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.
| Company Name | CMP |
|---|---|
| Lodha Developers | 820.90 |
| Dilip Buildcon | 437.70 |
| DLF | 568.40 |
| Oberoi Realty | 1685.35 |
| Ahluwalia Contract(I | 784.50 |
| View more.. | |
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