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Nitesh Estates’ arm inks MOU for residential project in Bangalore

08 Mar 2016 Evaluate

Nitesh Estates’ wholly owned subsidiary has signed a Memorandum of Understanding (MoU) for a high rise residential project. The project is located off Bangalore - Mysore Highway, West Bangalore in proximity to Bangalore University. The new project will have approximately 300 residential units and is expected to generate revenue of Rs 130 crore over the next four 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.

Peers
Company Name CMP
Lodha Developers 1061.90
Prestige EstatesProj 1486.20
Dilip Buildcon 402.65
DLF 674.00
Oberoi Realty 1707.35
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