Nitesh Estates to develop Rs.450 Cr Residential Project [10 Aug 2012] - ACE Update Magazine

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Nitesh Estates to develop Rs.450 Cr Residential Project [10 Aug 2012]

Bangalore-based real estate major Nitesh Estates to develop a villament project Nitesh Palo Alto with a revenue expectation of Rs. 450 crore. The project will be developed at off the Sarjapur-Marathahalli Outer Ring Road, Bangalore. The project size, in terms of area is 11 acres, with 70 per cent of the land designated to landscaping and open spaces.
 
Speaking on the occassion, Ashwini Kumar, Executive Director and COO, Nitesh Estates said, “Nitesh Palo Alto is located off the Sarjapur- Marathahalli, Outer Ring Road, and is a thoroughfare for at least five lakh people on a daily basis, who travel to and through the IT Hub for work. Around three lakh people work in the immediate vicinity of the upcoming development.”

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