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DLF Bids for Bangalore Township Worth $10-20 Billion
| July 11, 2007 |   (2 votes, average: 4 out of 5) Loading ... |
Real estate giant DLF is soon to bag a residential Township project in Bangalore which will involve an investment of $10-12 billion. The project will come over a large area of 9,000 acres on the outskirts of the city.
DLF has emerged as the only bidder for the project, informs an industry source. However, the company refuses to comment on any aspect of the bid as the bidding is still in the process.
It would be another exclusive project for DLF which would be three times bigger than their previous project, Gurgaon City. The Township will feature residential complexes, shopping malls, commercial space, schools, clubs, hospitals and hotels.
DLF has recently made headlines for floating the India’s largest IPO worth Rs 9,000 crore. Bangalore Township will be the second big project for the company where it has been playing the role of only bidder.
The company holds land bank of about 11,000 acre and holds presence in all the segments of property sector.
DLF has also entered into hotel development, insurance, and construction of infrastructure facilities.
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Increasing trend in demand for housing and residential projects in bangalore which makes more set backs in development of infrastructure all over bangalore, just all private real estate companies put their eye on commercial malls and shopping streets, because of the these oneside vertical growth bangalore now loosing its basic strength day by day no govt body take steps for develope the city, and we can see more traffics in the main roads as well as subways now.