Nitesh Estates up as co expects Rs 200 cr revenue from new project

Shares of Nitesh Estates rose after the company announced that it expects to generate a revenue of Rs 200 crore from its new luxury residential project at Bangalore.

Nitesh Park Avenue,  the super luxury residential project, located in High Grounds, Sankey Road, Bangalore, is expected to be the new iconic landmark in the town, ushering in a new paradigm of luxury living, the company said in a release late Thursday.

The company has partnered with celebrity architect, Kohn Pedersen Fox, an internationaly renowned architectural firm, for this project, which will be completed in the next 36 months, the release said.

 

Nitesh Estates’ share was up 2% at Rs 17.20 with over 33,000 shares traded on both the bourses.