Nitesh Estates' new residential project situated near the IT hub of Bangalore is expected to fetch revenue of Rs 300 crore in the time span of next two-three years.
Ashwini Kumar, chief operating officer (COO), Nitesh Estates, in an interview to CNBC-TV18 that total cost of this project would be around Rs 200 crore. The company is planning to launch this project towards end of September. Also Read: Dismal quarter, but robust year says Nitesh Estates Below is the edited transcript of Kumar's interview with of CNBC-TV18. Also watch the accompanying video. Q: We are not getting very positive vibes from the IT space. They are as yet not complaining of lower sales but there is a potential lower sales fear. Have you seen that getting reflected in terms of more tepid demand in cities of Bangalore or Chennai? A: I have not seen scare in the consumer confidence. As far as the industry as a whole is concerned there seems to be a scare, but it hasnDiscover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
