Nitesh shetty bangalore time
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Nitesh Shetty a rising star in the Indian hotel industry
He is among a growing tribe of well-heeled Indians who can spend a fortune on the niceties of life, and that includes food. For people like him, the days of conservative eating habits and feeling that money spent at restaurants was a waste are decisively over. Shetty fondly recalls an exotic dinner with the Carlton folks at the Nobu in Tribeca, New York.
So when Shetty decided to build the Carlton, he naturally thought of roping in the best restaurants and chefs in the world. For the past few months he has been chasing the Japanese power-dining brands Nobu and Hakkasan, and Michelin multi-starred chefs like Alain Ducasse.
Shetty says frankly that getting in names like these creates a buzz around the hotel. But it can happen, he notes, because clients here are ready to upgrade their lifestyles to such brands and, besides, the brands themselves are keen: “It gives an opportunity to some of the best o
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Aged 30, he has 4,000 apartments under construction in the city, with plans to expand his operations into Calcutta, Mumbai and New Delhi.
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 |
He then persuaded the bank to rent the ground floor - which covered his interest payments - and he never looked back.
Mr Shetty told the BBC there was no shortage of foreign investors eager to take a stake in India's real estate boom.
He has named all his luxury apartment co
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Architect of Stylish Accomplishments
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