Nitco Tiles plans to develop realty projects in Mumbai

Hyderabad: Nitco Tiles ltd is in the process of investing about Rs 1,000 crore in three real estate ventures in Mumbai.
The company expects to commence work on a Rs 700-crore, nine lakh sq. ft residential property venture in two months. Another Rs 300-crore project will also be taken up later this year. Nitco has about 100 acres near Mumbai which would be used for the project.