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

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.