Nitesh Estates News

Companies

Nitesh Estates to sell 2 land parcels for Rs227 crore to pare debt

Of the total, around Rs152 cr will be used to repay the lender and the remaining for repaying the liability towards customer refunds and land owner’s obligationsNitesh is selling one land parcel in Bengaluru to Kolte Patil Developers Ltd for around Rs113 cr and the second parcel in north Bengaluru to another developer

1 min read23 Oct 2019
Companies

Nitesh Estates to raise ₹1,300 crore for commercial office portfolio

Nitesh Estates will raise ₹800 crore as equity and partner a foreign investor primarily to build a commercial office platform, says CMDNitesh Estates also plans to raise up to ₹500 crore of structured debt for 3-4 residential projects, which will be converted into offices

2 min read23 Apr 2019
Industry

Nitesh Estates pares ₹450 crore debt via asset sale

Nitesh Estates has sold a 21,000 sq. ft residential plot for ₹55 crore in Bengaluru's Cunningham RoadNitesh Estates, in March, sold Plaza Centre Mall in Pune to Era Realty Pvt Ltd, part of ABIL Group

1 min read2 Apr 2019
Companies

Blackstone to buy 80% in Pune mall for Rs310 crore

Blackstone Group is set to buy an 80% majority stake in Nitesh Hub, a shopping mall in Koregaon Park, Pune from Nitesh Estates for around Rs310 crore

1 min read20 Mar 2018
Companies

Deals Buzz: Naspers may partner Tencent to deliver $200 million to Swiggy

In other news, Cargill India is expanding its presence in the country and has prepared a plan to broaden its portfolio

3 min read9 Jan 2018
Companies

Developers opt for plot sales for quick cash flows, easy launches

Plots are available at a broad price range, from `10 lakh to `1 crore, even higher

3 min read5 Aug 2015
Companies

Nitesh Estates, Goldman Sachs to invest up to $250 mn in real estate

Announcement comes a day after Nitesh Estates acquired the Park Plaza mall at Koregaon Park in Pune, backed by Goldman Sachs

2 min read15 May 2015
Companies

Nitesh Estates buys Pune’s Koregaon Park Plaza for Rs250 crore

Park Plaza Centre in Pune's Koregaon area was owned by Israeli firm Elbit Imaging Ltd

1 min read13 May 2015
Companies

Nitesh Estates opens Ritz-Carlton hotel in Bangalore

Nitesh Estates builts the 277 room Ritz-Carlton at a cost of `750 crore

1 min read1 Nov 2013
Companies

Nitesh Estates signs up `300 crore housing project in Bangalore

The project will consist of 500 apartments; apartment prices will start at `35 lakh and go up to `80 lakh

1 min read18 Jun 2013
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