Company History - NEL HOLDINGS SOUTH
The Company was originally incorporated as Nitesh Estates Private
Limited on February 20, 2004 as a private limitedcompany under the
Companies Act, in Bengaluru, Karnataka, India. The name of the
Company was subsequentlychanged to Nitesh Estates Limited by a
special resolution of the members passed at an EGM of our Company
onOctober 9, 2009. The fresh certificate of incorporation consequent
upon change of name was granted to the Company on November 3, 2009 by
the Registrar of Companies, Karnataka.
Key Events and Milestones
Month/Year Key Events, Milestones and
April, 2006 Corporate housing project for ITC
December, 2006 Citi Property Investors acquired 74.0% stake
in Nitesh Residency which is
developing the Ritz-
Carlton brand hotel
January, 2007 AMIF I Limited, a Och-Ziff Captial
Management Group entity acquired
28.98% stake in Company
May, 2007 Agreement signed to develop India's
first the Ritz-Carlton brand hotel in
Bengaluru by Nitesh
November, 2007 Won the bid for a 8.26 acre property in the
Boat Club area in the heart of
September, 2009 HDFC AMC pick up 10.1% stake in Nitesh
Housing, an SPV formed to
October, 2009 Executed MoU with Luxury Hotels
International Management Company
B.V. to set up a full-
serviceluxury international hotel and luxury
under the Ritz-Carlton brand name
February 12, 2010 BETL acquired 1.48% stake in our Company
- Nitesh Estates Ltd has appointed Mr. Ranga Iyer as an Additional
Director of the Company
-Nitesh Estates signs Rs 3bn project in Bangalore
-Nitesh Estates Ltd has acquired 51% stake in a SPV - Nitesh Urban
Developers Pvt. Ltd. (NUDPL).
-Nitesh Estates also acquired the 100% Paid Up Equity of Nitesh Kochi
Projects & Developers Pvt. Ltd. (NKPDL).
-Nitesh Estates has signed up a Joint Development agreement for
development of a Rs. 500 Cr Commercial Mall at Indiranagar,
-Nitesh Estates Ltd Signs Up Rs. 200 cr New Luxurious Residential
Project Nitesh Park Avenue at High Grounds, Sankey Road, Banglore
-Nitesh Estates Limited signs up Rs. 450 Cr. New Villament
Residential Project - Nitesh Palo Alto on the Marath
-Nitesh Estates has acquired the balance 4,900 Equity Shares from the
promoters of Nitesh Urban Development Pvt. Ltd. NUDPL is now a 100%
wholly owned subsidiary of Nitesh Estates Limited
-Nitesh Estates launches Rs. 300 Crore Nitesh British Columbia in
-Nitesh Estates Limited obtains clearances for its 5-Star Luxury
Hotel - The Ritz-Carlton, Bangalore.
-Nitesh Estates Ltd has informed regarding a titled Indias first The
Ritz-Carlton opens in Bangalore.
-- WORLDWIDE Achievers Real Estate Awards 2014.
-Nitesh Estates Ltd has signed up a Joint Development Agreement for a
new residential project which will have 262 residential Units.
-Nitesh Estates Ltd Signing of new Joint Development Agreement of
Rs.375 Cr. revenue potential.
-Nitesh Estates Launch of Nitesh Hunter Valley in Hennur Road,
Bangalore - Rs 900 Cr Project.
-Nitesh Estates acquires shopping mall in Pune.
-Nitesh Estates Ltd signing (MOU) with Goldman Sachs.
-Nitesh Estates Signing of JDA for Rs 175 Crores Residential Project