Nitco forays into realty business

Nitco Ltd, India’s leading flooring and interior aesthetics solutions provider, has forayed into the real estate sector, with the launch of its first premium project Nitco Biz Park, at Thane, Mumbai. The project will be designed and developed by Nitco Realties Pvt Ltd., a 100% subsidiary of the Nitco Group. The project is estimated to cost Rs. 120 crore.
 
Nitco Biz Park will be a six-storey building, spread over an area of two lakh sq ft. This project will be designed in a way to comply with green practices and will be equipped with modern amenities like hi-tech security surveillance systems in every corner, dedicated security control room, intelligent building management systems (IBMS) with 100% power backup, etc.
 
“We are very proud to present our first project. As a company closely associated with real estate sector for years, this marks our foray into the realty sector in Mumbai. We have been strategically developing this line of business and it will soon add immense value to all our shareholders,” said, Vivek Talwar, MD, Nitco Tiles.
 
“Nitco Biz Park will cater to the burgeoning commercial growth being witnessed in Thane. With its diverse range of modern amenities, the Biz Park will provide a total holistic global corporate working environment. Our focus will be on developing niche and GenNext level developments,” he added. 

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