Business Standard

Nitesh Estates gets dev right of Rs 100 cr B'glore housing

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Press Trust of India New Delhi

Realty firm Nitesh Estates today said it has acquired joint development right to develop a luxury housing project worth Rs 100 crore in Bangalore.

"This Rs 100-crore project will improve the revenues of the company and is expected to be completed within 24 months," the company said in a communique to the Bombay Stock Exchange.

The company would develop about 90,000 sq ft of high-end luxury housing project 'Nitesh Logos'.

Nitesh Estates, the real estate arm of the Nitesh Group, is an integrated property development. It develops homes, hotels, office buildings and shopping malls.

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First Published: Sep 21 2010 | 8:21 PM IST

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