Nitesh Estates to grow their Commercial and Rental Portfolio
Bangalore based luxury property developer Nitesh Estates announced the growth of their commercial & rental assets to more than 5 million sq. ft. of space in the near future. This includes locations in the central business districts and significant micro markets of Bengaluru. Nitesh Estates will develop and acquire A-Grade commercial & rental assets with an investment of around Rs. 1500- cr across multiple projects.
To spearhead the vertical Nitesh Estates announced the appointment of Mahesh Laxman as its Chief Executive Officer of Commercial and Rental Business.
Mahesh Laxman, CEO Commercial and Rental Business, Nitesh Estates said; “Nitesh Estates will diversify the portfolio mix with a well balanced commercial & rental asset class. Our plans in Bangalore to build 5 million sq ft of A grade office space will also set the pace to establish a footprint in a number of cities within the next 3 to 5 years “