Mumbai, 20 November 2007 .... Limitless, the Dubai-based global real estate master developer, has burst onto the property scene in India by showcasing nearly US$100 billion-worth of international projects at Cityscape, on now in Mumbai.
And the company's US12 billion, 4,000 hectare Bidadi project - the first of many for Limitless in India - has attracted massive interest at the Limitless stand, one of the biggest at the show.
Speaking in Mumbai, Imad Benharouga, Limitless Head of Corporate Strategy, said: "Hundreds of developers, investors and potential partners have visited our stand, and will be left in no doubt about how serious we are taking India. Bidadi is one of many projects in the pipeline for us in India, and we are delighted with the response so far. Clearly, investors and developers share our vision to create distinctive, sustainable communities - like Bidadi - in India as it moves towards greater urbanisation."
Limitless is working with DLF, one of India's leading developers, to create Bidadi, which will be located 35km south-west of Bangalore and will house up to 750,000 people.
The company recently appointed Krishna Subramanian (Subu) as Chief Financial Officer for South Asia, and is currently setting up new Limitless offices in India.
Current Limitless projects:
Al Wasl, Saudi Arabia (announced 11 October 2007): US$12 billion, 1,400 hectare mixed-use development near Riyadh, including 60,000 homes as well as mosques, educational facilities, offices, shopping malls and hotels.
Arabian Canal, UAE (announced 10 October 2007): US$11 billion, 75 kilometre-long man-made waterway - the biggest and most complex civil engineering project ever undertaken in the Middle East. Limitless is also master planning a US$50 billion, 20,000 hectare canalside 'city' as part of the project.
Bidadi, India (announced 2 October 2007): US$12 billion, 4,000 hectare urban community near India's technology capital, Bangalore. The first of five new towns planned by the Government for the outskirts of the city.
Halong Star, Vietnam (announced 5 September 2007): US$220 million, 125 hectare mixed-use development with residential units, hotels, and education, cultural and recreational facilities, overlooking Halong Bay, a UNESCO-sanctioned world heritage site.
Downtown Jebel Ali, UAE (announced 15 November 2006): US$13 billion, 200 hectare sustainable, mixed-use development consisting of four quarters, each with its own iconic, individually-themed plaza. Downtown Jebel Ali will have nearly 330 buildings, including 237 residential towers.
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Note to editors:
Limitless LLC, a Dubai World company, is a global real estate master developer across all market segments, delivering distinctive and sustainable developments. Established in July 2005 and built on the philosophy of 'delivering distinction', Limitless has three specific areas of expertise: master planning large urban communities; waterfront development and the implementation of large scale, balanced projects.
Media enquiries:
Rebecca Rees,
Limitless PR on +971 4 375 9733
Rebecca.rees@limitless.ae
© Press Release 2007
