Going by this News which appeared in CNN Money, it looks there is something really BIG waiting for Bangaloreans, do you have any information about this, pleas share with us out here, just enter you name and put all that you have to say about this. any related links are most welcome.

"India's DLF Ltd said it has won a contract for a township development project from the Karnataka government, adding that the project will generate value in excess of 12.5 bln usd.

The real estate company said the township will be spread over an area of 9,178 acres and will be executed by DLF Limitless Co Private Ltd, a 50-50 joint venture with Dubai-based Limitless Group.

The Gurgaon-based company said the project, which is the single largest investment in real estate in India, will be executed by the DLF Limitless Co Pvt Ltd, a 50-50 joint venture between DLF and Limitless Group, a part of Dubai World Group.

The township will be located 15 kilometres from the outskirts of Bangalore, India's software hub, and the 'New Bangalore City' will have the strategic connectivity advantage of being on the Southern Freight Corridor, DLF said.

DLF shares closed at 892.75 Indian rupees, up by over 16 pct on the Bombay (OTCBB:BBAO) Stock Exchange, while the BSE Realty Index rose 6.46 pct from Oct 1.

Other real estate stocks including Akruti Nirman (OOTC:AKRUF) ticked up nearly 11 pct to end at 807 rupees, Housing Development & Infrastructure Ltd rose 4 pct to 664.50 rupees, and Vipul Infra closed up 2 pct at 726 rupees.Read full article here

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