A subsidiary of DLF is poised to acquire the stake held by Limitless Group, a part of Dubai World, in Bidadi Knowledge City located in southern Karnataka.
Currently, a substantial restructuring effort valued at 23.5 billion dollars is underway within Dubai World.
In April 2009, Limitless disclosed that due to the local authorities' failure to procure the necessary land, the company was reassessing a 12 billion dollar mixed-use project encompassing both residential and commercial segments in India.
The collaboration between India’s DLF and Limitless for the development of Bidadi city on the outskirts of Bangalore was initiated in October 2007.