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Nitesh Estates has obtained approval from the Bangalore Development Authority for its Nitesh Virgin Island project. The project is spread across around eight acres of land and will consist of high-rise towers with high-class residential units, aggregating to over a million sq ft of development. The project will yield a turnover of around ₹370 crore to the company, Nitesh Estates informed the exchanges. Shareholders of Nitesh Estates will closely monitor the development.
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