DLF has reportedly taken an exit from the Bangalore Metropolitan Region
Development Authority's (BMRDA) 9,300 acre Bidadi Satellite Township Project
near Bengaluru citing poor demand and lack of investors in the realty sector.
The BMRDA has reportedly returned Rs 400 crore to DLF, the company's
investment on the township project. In October 2007, DLF emerged as the sole
bidder for the township project named 'Knowledge Park'. DLF had formed an equal
JV with the Dubai-based Limitless Holdings for the project.
Also See:
DLF may
withdraw from Infopark project (17-Apr-09)
Related Links:
Project profile