Main
Nitesh Estates to grow their Commercial and Rental Portfolio To pan out over 5 million sq ft in the next 3 years


New Delhi, 27 March 2017: Bangalore based luxury property developer Nitesh Estates announced today, the growth of their Commercial & Rental assets to more than 5 million sq. ft. of space in the near future. This includes locations in the central business districts and significant micro markets of Bengaluru. Nitesh Estates will develop and acquire A-Grade commercial & rental assets with an investment of around Rs. 1500- cr across multiple projects.
To spearhead the vertical Nitesh Estates announced the appointment of Mahesh Laxman as its Chief Executive Officer of Commercial and Rental Business.
Mahesh Laxman, CEO Commercial and Rental Business, Nitesh Estates said; “Nitesh Estates will diversify the portfolio mix with a well balanced commercial & rental asset class. Our plans in Bangalore to build 5 million sq ft of A grade office space will also set the pace to establish a footprint in a number of cities within the next 3 to 5 years “
As announced earlier, Nitesh Estates has forged a strong partnership with Goldman Sachs to acquire ready-made commercial assets on a pan India footprint. In this endeavor cities like Pune, Chennai, Hyderabad and Mumbai have been identified for such acquisitions. Its first buy under this partnership was an impressive purchase of 1-million sq.ft. shopping mall – Nitesh HUB in Koregaon Park, Pune. Nitesh Estates aims to deliver upscale projects in both, the commercial and retail asset classes.
-
News1 week ago
Q3 2023 Housing prices up 10% YoY led by positive buying sentiment: CREDAI –Colliers – Liases Foras| Housing Price-Tracker Report Q3 2023
-
News3 days ago
LIXIL celebrates architecture & design industry excellence at World Architecture Festival 2023
-
News3 weeks ago
Fractional Real Estate Can Reshape the Second Home Market in India
-
News3 weeks ago
Aparna Constructions and Estates Launches Aparna Greenscapes in Hyderabad, Plans Rs 1400 Crores Investment
-
News2 weeks ago
Maha Govt’s New Housing Policy to Boost’ Housing For All’, New Investments in State’s RE: Maharashtra Housing Min
-
News3 days ago
Technology Can Speed Construction, Cut Costs, Make Labour More Efficient and Sustainable: Brigade Reap Propagate’23
-
News2 days ago
RBI Keeps Repo Rate Unchanged, Increases Growth Forecast In Its Monetary Policy
-
News4 days ago
London Based YOO Worldwide Partners With Luxury Strategy-To-Sales Firm, SQUAREA, to Introduce Designer Residences to East India