Bangalore-based real estate developer Nitesh Estates on Thursday announced the launch of "Nitesh British Columbia", a premium high rise condominium project off Kanakpura Road in South Bangalore with an investment of Rs 300 crore.

The project, aimed at the first-time home buyers, spread over an area of 4.70 acres with 388 apartments with their areas ranging from 1000 sq. ft. to 1600 sq. ft,” Nitesh Estates said in a filing to Bombay Stock Exchange.

There are 2 bedroom and 3 bedroom apartments on offer. The aparments are approximately priced at Rs. 37 lakhs, it said.

The project is located around BDA layouts and hence has connectivity with well-planned wide roads. The metro rail that is under construction along Kanakpura Road will further enhance connectivity. The project is in easy reach of NICE Road on the South and the Metro Cash & Carry landmark in the North, it added.