Bangalore based YoungTurk, Nitesh Shetty, Promoter of Nitesh Estates has roped in Citigroup for an ambitious $300 million retail roll out. Nitesh Estate will mark its presence with world class structures in the cities of Chennai, Kochi, Thiruvananthpuram and ofcourse Bangalore.In Bangalore, the company is building a 800,000 sft mall in Indiranagar and 200,000 sft of serviced apartments. This project is just off the 50+ International retailers landmark @ Indiranagar just off the 100 ft road. The company has roped in Seattle,WA based architects for the design of the mall.
The JV company is also developing a 350,000 sft mall on Boat Club road in Chennai. The projects in Thiruvananthpuram and Kochi will be around 600,000 sft and 300,000 sft respectively.
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