Nitesh Estates set to enter Goa, Kochi and Chennai

Realty firm Nitesh Estates is planning to launch a 7.5 lakh square feet shopping mall in the upmarket retail destination of Indira Nagar in Bangalore. Meanwhile, the Bangalore-based company is also on the threshold of launching projects in Goa, Kochi and Chennai. The developer is coming up with a high-end villa project on the banks of the river Sol in Cavellosim, Goa, to cater to upper crust customers. The company has also decided to develop its second RitzCarlton Hotel and Residences in Chennai. Nitesh Estates has about 8 million sq ft of space under various stages of development. According to the company, the Nitesh Hyde project, a residential project located at Bannerghatta Road, has received overwhelming response. The project comprises one, two and three bedroom apartments, with sizes ranging from 688 sq ft to 1,275 sq ft. Of the 537 units, the company has about 200 confirmed bookings. The company has just completed two premium residential projects — Nitesh Buckingham Gate, a super-luxury condominium of 12 apartments at Lavelle Road, and Nitesh Garden Enclave -a built-to-suit corporate housing enclave for ITC. By April 2010, the company is scheduled to complete Nitesh Forest Hills located in Whitefield. This is a 284, two and three bedroom gated apartment project near ITPL. Adjacent to Nitesh Forest Hills is Nitesh Flushing Meadows, which has similar specifications. This project is under construction. In north Ban galore, the company has an upcoming luxury residential project ¬ Nitesh Central Park, slated for completion by early next year. Going forward, the company plans to have a primary focus on mid-segment housing in addition to executing premium projects such as Nitesh Buckingham Gate. The company announced its IPO in December. It plans to use the proceeds from the fund-raising activities to develop projects. Source : http://www.realtyplusmag.com/rpnewsletter/fullstory.asp?news_id=8004&cat_id=1 Filed under: Builders/ Developers , Chennai , Cochin , Goa , New projects Tagged: Chennai , Goa , Kochi , Nitesh Estates