Nila Spaces Limited: A Promising Penny Stock Under Rs 12 with Major Real Estate and Infrastructure Projects
Nila Spaces Limited, a leading real estate and infrastructure development company, has secured a significant construction contract worth Rs 129.25 crore. This project in GIFT City, India's first smart city, aligns with the company's vision of 'Power Living' and is set to redefine residential standards in Gujarat.
Nila Spaces LimitedReal EstateInfrastructure DevelopmentGift CityStock MarketReal EstateJun 06, 2025
Set to be completed in 27 months, the project aims to redefine residential living standards within Gujarat’s growing real estate landscape. Deep Vadodarla, CEO of Nila Spaces Limited, said, 'This project is a powerful expression of what we call Power Living—where every element is designed to help residents live with intention, vitality, and balance. With this new development at GIFT City, we're not just building homes—we're crafting a lifestyle that redefines what it means to thrive in a modern city. We're excited to work with Riveria Infrastructure to bring this vision to life and set a new benchmark for residential development in India's first smart city.'
Nila Spaces Limited, incorporated in 2000, is a real estate company specializing in residential and commercial projects. Part of the Ahmedabad-based Sambhaav Group, the company emerged after the demerger of Nila Infrastructures Ltd’s real estate arm. It is known for executing projects for government and semi-government entities as well as turnkey civic urban infrastructure developments. Its portfolio includes prime real estate in and around Ahmedabad, notably the luxurious VIDA residential scheme at GIFT City. The VIDA project features architectural designs by internationally renowned firms and amenities like SKY Park, offering over 65,000 sq. ft. of facilities, including twin tower connecting sky bridges.
In FY23, Nila Spaces derived 29 per cent of its revenue from construction projects, 53 per cent from interest income, 7 per cent from profit on the sale of fixed assets, and 11 per cent from other non-operating income. The company is also innovating with new property investment platforms, including studio units and fractional ownership models. Additionally, Nila Spaces is incorporating blockchain technology to improve transaction security and transparency in real estate dealings.
As of June 05, 2025, Nila Spaces Limited shares were trading at Rs 10.97, down from a 52-week high of Rs 19.4 but above the 52-week low of Rs 7. The company has a market capitalization of Rs 424 crore and has delivered a 1-year return of 40.23 per cent and an impressive 3-year return of 221.49 per cent, within the Small-Cap and Mid-Cap space. Its Price-Earnings (PE) ratio stands at 29.36. Prominent public shareholders include Shobha Imtiyaz Desai (1.59 per cent), Nivedita Ritesh Oswal (1.05 per cent), and the Investor Education and Protection Fund (IEPF) with a 1.01 per cent stake.
Nila Spaces is committed to sustainability, community engagement, and holistic well-being, positioning itself as a socially responsible brand in India’s evolving real estate ecosystem. Its focus on wellness-oriented environments and integration of smart city features underlines its approach to modern urban living in Gujarat and beyond.
Disclaimer: The article is for informational purposes only and not investment advice.
Frequently Asked Questions
What is the recent major project awarded to Nila Spaces Limited?
Nila Spaces Limited has been awarded a construction contract valued at Rs 129.25 crore for the core and shell construction of residential towers in GIFT City, India's first smart city.
What is the concept of 'Power Living' promoted by Nila Spaces Limited?
Power Living is a concept where every element in the residential environment is designed to help residents live with intention, vitality, and balance, redefining what it means to thrive in a modern city.
What is the market capitalization of Nila Spaces Limited?
Nila Spaces Limited has a market capitalization of Rs 424 crore.
How has Nila Spaces Limited performed in the stock market recently?
Nila Spaces Limited shares were trading at Rs 10.97 as of June 05, 2025, with a 1-year return of 40.23 per cent and a 3-year return of 221.49 per cent.
What innovative approaches is Nila Spaces Limited implementing in its real estate projects?
Nila Spaces Limited is innovating with new property investment platforms, including studio units and fractional ownership models, and incorporating blockchain technology to improve transaction security and transparency.
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