DLF to bag $10-20 bn B'lore township - Indian Real Estate Forum

Tanuj · 11-07-07

Real estate giant DLF is set to bag a township project in Bangalore spread over 9,000 acres that could entail an investment of about $10-20 billion.

DLF has emerged as the sole bidder for the project, which is to be developed on the outskirts of Bangalore, industry sources said.

The township would be about three times of Gurgaon city, being developed by the DLF. The project would have housing complex, malls, commercial space, schools, clubs, hospitals and hotels among other facilities.

After floating the India's largest IPO of over Rs 9,000 crore, this is the second big project where the company has emerged as the sole bidder. Earlier, DLF was the only bidder for a convention centre project spread over 35 acre in Delhi to be developed at a cost of Rs 3,000 crore.

DLF has a land bank of about 11,000 acre and has presence in all verticals of real estate. The company has also forayed into hotel, insurance and infrastructure business.

11-07-07	#1
Tanuj New Member Join Date: Oct 2006 Posts: 45 Thanks: 0 Thanked 0 Times in 0 Posts	DLF to bag $10-20 bn B'lore township Real estate giant DLF is set to bag a township project in Bangalore spread over 9,000 acres that could entail an investment of about $10-20 billion. DLF has emerged as the sole bidder for the project, which is to be developed on the outskirts of Bangalore, industry sources said. The township would be about three times of Gurgaon city, being developed by the DLF. The project would have housing complex, malls, commercial space, schools, clubs, hospitals and hotels among other facilities. After floating the India's largest IPO of over Rs 9,000 crore, this is the second big project where the company has emerged as the sole bidder. Earlier, DLF was the only bidder for a convention centre project spread over 35 acre in Delhi to be developed at a cost of Rs 3,000 crore. DLF has a land bank of about 11,000 acre and has presence in all verticals of real estate. The company has also forayed into hotel, insurance and infrastructure business.

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