As if the existing woes were not enough for the countrys cash strapped real estate companies, there are more worries coming their way.
And this time, there is trouble brewing for the countrys largest realty player, DLF, in its ambitious project at Bidadi near Bangalore. The 9,000 acre New Bangalore project at Bidadi in Karnataka, was supposed to be a landmark, but now it looks like it is all but set to disappear.
The project, a joint venture between DLF and Dubai based Limitless, announced in 2007, has been aborted for now and with it Rs 60,000 crore of investment has gone.
More : profit.ndtv.com
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