It had posted a net loss of Rs 152.78 crore in the year- ago period, Emaar MGF said in a regulatory filing.
"The scheme provides for the demerger of an undertaking, being part of the construction and development business of Emaar MGF Land Ltd (demerged company) to MGF Developments Ltd (resulting company)...," the filing said.
Dubai's Emaar Properties said on Thursday it was committed to its projects in India through its joint venture Emaar MGF Land, and that India was a key market for Emaar.