By Accommodation Times Bureau
Nitesh Estates, an integrated property development company, has announced on Wednesday that its subsidiary, Nitesh Urban Development has signed up a joint development agreement worth Rs 4.5 billion.
This agreement is for development of an area admeasuring 11.15 acres of land parcel on Marathahalli – Sarjapur Outer Ring Road, a prominent IT hub in Bangalore.
The project will have 7,50,000 Sq.ft. of saleable area developed into New Villament residential project – Nitesh Palo Alto on the Marathahalli -Sarjapur Outer Ring Road, Bangalore, over 42 months.
The project will be commenced in next 90 days.