{"id":1436,"date":"2017-03-27T17:24:46","date_gmt":"2017-03-27T11:54:46","guid":{"rendered":"https:\/\/www.propstack.com\/news\/?p=1436"},"modified":"2017-03-27T17:24:46","modified_gmt":"2017-03-27T11:54:46","slug":"nitesh-estates-to-build-5-million-sq-ft-office-space-in-bengaluru-in-3-years","status":"publish","type":"post","link":"https:\/\/www.propstack.com\/news\/nitesh-estates-to-build-5-million-sq-ft-office-space-in-bengaluru-in-3-years\/","title":{"rendered":"Nitesh Estates to build 5-million sq ft office space in Bengaluru in 3 years"},"content":{"rendered":"<p>Property developer Nitesh Estates said it will move heavily into commercial real estate with plans to set up Grade A office space of about 5 million sqft in Bengaluru in the next three years.<\/p>\n<p>Nitesh, which has so far focused on residential projects for the middle and high income groups, will invest about Rs 1,500 crore, across multiple commercial projects to be funded by a mix of debt, equity and private equity. Rs 300 crore has already been deployed.<\/p>\n<p>The company plans to set up 0.45 million sqft office spaces in the central business district of the city and in a land parcel between Electronic City and Outer Ring Road. &#8220;We would like to address the lack of Grade A office space in the city,&#8221; Mahesh Laxman, chief executive of Nitesh&#8217;s commercial &amp; rental business, said.<\/p>\n<p>&nbsp;<\/p>\n<p>Read more:\u00a0<a href=\"http:\/\/realty.economictimes.indiatimes.com\/news\/commercial\/nitesh-estates-to-build-5-million-sq-ft-office-space-in-bengaluru-in-3-years\/57821585\" target=\"_blank\">The Economic Times<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Property developer Nitesh Estates said it will move heavily into commercial real estate with plans to set up Grade A office space of about 5 million sqft in Bengaluru in the next three years. Nitesh, which has so far focused on residential projects for the middle and high income groups, will invest about Rs 1,500\u2026 <span class=\"read-more\"><a href=\"https:\/\/www.propstack.com\/news\/nitesh-estates-to-build-5-million-sq-ft-office-space-in-bengaluru-in-3-years\/\">Read More &raquo;<\/a><\/span><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4,2],"tags":[221],"class_list":["post-1436","post","type-post","status-publish","format-standard","hentry","category-bangalore","category-city","tag-nitesh-estates"],"_links":{"self":[{"href":"https:\/\/www.propstack.com\/news\/wp-json\/wp\/v2\/posts\/1436","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.propstack.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.propstack.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.propstack.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.propstack.com\/news\/wp-json\/wp\/v2\/comments?post=1436"}],"version-history":[{"count":1,"href":"https:\/\/www.propstack.com\/news\/wp-json\/wp\/v2\/posts\/1436\/revisions"}],"predecessor-version":[{"id":1437,"href":"https:\/\/www.propstack.com\/news\/wp-json\/wp\/v2\/posts\/1436\/revisions\/1437"}],"wp:attachment":[{"href":"https:\/\/www.propstack.com\/news\/wp-json\/wp\/v2\/media?parent=1436"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.propstack.com\/news\/wp-json\/wp\/v2\/categories?post=1436"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.propstack.com\/news\/wp-json\/wp\/v2\/tags?post=1436"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}