Nitesh Estates arm signs Rs 4.5 bn residential project

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.

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