DLF and Limitless will work in 50:50 JV on Bidadi Township Project
Real Estate major DLF will develop mega project in Bidadi Knowledge City near IT hub Bangalore in partnership with Dubai based firm Limitless. The project will be for housing and commercial constructions in an area of nearly 9200 acres in Bidadi. The project cost is estimated between Rs 50 -60 thousand crore and both companies will be equal partners in the project as per the statement of Dubai-government owned Limitless.
DLF has recently entered stock markets with its IPO. The company valuations have seen a decent rise. DLF is among the top companies in India in terms of net worth. The real estate sector in India is booming and there is requirement of housing in Bangalore.
Limitless Holdings has informed that the project will be designed by California based firm Berkely.
DLF managed to get the project allotted by Bangalore Metropolitan Regional Development Authority for which nearly 100 companies had filed applications. The project is mere 15 km from Mysore and 30 km from Bangalore. The area will be well connected by road, railways and Air route (via Bangalore). The project will offer world class living and business environment.
The project will offer housing facility for more than 7 lakh persons. All facilities of a modern township will be offered and the cost will be affordable. The connectivity to Bangalore will be even better after a dedicated metro rail project is finalized by BMRDA.