DLF Bags Bidadi Knowledge City Project

Delhi-based real estate developer DLF has won the contract to develop the prestigious Bidadi Knowledge City project for IT companies coming up near Bangalore, according to the Mint.

A small town on the Bangalore-Mysore highway, Bidadi is the Karnataka’s government’s response to the infrastructure woes bedevilling India’s IT hub Bangalore.

Bidadi Knowledge City is expected to attract investment of Rs 60,000 crore ($15 billion) eventually and be a top destination for IT companies worldwide.

DLF plans to develop the Bidadi project spread over 9,178 acres in partnership with Dubai-based Limitless Holdings in a 50:50 joint venture.

The big question is whether the Karnataka government headed by H.D.Kumaraswamy has the expertise to take a project of this magnitude to fruition. We remain skeptical.

Several Indian and foreign companies had bid for the Bidadi project.

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