Nitco Group forays into real estate

Launches Nitco Biz Park at Thane

It seems the revival in the realty market has once again started attracting big ticket investments in the sector and even the corporate in the allied business want to reap the benefits. Nitco Ltd, known for flooring and interior aesthetics solutions provider, has now marked its foray in the real estate sector with the inauguration of its first commercial project- Nitco Biz Park. While flooring & Interiors remains flagship business, Group is set to tap lucrative realty sector.

A Rs. 120-crore project, the Nitco Biz Park is a six-storey building and spread over 2 lakh sq ft of plush (office) space. Vivek Talwar, Managing Director Nitco Tiles said, “We are very proud to present our very first project. As a company closely associated with real estate for years, this marks our foray into the sector in Mumbai. The Group has the expertise and significant land holdings, which we will consolidate in the immediate future. We have been strategically developing this line of business which will soon add immense value to all our shareholders.”

Nitco Biz Park will cater to the burgeoning commercial growth being witnessed in Thane. This area has transformed into a fast growing business & commercial hub. With its diverse range of modern amenities, the Biz Park claims to provide a total holistic global corporate working environment.