NItesh Estates review: Stay far away from Nitesh Estates 13

I too agree that Nitesh Estates is here to cheat and run away with all the money. He has a god father in his family, who helped him get the funding from few funds/ financial instituton to invest in his scrip. Else it was not even 10% subscribed by other individual investors etc. Being Planning Commision chairmans son in law helps? Gove shall look into this. SHall write to Anna Hazare on this.
Investors beware.

LS Vaidyanathan & Nitesh Shetty are both siphoning funds out. They are big frauds, manupulators and crooks. They are cheating everybody including buyers, contractors, brokers amd most of all thier company employed staff themselves. The hotel is also not being completed on time. Cheats> Beware.

The company listed at 55 rupees, and promoters have pledged it at that price. now they are accumulating from market at 15-20% of the price.

no fundamentals. only political connections.

Nitesh Estantes do not keep their promises.rojec
Owners of Nitesh Hyde Park project on Bannerghatta road are chasing their COO and VP on almost daily basis and they hardly reply.
Plan is deviated from proposed one
Latest news is they called for first 3 floors (from entire project worth 12 floors X 6 towers) for inspection and asked for final amount and one year's advance maintenance where there is no power, electricity and water.

If you are seeing any of their project which are ready to move rightaway. Go for it if you like the project. But for the projects which ( per their words) are even one month away (as per their words), do not go for it.

I have booked a flat in 2011 and was told that possession is in Dec 2012. Even today (Nov 2014) I have not got the possession.

No point in believing Nitesh Estates.

We shifted to Bangalore few months back and were looking for a house with good facilities and in a good locality. We visited one of Nitesh apt in Whitefield and we liked the locality, amenities and the design.

The WORST POSSIBLE REAL ESTATE COMPANY in the world. DON'T FALL INTO THEIR TRAP. Worst possible management and customer support. There are definitely better options available in the market. Don't even think of investing in their projects. They are BRANDED CHEATERS.

I invested in one of their projects. They kept on sending same updates every month, without showing any progress. Their customer support is horrible. They hide everything from you and invent new excuses every time you inquire. I've been badly burnt. Kick those "B A S T A R D S" out of the market.

Nitesh Estates is by far one of the most successful builders in Bangalore. But that's where the catch lies. The success and all the other buildings have been laid on the money looted from common man. An extremely unethical company with no professionalism either from the CRM or the Finance team. The rest of the management, of course, is not within anyone's reach. I booked a flat in Nitesh Estates British Columbia last year on the 15th floor. I paid a booking amount of 5.76L and i was told after a few months that they didn't get permissions for that floor. I didn't want any other flat and so chose to withdraw my application. It's almost been an year and they still haven't given me back my money. This is how they exploit and harass. I would wonder why 5.76L would be such a big deal for them. Even if it is, who cares? It's not their money, so they ought to return it. But principles like those apply for ethical people. People without greed and with right conscience should boycott such builders. It's only a matter of time before you or your children or your parents will meet the same fate.

We booked a flat during pre-launch of Nitesh Hunter Valley in May 2015. After a year Nitesh Estates inform us that permissions are delayed. We requested for refund of advance, so far there has been no response. We are beginning to feel that the Management of Nitesh Estates is not being fair. We are planning to file legal case against them shortly.

Nitesh Estate and the team, esp Senior employees are cheats. They do not pay vendors who has sincerely worked on their projects. I REQUEST ALL THE VENDORS NOT TO PARTNER WITH THEM. THEY ARE SUPER CHEATS AND THEY HAVE NO MONEY TO PAY YOU.. THERE QUALITY OF CONSTRUCTIONS ARE VERY POOR. OTHER THAN FANCY NAME OF THE PROJECT, THEY HAVE NOTHING CREDIBLE !

this company started like as if it was some god in Bangalore same way as unitech unitech toook office in lavell road and shut its doors this one took office on mg like some big shot both are frauds even hdil has 500 cases of lawsuits and duped 7 real estate buyers just like unitech what is wrong with people buying scam stocks and loosing all their money now the assests of the unitech promoter are being sold off to liquidate proceeds after the md was arrested by cbi all jewllery stocks like pcj vakrangee unitech hdil are all major frauds the exchange keeps them trading just like kfa till the last moment and just like surya pharma bans for years sucks more and bans again same case of radann media works cbi arrest

Nitesh estate owner is related to Padma awardee Vijay L kelkar, may be through his connections Nitesh Shetty is very confident of getting away with all the court cases and financial fraud. Vijay L kelkar is known as father of Indian GST and Nitesh Shetty will be remembered as king of cheaters. I lost 1cr to him

Nitesh Shetty is a fraud and unfortunately he is SIL of Padma awardee Vijay L kelkar, if Mr kelkar respect Indian law he should advice his SIL not to cheat fellow indians