Skip to main content

MoneyWorks4Me

Nitesh Estates has informed about the appointment of Mahesh Laxman as Chief Executive Officer of new Commercial and Rental Business vertical of the Company. Mahesh has a work experience of over 33 years in organizations of repute such as Ascendas, Jones Lang LaSalle and L & T Realty. He has held senior positions in these organisations. Nitesh Estates has informed that the Company is moving forward with its development / acquisition of A grade Commercial and Rental assets portfolio of over 5 million Sq. Ft. rental income to the Company. The estimated investment will be over Rs 1500 Cr across multiple projects, to be funded by equity / Private equity/ debt. The Company has already invested approximately Rs 300 Cr to build this portfolio. The portfolio will be developed over next 3 to 4 years.

The above information is a part of company’s filings submitted to BSE.

Peers
Company Name CMP
Lodha Developers 1152.90
Prestige EstatesProj 1597.70
Dilip Buildcon 394.25
DLF 736.85
Oberoi Realty 1713.80
View more..