Friday 19 July 2013

Nitesh Estates bags Rs 300 crore mid-income housing project in south Bangalore

Nitesh Estates, a property development company, reportedly has inked Rs 300 crore mid-income housing project, British Columbia in south Bangalore. The project is coming up at Kanakapura Road in southern Bangalore and will house 500 apartments ranging from a large 900 square feet up to 1800 square feet. The configuration of apartments will be 2 BHK and 3 BHK, which would be priced between Rs35 lakh to Rs 80 lakh, depending on the unit size.

Recently, the company obtained all requisite clearances to start operations at The Ritz-Carlton, Bangalore, the newest 5 Star Luxury hotel in the Central Business District. It secured all necessary approvals/licenses such as Occupancy Certificate, Tourism Board NOC, Food & Restaurant Permits, Trade License, Pollution Clearance, and Fire Clearance for its commencement. The hotel is scheduled to start full scale of operations by September 30, 2013.

About Nitesh Estates:
Nitesh Estates is in the business of real estate development and is primarily engaged in the development of residential projects in Bangalore. It is also developing a hospitality project in Bangalore, a residential and an office project in Kochi

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