India: Nitesh Estates to sell two land parcels for $32m to pare debt

India: Nitesh Estates to sell two land parcels for $32m to pare debt

Bengaluru, India. Photo by Dinker Gulati on Unsplash.

Bengaluru-based developer Nitesh Estates Ltd on Wednesday said that it has signed agreements to sell and exit two land parcels in the city for Rs227 crore, which is in line with its plan to monetize assets to pare debt.