DLF Sole Bidder For Rs. 3500-cr Bangalore Township Project
Real estate developer DLF Ltd has emerged as the sole bidder for the Bangalore Region Development Authority’s 9,300-acre Bidadi satellite township project as the deadline for the submission of technical and financial bids has expired. The bids would be evaluated and finalized by end of August. There were 24 contenders at the request for qualification stage as on January 22. The estimated cost of building the township, to be located 39 km from Bangalore off the Bangalore-Mysore state highway, is Rs. 3,500 crores. The implementation period will be two years and the realization period five years. Bidadi is one of the five self-contained townships proposed by BMRDA around Bangalore to be developed in public-private partnerships.

Posted September 9, 2007
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