Nitesh Estates acquires remaining 50% stake in Courtyard Construction

Acquires ownership of prime land parcel in Cunningham Road, Bangalore

Nitesh Estates has acquired remaining 50% ownership of Courtyard Construction (CCPL), thereby making CCPL a 100% wholly owned subsidiary. In 2010, Nitesh Estates Limited had acquired 50% ownership in Courtyard Construction.

This gives 100% ownership of prime land parcel of 21,000 Sq.ft situated in Cunningham Road, Bangalore, owned by CCPL.

The Company will be launching its Luxury Residential Project shortly, which will garner Rs 110 crore topline revenue over next 24 months.

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