Emirates Business 24/7 reported that Dubai based Limitless is still exploring opportunities in India despite the developer's JV with Indian developer DLF exiting the USD 12 billion Bidadi project earlier 2009.

Ms Rebecca Rees corporate media relations manager of Limitless said that "We are still exploring opportunities in India that fit our global strategy. With regard to Bidadi, we and DLF agreed to end discussions with Bangalore Metropolitan Regional Development Authority about the progress on their proposed Bidadi project in July. Under the agreement, the government was responsible for the land acquisition. Unfortunately, after more than 18 months, the land acquisition did not advance. As a result, we notified the government that we are no longer pursuing the project."

The project was to cover an area of 4,000 hectares divided into residential, commercial and retail elements. The project was expected to house a population of 750,000 when completed. Bidadi was one of the 5 townships proposed by BMRDA to be developed in a public private partnership.

A DLF spokesperson confirmed that the company was looking forward to work together with Limitless and that their joint venture had not ended. He said that our relationship with Limitless is very strong and we are looking forward to work together.

Ms Rees said that "We are continuing to carefully review our projects in light of the global economic situation. We have already adjusted the pace of development and will continue to do so to reflect market conditions."

(Sourced from Emirates Business 24/7)