Dubai-based Emaar Properties has ruled out selling its Indian operations, instead opting for strategic joint ventures with major Indian conglomerates to accelerate expansion in the country's booming real estate market.

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Emaar India Ltd and MGF Developments Ltd have had immovable assets worth over 401 acres and ₹834 crore temporarily attached by the Enforcement Directorate (ED). Emaar owns properties worth ₹501.13 crore, while MGF Developments retains the remaining assets at ₹332.69 crore.