Nitesh Estates has series of firsts to its credit. It was the first to win India's largest corporate housing project by ITC in the face of stiff competition by well-established developers. Then, again, it has the distinction of bringing the first Ritz-Carlton Hotel to India. Also, it was one among the first few developers to atrract foreign direct investment in real estate when Och Ziff Capital Management Group, one of the world's largest PE funds, picked up 25 per cent stake in the company and Citigroup's property arm Citi Property Investors invested in the Ritz-Carlton Hotel. HDFC AMC too has picked up
a stake in Nitesh Estates.
So what makes Nitesh Estates such a 'hot property' for foreign and domestic institutional investors? The premium living, working, lifestyle and leisure space it has developed over rhe years bears ample testimony to the company's highest quality standards in property development. "We created benchmarks of our quality, execution and our profile through these projects," says Shetty.
a stake in Nitesh Estates.
So what makes Nitesh Estates such a 'hot property' for foreign and domestic institutional investors? The premium living, working, lifestyle and leisure space it has developed over rhe years bears ample testimony to the company's highest quality standards in property development. "We created benchmarks of our quality, execution and our profile through these projects," says Shetty.
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