Who We Are
NEL Holdings is a first generation Real Estate company headquartered in Bangalore – India.
NEL Holdings with its brand “Nitesh Estates” is one of India’s most well recognized luxury real estate brands known for its superior designs, cutting-edge facades, classy interiors, sophisticated landscaping and attention to detail across its developments.
The Company was founded by First generation entrepreneur – Nitesh Shetty in 2004 and is nationally acclaimed Real Estate Development Company.
The Company is focused on Office Buildings, Hotels, Homes and Retail.
Setting new standards in Indian Real Estate, Nitesh Estates has earned a stellar reputation for its dedication to the development of superior quality properties distinguished by sophisticated design and First class amenities.
The Company developed one of India largest corporate housing projects for ITC Limited.
The Company also brought the global luxury chain The Ritz Carlton Hotels to India and developed and owns India’s first Ritz Carlton in Bangalore.
The Company owns and operates a portfolio of iconic properties. Our portfolio includes office, retail, family homes and hotels.
The Company forayed into retail and shopping malls by acquiring a 1 million sq. ft A grade shopping mall from an Israeli multinational
The Company has a few firsts to its credit. It was one of the first developers in India to attract foreign direct investment (FDI) in real estate with investor like Och Ziff. This was followed by investment by Apollo Global Capital, Citigroup Property Investors, HDFC Asset Management Company and Goldman Sachs Inc.
The company is currently focusing on the Commercial and Rental portfolio, with plans to expand the A- grade office space by 5 million sq. ft. over the next 3 years.
NEL Holdings with its brand “Nitesh” is run by a set of experience Professionals and thrives on achieving its ambitious growth plans.