Nila Spaces Pioneers Real Estate Tokenisation with VIDA Listing on Alt DRX

India’s most aspirational asset class just took a decisive step toward the mainstream. Nila Spaces announced the listing of its flagship GIFT City project VIDA on Alt DRX, making it the first tokenised asset in the platform’s newly launched “Gujarat Tri-City Investment Opportunity.” For the first time, resident Indians can own a slice of GIFT City’s skyline starting at the equivalent of just one square foot, bringing institutional-grade residential real estate within reach of millions.

Residential real estate remains India’s most coveted investment, with an estimated 70–80% of households aspiring to include it in their portfolio. Yet the door has stayed firmly shut for most. Ticket sizes of ₹75 lakh to ₹3 crore in India’s top urban markets, multi-year lock-ins, and near-zero liquidity have kept quality property a rich man’s game. Property tokenisation changes the arithmetic — turning illiquid, chunky, paperwork-heavy assets into tradeable digital real estate that middle India can actually participate in.

The VIDA listing tackles each of these barriers head-on. By enabling micro-ownership down to 1 SQFT, the entry bar drops from crores to coffee money. A digital transaction layer replaces months of paperwork with minutes of settlement, giving investors the flexibility to enter and crucially, to exit, when it suits them, not when a buyer happens to show up.

What doesn’t change is the thing that matters most: every token is anchored to a tangible, stamp-duty paid, legally enforceable piece of real estate. Investors get the steadiness of bricks and mortar and the agility of a digital asset — without drifting into the speculative instruments that have burned Indian savers before.

Speaking on the development, Deep Vadodaria, MD & CEO, Nila Spaces, said, “Our vision is simple — every Indian should have access to real estate as part of their investment portfolio. Through this model, investors can diversify meaningfully by participating in premium developments with as little as one square foot in digital ownership. It opens the door to capital appreciation while being anchored in a real, underlying asset, making it far more grounded than purely speculative avenues. With VIDA on Alt DRX, we are enabling broader participation in GIFT City’s growth story.”

Adding to this, Avinash Rao, Co-Founder of Alt DRX, said, “At Alt DRX, our focus has been on making investments into housing assets more inclusive, liquid, and technology-driven. The listing of VIDA as the first marquee asset in our Gujarat Tri-City Investment Opportunity reflects a growing demand among investors across India to access high-quality assets in Gujarat’s high-growth real estate corridor — Ahmedabad, Gandhinagar, and GIFT City — without the constraints of large capital commitments. By combining trusted developers like Nila Spaces with our digital infrastructure, we are enabling a more flexible, transparent, and efficient way for Indians to participate in real estate ownership.”

For the first time, a retail investor in Surat, Nashik, or Kochi can own a stake in the same GIFT City tower that once required a crore-plus cheque. The ticket size shrinks; the asset class doesn’t. That is the difference between fractional tokenised digital exposure and genuine ownership — and it is what turns real estate from a privilege into a product.

The integration of Alt DRX’s digital infrastructure with Nila Spaces’ development capabilities ensures a seamless investor journey — from onboarding to ownership management — bringing greater transparency, accessibility, and ease to real estate investing.

As GIFT City continues its evolution into India’s global financial hub, initiatives like this are expected to redefine how individuals engage with property: not as a once-in-a-lifetime purchase, but as a flexible, technology-enabled building block of every portfolio.

The current Nila VIDA tokenised asset listing, denominated in Indian Rupees, is outside the regulatory purview of the International Financial Services Centre Authority (IFSCA). Independent of this initiative, Alt DRX continues to work closely within the ambit of IFSCA’s sandbox and is in the process of seeking consent for limited user testing of USD-denominated offshore assets.