Bangalore / Bengalooru based Nitesh Estates has raised $ 55 Million by diluting 25% stake in the company. Och-Ziff, UK based hedge fund manager is the investor.Nitesh Estate is promoted by Nitesh Shetty and is developing several projects including a 5 star hotel in Bangalore at an estimated cost of Rs 500 crores. The developer is also building a SEZ in Mangalore and several residential projects.
Earlier, JP Morgan invested $60 million in Lodha Bellissimo in Mumbai.
Tags: India Real Estate, Bangalore Real Estate, Private Equity Real Estate, Private Equity India
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