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

19 Jul 2013

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.

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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