Bangalore based Nitesh Estates enters the flourishing retail market with development 1 Million Sq.ft shopping mall in Silicon City. Ashok Ganguly, VP of Nitesh Group said to www.propertykhazana.com that, “The mall which will be the biggest one in South India, will come up on 5 acres with investment of Rs. 400 Crores and the venture will be set by the end of 2009.” Nitesh Estates has now sheltered up the land for progressing out the same retails initiatives in Chennai, Thiruvananthapuram and Kochi in the coming 6 months and this will also set up excellent retail avenues in 5 star hotels coming in Bangalore and Chennai.
As per the sources available to www.propertykhazana.com, Nitesh Group has opened ‘Nitesh Wimbledon Gardens’ at Kochi which is situated on the Airport-Seaport Road and the ventures includes 900,000 Sq.ft of housing area, 500,000 Sq.ft of office spaces and 100,000 Sq.ft of retail locality with shopping malls, fitness hubs, health clubs and a cinema complex. Also the venture is having 2 rooftop helipads, said the chief executive officer of the company.
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