Emaar MGF MD Shravan Gupta steps down i. Dubai based Emaar MGF's Executive Vice Chairman & Managing Director Shravan Gupta has resigned from the post after the two joint venture partners Emaar Properties and India's MGF Development had decided to part ways and restructure the company's business. ii. Upon the restructuring process realty major Emaar would take control of the company's uncompleted projects to ensure completion of those projects. iii. Shravan Gupta will continue to act as director of the company, and While Sanjay Malhotra is the new acting CEO of the company.