India''s DLF will develop a $12 billion (Rs47,590 crore) housing and commercial real estate project near the technology and outsourcing hub of Bangalore jointly with the Dubai government-owned Limitless.

The 50:50 joint venture (JV) will set up the 9,884-acre Bidadi Township on Bangalore''s outskirts.

Bidadi will have homes for around 7.50 lakh people, as well as commercial and retail space. It is one of five townships planned around Bangalore.

Limitless is owned by the Dubai World agency, which is building three islands shaped as palm-trees with hotels and villas off Dubai''s coast.