History

Nitesh Estates started with a small dream of one individual- to be in the real estate space. It didn’t take long for this dream to grow wings and evolve into a strong vision. A vision to achieve absolute perfection in all endeavors.

2004

  • The Company was incorporated as private limited company under the Companies Act, in Bangalore, Karnataka, India

  • Started development of  the first property Nitesh Broadway, Office building on MG Road, Central Business District, Bangalore

  • The company started with one individual

2005

  • Commenced development of Nitesh Timesquare Office building on MG Road, Central Business District, Bangalore

  • Signed Nitesh Wimbeldon Park, a luxury residential development on prime Race Course Road in Central Business District, Bangalore

  • Signed Nitesh Mayfair, luxury homes off Lavelle Road, Bangalore

  • The team grew to 5

2006

  • Launch of Nitesh Forest Hills, a high-rise condominium development in Whitefield – suburbs of Bangalore

  • Completed Nitesh Timesquare, Office building on MG Road, Central Business District, Bangalore

  • Signed a ‘built to suit’ Development for ITC ltd,one of indias largest built to suit corporate housing projects.

  • Agreement to develop the first Ritz Carlton in India. Located on Residency Road, Bangalore

  • Och-Ziff Capital Management Group took a stake at the entity level

  • Citi Property invested $90mil into a Nitesh Estates SPV which has developed The Ritz- Carlton hotel in Bangalore

  • The team grew to 30

2007

  • Won the bid for a 8.26 acre property in the Boat Club area in the heart of Chennai

  • Handed over Nitesh Mayfair located in the heart of Bangalore’s Downtown on Kasturba Road

  • Handed over Nitesh Wimbledon Park a luxury residential development on Race Course Road Bangalore

  • The team continued to grow – now at 75

2008

  • Launch of Nitesh Central Park premium condominiums located on Bellary road, North Bangalore

  • Handed over Nitesh Forest Hills in Whitefield Bangalore

  • Handed over Nitesh Garden Enclave – ITC Homes one of India’s biggest built-to-suit corporate housing enclave developed on airport road Bangalore

  • The team multiples to a headcount of 150

2009

  • HDFC AMC pick up 10.1% stake in Nitesh Housing, an SPV formed to develop projects

  • Handed over Nitesh Buckingham Gate a Bangalore’s prime Downtown, Lavelle Road

  • There is no looking back as the team continues to grow – 200

2010

  • Nitesh Estates goes public on the Bombay Stock Exchange (BSE) and raises $70 mil

  • Launch of Nitesh Columbus Square premium condominiums gold rated green building in North Bangalore

  • Launch of Nitesh Hyde Park, a premium condominium located at South Bangalore on Banerghatta Road

  • Launch of Nitesh Ceasers Palace, located in the fastest growing locality South Bangalore on the Kanakapura Main Road,  a modern development for young urban India

  • BETL acquired 1.48% stake in the Company

  • Headcount is now 215

2011

  • Signed up a Joint Development agreement for development of a Rs. 500 Cr Commercial Mall at Indiranagar, Bangalore

  • Signed Up Rs. 200 cr., new Luxurious Residential Project – Nitesh Park Avenue at High Grounds, Sankey Road, Bangalore

  • Nitesh Estates implemented SAP joining the elite league of companies which run standard ERP software’s across different functions

  • Launch of Nitesh Cape Cod high-rise apartments on Sarjapur- Marathahalli Outer Ring road, Bangalore

  • Nitesh Estates, receives CNBC Awaz award for Nitesh Garden Enclave, Bangalore in the Best Luxury Segment Residential Property in India held at Marina Bay Sands in Singapore

  • Headcount is now 230

2012

  • Launch of villas Nitesh Napa Valley, Airport Road, North Bangalore – California living brought to Bangalore

  • Completed Nitesh Lexington, Office building on Brigade Road, Central Business District, Bangalore

  • The team is now 250

2013

  • Launch of Nitesh Long Island – premier plots at Devanahalli in a gated community on Airport Road, Bangalore, in proximity to the Bangalore International Airport

  • Launched Nitesh British Columbia, just off Kanakapura road in South Bangalore

  • Launch of Nitesh Logos exclusive luxury homes designed to meet most discerning needs, on Aga Abbas Ali Road CBD Bangalore

  • Completed construction of The Ritz-Carlton, in downtown Residency Road, Bangalore and opened it to public on 31 October

  • Launch of Nitesh Fisher Island super stylish premium resort villas, in Cavellosim South Goa

  • Added 50 more making the headcount 300

2014

  • Launch of Nitesh Park Avenue the architecturally stunning tower at Bangalore’s most sought-after location – Sankey Road, Bangalore

  • Launch of Nitesh Virgin Island, located in East Bangalore on Old Madras Road, a development of premium condominiums, with easy access to Whitefield

  • Launch of Nitesh Chelsea, a high-rise premium condominium development a prime location on Hosur Road Bangalore in the vicinity of Electronic City, the hub of IT parks

  • Launch of Nitesh Melbourne Park on Hennur road, Northern part of Bangalore, premium condominium for those who enjoy an Aussie lifestyle in India

  • Launch of Nitesh Plaza, on Commisariat Road, Central Business District, Bangalore

  • Received the International Property Awards Asia Pacific, for Nitesh Napa Valley “Highly Commended Landscape Architecture, India”

  • Introduction of Documentation Management System (DMS), storing documents on the cloud

  • Recognized by Track2Realty’s Brand X Report 2014-2015as a ‘top 10’ developer in the ‘Hospitality’ segment across India – for The Ritz-Carlton, Bangalore

  • Recognized in the Track2Realty’s Brand X Report 2014-2015 for scaling new heights across Asset Classes

  • Travel+ Leisure recognizes The Ritz-Carlton, Bangalore as Number 1 Business Hotel in India

  • GeoSpa Asia Spa-India Awards  – Best New Spa (Hotel) The Ritz Carlton, Bangalore

  • Conde Nast Readers Travel Awards : Favourite New Business Hotel in India

  • Times Food Award : The Lantern Best Chinese Restaurant

  • Almost doubled the headcount to 550

2015

  • Launch of Nitesh Knightsbridge, Palace Orchards  (Sadashivnagar) Bangalore. A resplendent blend of contemporary architecture and state-of-the-art luxury homes

  • Launch of Nitesh Rio premium plots in a gated community located on Kanakapura Road, in the heart of South Bangalore’s fastest growing neighborhood

  • Launch of Nitesh Hunter Valley an integrated gated conclave off Hennur Road in the Northern part of Bangalore

  • Launch of Nitesh Soho – exclusive homes and office space in downtown Bangalore, on Ali Asker Road

  • Hand over of 234 units Nitesh Flushing Meadows Whitefield Bangalore

  • Hand over phase 1 of Nitesh Hyde Park

  • Nitesh Estates buys Nitesh HUB located in upmarket Koregaon Park, Pune for  for Rs 250 crore

  • Nitesh Estates signs partnership platform pact with Goldman Sachs for $300 million

  • Received the Highly Commended Asia Pacific Property Award – hotel interiors category for The-Ritz Carlton, Bangalore

  • Received the Times Food Awards for  “Bang – Best Alfresco Bar”

  • “The Market” received an award for the Best All Day Dinning restaurant

  • Stand strong at 700 employees

2016

  • Completed Nitesh Logos luxury development on Aga Abbas Ali Road in downtown Bangalore

  • Entered into a joint development to develop high rise homes Nitesh Menlo Park on Mysore Road, West Bangalore

  • Entered into a joint development to develop condominiums in North Bangalore called Nitesh Santa Clara

  • Partnered with Virat Kohli – ace cricketer, to be our Brand Ambassador. Virat is an Indian International cricketer who currently captains the Indian team In Test Cricket and is the Vice Captain in the limited overs format

  • Nitesh Estates logo evolves, launch of new logo

  • Nitesh Fisher Island awarded A+ rating in Track2Realty Investment Magnet Report 2015. Identified as one of India’s top luxury projects.

  • Sold a 4 acre land parcel in Kochi, Kerala for Rs. 26.5 CR.

2017

  • Formal inauguration of Nitesh HUB, shopping mall at Koregaon Park, Pune

  • Received approvals for plan of Nitesh Chelsea a 4,10,000 sq. ft A grade office space @Upper Koramangala, Hosur Road, Near Silk Board Junction Bangalore

  • Nitesh Estates is recognized as one Asia’s Greatest Brands and Mr. Nitesh Shetty Founder and Chairman Nitesh Estates is one of Asia’s Greatest Leaders. An award audited by PWC. We were commended with these titles at Marina Bay Sands Singapore.