Xander Group has invested Rs 300 crore in a project being developed by Bangalore-based realtor, Nitesh Estates.
Nitesh Estates is constructing a project in the retail segment spread over eight acre land in Koramangala, a retail and commercial hub in Bangalore. The project is part of the company's expansion plans in the commercial real estate space.
The required land for the project has already been acquired by the company at a cost of Rs 380 crore.
Recently, Xander unveiled its plan to invest in Bangalore-based realtor, Century Real Estate, as well as to invest upto $100 million (approx Rs 622.2 crore) in Mantri Real Estate.