Nila Spaces Ltd: A Promising Real Estate and Infrastructure Development Company
Nila Spaces Ltd, a leading real estate and infrastructure development company, has announced a significant construction contract valued at Rs 129.25 crore. The project, set to redefine residential living in GIFT City, highlights the company's commitment to 'Power Living.'
Nila SpacesReal EstateGift CityInfrastructure DevelopmentPower LivingReal Estate NewsJun 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.
Frequently Asked Questions
What is the main focus of Nila Spaces Limited's 'Power Living' concept?
Nila Spaces Limited's 'Power Living' concept focuses on creating high-energy, purpose-driven, and wellness-oriented residential environments. Every element is designed to help residents live with intention, vitality, and balance.
What significant project has Nila Spaces announced recently?
Nila Spaces has announced a significant 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 market capitalization of Nila Spaces Limited?
As of June 05, 2025, Nila Spaces Limited has a market capitalization of Rs 424 crore.
What innovative platforms is Nila Spaces introducing in the real estate market?
Nila Spaces is introducing new property investment platforms, including studio units and fractional ownership models, and incorporating blockchain technology to enhance transaction security and transparency.
How is Nila Spaces committed to sustainability and community engagement?
Nila Spaces is committed to sustainability, community engagement, and holistic well-being. The company focuses on creating wellness-oriented environments and integrating smart city features to promote modern urban living in Gujarat and beyond.
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