Nitesh HUB is a shopping mall in Pune. Bengaluru based developer Nitesh Estates, which built India's first Ritz Carlton hotel, has bought Israeli billionaire Mordechai Zisser's 1-million-sq-ft Plaza Centre Mall in Pune for Rs 300 crore Initially, the project was a joint venture between Plaza Centers India (owned by Elbit Imaging Ltd of Israel) and local businessman Avinash Bhosale. While the project was still in construction, Plaza Centers bought out its partner Bhosale for US$20 million to gain complete control of the project. It was formally opened in March 2012.