The Real Estate Sources told the NBTV that the leading player in land property inked a home scheme pact valued at Rs.3bn.
This piece of planned work extends over an area of around 5 acres with a growth potential of around 10 Lakh Sq. Ft. keeping in view the interests of the middle and upper middle class earnings. This company whose involvement in the land and property development is widely acknowledged came forward to ink a deal worth around 3bn in the construction of apartments in an area where they will be able to achieve their plans. This vicinity is approachable from Outer Ring Road as well as Sarjapur Road, in Bangalore.
The sources also told the NBTV that Nitesh Estates selection of the stretch of area for construction of apartments is really highly appreciable in that there are a slew of computer related firms, employing thousands of workers. Since the earnings of these workers are considerably high as per the industry standards and also due to the fact that they have to travel a lot, which is time consuming, most of the employees desire to be close to their work place. The sources also told the NBTV that this neighborhood is dotted with a number of shelters constructed by different builders which naturally will have lot of demand. In fact the prospective buyers, as in other products, tend to approach a branded contractor and hence Nitesh Estates have an edge
Over other builders Nitesh have executed a plethora of such quality projects throughout the country. With so many advantages in the area mentioned in the foregoing lines, Nitesh have jumped into the fray. The firm wishes to shape the project in grandeur and is expected to commence the execution at the earliest.
Source: NIMMA BENGALURU
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