Nitesh shetty bangalore days

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    By Steve Schifferes
    Economics reporter, BBC News, Bangalore


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    Nitesh Shetty may be Bangalore's youngest property billionaire.

    Aged 30, he has 4,000 apartments under construction in the city, with plans to expand his operations into Calcutta, Mumbai and New Delhi.

    Nitesh shetty bangalore days

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  • And he has just sealed a $100m deal with Citigroup to build Bangalore's latest luxury hotel, the Ritz Carlton.

    Having dropped out of university to pursue a career as a tennis pro, he began his career by selling billboard space in Bangalore, after getting a 10,000 rupee ($226, £115) loan from his mother.

    At 23, he borrowed 500,000 rupees ($11,000) to turn a house in central Bangalore into an office block.

    Nitesh Shetty got rich in Bangalore's booming property market

    The home was owned by an old widow, and he gave her a 50% stake