DLF shifts focus towards South, to develop New Bangalore

New BangaloreAfter the successful models of Navi Mumbai and Noida, Bangalore is also soon going to get its ‘New Bangalore’. This would would help Bangalore in overcoming its infrastructural and basic problems which was making it less attractive to companies, investors and residents.

The project would be developed in Bidadi Township through an equal Joint Venture between DLF and Dubai-government owned Limitless Holdings, a sister company of Nakheel. The Bidadi Knowledge City will be situated at about 30 km from Bangalore and 15 km from Mysore.

The total area to be developed under the project would 9,884 acre and entail an investment of around Rs. 60,000 crore over next 7 years, which would be the largest ever investment by any private sector company.

DLF and Nakheel are already developing two townships of 20,000 acres each at Gurgaon and south Maharashtra at an investment of Rs 40,000 crore. Bidadi Knowledge City will be three times the size of DLF City in Gurgaon.

‘New Balngalore’ would have metro rail and ring roads connection with Bangalore along with airports inside the township.. it would have shopping malls, multiplexes and hotels and homes for around 750,000 people.

The project location may work to its advantage as it is located on the Bangalore-Mysore railway line and part of the Southern Freight Corridor. Also, it is well connected to existing and upcoming international airports of Bangalore though an expressway. 

Once the project gets fully functional, it would surely aid in taking Bangalore to the next league and help in bringing more investments to the city.

Find this article at: http://www.labnol.org/india/corporate/dlf-shifts-focus-towards-south-to-develop-new-bangalore/1435/

Tags: , , , Corporate, India

Reader Comments

I want a list of all DLF projects ( residential ) coming up in Bangalore with details of financial aspects.



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