DLF is unlikely to go ahead with its decision to develop 270 row houses spread over 38 acre a part of the company’s large development project coming up at Jigani Industrial Area in Bangalore at a proposed investment of INR 300 crore.
The row houses project form a part of the Phase I of the INR 1,000 crore development plan and expected to take off early next year. Each row house is likely to cost between INR 7 million to INR 8 million.
DLF will focus on mid-income homes and commercial complexes with deferment of high-margin launches in luxury homes and retail space.
(Sourced from http://www.steelguru.com/news/index/2009/10/22/MTE2OTg5/Slowdown_signs_-_DLF_may_scrap_270_row_houses_project_in_Bangalore.html)
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