FAQs

We at NEL Holdings are constantly asked a host of questions by our clients, well wishers, vendors, trade partners and investors. Below are some of the frequently asked queries we receive about our business:

What is NEL Holdings?
NEL Holdings is one of India’s fast growing integrated real estate developers with currently over 22 million sq.ft. of real estate under development across India. All our projects are developed to benchmark against the best in the world and through its brand “Nitesh Estates”


 

What Does NEL Holdings do?
NEL Holdings do has a strong presence across four asset classes – Homes, Hotels, Office Buildings and Shopping Malls. NEL Holdings do offers cutting edge quality standards and executes finesse which is evident in every key landmark sculpting Bangalore’s skyline.


 

Where is NEL Holdings headquartered?
NEL Holdings is headquartered in Bangalore, India.


 

How Old is the Company?
The Company was founded in the year 2004.


 

Who are the founders of the Company?
The company was founded by  Nitesh Shetty – Founder  & Chairman of the Company.


 

Which cities is NEL Holdings present in?
Based out of Bangalore, our rapid growth has helped us expand our business to Pune, Chennai, Cochin and Goa.


 

Does NEL Holdings have any private equity investors?
Yes - NEL Holdings have many private equity shareholders, Och Ziff capital, Citigroup Property investors, Apollo Global Capital, Goldman Sachs Inc, HDFC asset management company. They are at the entity level and SPV levels.


 

What assets does NEL Holdings develop?
NEL Holdings develops state-of-the-art Homes, Hotels, Office Buildings and Shopping Malls.


 

Who designs NEL Holdings Buildings?

NEL Holdings believes in the best and global standard designs.
Our developments are designed by some of the world's best architectural designers, Interior designers and Landscape designers.


 

Is NEL Holdings a Public Limited Company?
Yes - NEL Holdings (Formerly Nitesh Estates Limited) was publicly listed in May 2010. For more details click "Investor Relations"


 

What are some of the key Projects of NEL Holdings?
Some of the world-class projects are:

- The Ritz-Carlton Bangalore - India’s finest luxury hotel at Residency Road
- Nitesh HUB - iconic landmark a shopping mall & entertainment center in upmarket Koregaon Park, Pune
- Nitesh Napa Valley - Californian living in Bangalore - villas on Airport Road
- Nitesh Park Avenue - New York Living in Bangalore - Sankey Road
- The Nitesh Mall – Bangalore’s premium shopping experience
- Nitesh Fisher Island - Ultra luxurious resort villa project at Goa
- Nitesh Logos, located off M.G.Road, at the Central Business District of Bangalore
- Nitesh Garden Enclave, winner of the prestigious "CNBC-CRISIL-CREDAI Real Estate Award 2010" for the Best Luxury Segment Residential Property in India
- Nitesh Buckingham Gate,the ultra-luxurious iconic residences at the upmarket Lavelle Road


 

Has NEL Holdings won any awards?
Yes, NEL Holdings (Formerly Nitesh Estates Limited) has won some of the most prestigious awards for its developments, some of them being the CNBC AWAAZ CRISIL CREDAI Real Estate Awards - Best Luxury Segment Residential Property, International Property Awards Asia Pacific, Best Builder of the Year etc.


 

Does NEL Holdings think of sustainable projects?
Yes - We have embraced sustainability as priority and have 2 projects currently in Bangalore - Nitesh Columbus Square and Nitesh Cape Cod as Green buildings.


 

Does NEL Holdingshave any retail projects?
Yes, NEL Holdings owns Nitesh HUB, in upmarket Koregaon Park, Pune, Maharashtra. The mall is spread over 1 million sq. ft development.
NEL Holdings is also developing Bangalore's finest Shopping Mall at Indiranagar, a 1.2 million sq ft development.


 

Does NEL Holdings have any Hotel projects?
Yes, NEL Holdings owns the only Ritz Carlton in Bangalore. This luxury Hotel – with 277 rooms is located on Residency Road Bangalore.


 

Where is the Corporate Office of NEL Holdings located?

Our Corporate Office is situated at
Nitesh Timesquare, Level 7,
#8, M.G. Road,
Bangalore - 560 001.
Karnataka,
India.