Saturday, October 22, 2011: 09:44:34 PM

TJCD Company Review

Nitesh Estates – Building luxury and comfort

With each of its properties, Nitesh Estates continues to raise the bar consistently

Freakin' Awesome! Freakin' Awesome! Freakin' Awesome! Freakin' Awesome! Freakin' Awesome!

Nitesh Estates, the real estate arm of the Nitesh Group, is an integrated property development company. Nitesh Estates constructs state-of-the-art homes, hotels, office buildings and shopping malls. In 7 years of operations, the company has developed more than 18 million sq. ft. of premium living, retail and work spaces under different stages of development.

 
Nitesh Estates is responsible for many of South India's most recognised developments. Superior quality, attention to detail and perfection are what Nitesh Estates demands throughout its projects - from homes to hotel and from office buildings to shopping malls.  The design driven, cutting edge facades created in collaboration with the world's best architects, to the flawless interiors - no detail is ignored. With each of its properties, Nitesh Estates continues to lift the bar of super luxury living.
 
Headquartered in Bengaluru, with presence across four asset classes, it is one of India's most recognised Luxury Real Estate Brand. The Company has now expanded its operations to Goa, Chennai and Cochin. Driven by its dynamic management, Nitesh Estates has to its credit a series of firsts: the first to win India's largest corporate housing project (ITC Limited), one among the first few to attract FDI in real estate (Och Ziff and Citigroup) and has brought to India, global luxury chain - The Ritz Carlton Hotel and setting up its first property in Bengaluru.
 
Location
 
Nitesh Estates is headquartered in Bengaluru.
 
Line of Business
 
The company is engaged in building ultra-luxury residential developments, which include developing state-of-the-art homes, hotels, office buildings, and shopping malls. 
 
Core Values
 
Focussed on consistent growth and delivering quality projects. The company’s uncompromising adherence to international standards has propelled it on to the threshold of quantum growth.
 
Core Competence
 
The company’s core competence lies in the following aspects:
 
·         Ability to execute blue prints of world class assets   
  • Distinctive architecture and interior design of projects
  • Keen attention to aesthetics and design
  • Reliability and quality after-sales service
 
Differentiator
 
The perfect blending of modernity and style, which is reflected in all properties developed by Nitesh Estates, gives it an edge over other real estate developers in the region. Besides, the company’s focus on high quality and design gives the properties a contemporary look and feel. Nitesh Estates strives hard to avoid redundancy and simplify properties for utmost comfort.
 
Clientele 
 
The company boasts of an extensive customer base comprising of banks, industrialists and hotels like The Ritz Carlton and high net-worth individuals like Mahesh Bhupathi.
 
Projects
 
Among many remarkable projects, The Ritz Carlton, Bengaluru, project located on the Residency Road is the crowning jewel. Some of the completed projects of the company include Nitesh Wimbledon Park overlooking the Bengaluru Turf Club's racetrack and Nitesh Mall in Indiranagar, with approximately 1.4 million sq. ft of lifestyle retail outlets in the Central Business District of Bengaluru.
 
Shareholding Pattern
 
Nitesh Estates has a three shareholding pattern, under two broad categories (Promoter & Non Promoters). Promoters and Institutional investors hold 44.20% and 31.30 % respectively.
 
Management
 
Nitesh Shetty, is the founder and chairman of Nitesh Estates.
 
Turnover
 
Not disclosed
 
Profitability
 
Not disclosed.
 

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