Nitesh Estates launches Rs 300 cr villa project in Goa

MUMBAI: In a bid to grab a substantial share of the growing luxury real-estate market, leading developer Nitesh Estates has launched a Rs 300 crore high-end villa project in Goa.

International architects CPG and interior design firm Warner Wong have designed the project, Nitesh Fisher Island, targeted at premium-end customers.

To be developed across 9.3 acres in the picturesque landscape of Goa, the project would have 36 luxury villas and will be completed in two to three years, the company said.

"The natural scenic beauty of the location was the most compelling reason for creating this villa community. It is located on the banks of the river Sal and is close to the pristine white sandy beaches in South Goa," Nitesh Estate's Chief Operating Officer, Ashwini Kumar, said in a statement.

Priced at Rs 8-10 crore, the project is targeted at the upper-crust from India and abroad, who are looking at owning an exclusive property, Kumar said.

"Luxury knows no bounds and the properties are designed to include everything that pampers your soul, mind and body. It is for those jet-setting people who are looking to steal quality time and are looking for a resort-like experience," Kumar said.

Each villa has a spa and a private swimming pool, beside, having a common water sports, jetty and everything else that one could desire for, he added.

Over 70 per cent of the project area is covered with landscaping and water bodies, which have been designed by international landscape firm, Belt Collins.