Limitless, the global master-development arm of Dubai World, yesterday said it is currently reviewing its position on its $12 billion (Dh44bn) mixed-use project in India as it is yet to acquire land, a company official said yesterday.
"Limitless and India's DLF won the bid to build Bidadi in October 2007. Under the agreement, government agencies are responsible for the land acquisition. Unfortunately, after 18 months, the land acquisition has not advanced. As a result, Limitless and DLF have notified the government that they are reconsidering their position," Rebecca Rees, Corporate Media Relations Manager, Limitless, told Emirates Business.
Rees said the joint venture is liaising with Bangalore Metropolitan Regional Development Authority (BMRDA) in relation to the progress on the project.
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