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Nitesh Group spares Rs 400 crore for Shopping Mall venture

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As per the sources available with www.propertykhazana.com, Nitesh Group, a prominent realty developer has made its debut in retail segment with the designing of shopping mall spread in over 5 acres of property in the city at an investment of Rs. 400 Crores.
Mall which is being planned by Seattle based architecture firm will be as one of the biggest in South India and the mall will have some of the most prolific brands of world and a part of the mall will also have the service flats. Nitesh have already cosseted the land for undulating same proposals in Chennai, Trivandrum and in Cochin in the coming 6 months and the group will also be developing super best retail boulevards in lavish five star hotels which is under construction in Bangalore and Chennai.
Mr. Ashok Ganguly, Vice President in Marketing and Communications of Nitesh Group said to www.propertykhazana.com that, “The venture will be executed by the end of 2009 and the project is the main part of the Nitesh Estate’s better intention to become a best realty player in the country.” Talking on the significance of the project he said that it will develop their container of contributions extremely and give them the energy to earn bigger impression in the realty field. For more details logon to www.propertykhazana.com .
Source: NBTVLIVE

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