Bangalore-based Nitesh Estates plans to grow its commercial & rental assets to more than 5 million sq. ft. of space in the near future. This includes locations in the central business districts and significant micro markets of Bengaluru. Nitesh Estates will develop and acquire A-Grade commercial & rental assets with an investment of around Rs. 1500- crore across multiple projects.
Nitesh Estates has signed up a Rs.3bn residential project, at a strategic location accessible from Outer Ring Road as well as Sarjapur Road in Bangalore.
Nitesh Estates has signed up a Rs.300 crore residential project in Bangalore. The project spread on more than 4 acres of land, will have nine lakh square feet development aimed at mid and upper mid income segments.
Nitesh Estates Limited has announced impressive performance for the financial year ended March 31, 2011 clocking a robust top line growth of 58%.