Click to play videoBangalore: India's biggest real estate developer DLF, has set its sights on Bangalore. Here it will develop one of its first mid-segment residential projects.
Sources say the project size is 100 acres, out of which DLF plans to develop about 9 million square feet and might be launched by the end of this year and completed by 2012.
The township will host a school, bank, clubs and a supermarket, besides housing units.
Sources say DLF wants to attract young middle-class buyers and could price the units at Rs 45 lakh each. DLF apparently plans to develop this project in four phases, with about 2 to 2.5 million square feet to be built in each phase
DLF, add sources, will build about 4,500 units in Bangalore, starting from 1,500 square foot apartments.
DLF is believed to be looking for more sites in and around Bangalore, but sources say it might also launch similar projects in Kochi, Chennai, Hyderabad and Kolkata, this financial year.
(With inputs from Anumeet Kaur Bedi in New Delhi)
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