DLF event update from Edelweiss
DLF has been awarded a project to develop “a new Bangalore City” in Bidadi. The company will execute this project in joint venture with Dubai-based Limitless Group, wherein both the parties will have 50% stake. We spoke to the DLF management to get clarity on the project. Key highlights of the discussion are as follows:
The project, spread over 9,178 acres, has a developable and saleable area of approximately 250 mn sq ft. The management plans to utilize 50% of the area for developing residential properties, 30% for IT parks, and the balance for commercial and retail property development. We believe the average sales price for the total 250 mn sq ft will be in the INR 3,800 - 4,000 per sq ft range.
DLF-event_update-Oct-07-EDEL.pdf
