Nitesh Estates plans Rs 2.1 bn project

Real estate developer Nitesh Estates plans to launch 6 mn sqft  project, including a villa and mid income housing projects in Bengaluru.Nitesh Urban Development, the subsidiary of Nitesh Estates, has signed a joint development agreement for a residential project on Sarjapur Outer Ring Road. The project would offer 7 lakh sq ft of saleable development, with a realisation of Rs 300 crore over the next couple of years.The project cost, including land value, would be Rs 210 crore. The company, with a 73 per cent stake in the project, would develop 450-500 apartments at over Rs 4,500 per sq ft.Contact: Nitesh Estates.Tel: 080-4017 4222. E-mail: sales@niteshestates.comWebsite: www.niteshestates.com