Real estate Bangalore market has become hot after entering DLF in the real estate market of the city. The biggest real estate player of the country, DLF is planning to construct 10,000 residential apartment units and 2 million sq ft mall in the state capital.
The company is planning to invest Rs.3, 000 crore by building the apartments over 100 acres land. The company has already acquired 80 acres at Bannerghatta Road and 20 acres in Electronics City. The project will be commencing from next three to four months and will provide first set of apartments in two years.
An investment of Rs. 1,000 crore will be made for the biggest mall in the country in Whitefield. The construction has begun for this and will be open for commercial use in about 18 months.
DLF is also in the search of land to develop office building in the city.
The company seeks to fund the projects through the Rs 9,500 crore public issue which opens on June 11, 2007.
Tuesday, June 5, 2007
DLF to invest Rs 4,000cr in Bangalore realty
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