Nitesh Estates has signed a Joint Development Agreement (JDA) for a new residential project in a prime piece of property measuring 8 acres 4 guntas located at the junction of the Whitefield road, Budigere road and Old Madras road. It offers excellent connectivity to ITPL, Whitefield, M G Road and Kempegowda International Airport.
The project will have high rise residential apartment comprising of 11 towers each having multilevel parking and 17 floors comprising a total of 723 apartments comprising a mix of 1BHK, 2 BHK, 2.5 BHK, 3 BHK (small and large) and 4 BHK pent house units.
The project will generate a turnover of Rs 375 crore to the Company, and will have significant improvement in the revenue and profits of the Company over next 3 years.
Nitesh Estates is a leading integrated property development company headquartered in Bangalore. The company provides world-class products and services and has presence across four asset class - Homes, Hotels, Office Buildings, and Shopping Malls.