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Wednesday, April 7, 2010
Now, Nitesh is set to go places with its mixed use projects such as Nitesh
City in Chennai and Nitesh Wimbledon Gardens in Kochi. It is also planning to launch a project in Goa. Nitesh City will be a one million sq ft development including a luxury hotel and 100 residences associated with the hotel. Nitesh Wimbledon Gardens in Kochi will be one of South India's largest urban mixed use development covering two million square feet of homes, retail, office and service apartments. The expansion into Chennai and Kochi opens up vast business opportunities for Nitesh. Of course, the company's geographical diversification into other cities in South India also derisks the company's business as well as it would no longer be solely dependent on the Bangalore market. But even after this geographical diversification, the company would still be predominantly dependent on Bangalore. Hence any downturn in the real estate prices in Bangalore would adversely affect the fortunes ofNitesh.
City in Chennai and Nitesh Wimbledon Gardens in Kochi. It is also planning to launch a project in Goa. Nitesh City will be a one million sq ft development including a luxury hotel and 100 residences associated with the hotel. Nitesh Wimbledon Gardens in Kochi will be one of South India's largest urban mixed use development covering two million square feet of homes, retail, office and service apartments. The expansion into Chennai and Kochi opens up vast business opportunities for Nitesh. Of course, the company's geographical diversification into other cities in South India also derisks the company's business as well as it would no longer be solely dependent on the Bangalore market. But even after this geographical diversification, the company would still be predominantly dependent on Bangalore. Hence any downturn in the real estate prices in Bangalore would adversely affect the fortunes ofNitesh.
Labels: Going Places, Literally
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