A Small Company’s Big Break
Nila Spaces Limited, a lesser-known real estate firm with a stock price under Rs 12, is grabbing headlines after securing a massive $129.25 crore (Rs 129.25 crore) contract. The deal, awarded through its subsidiary Nila Urban Living Private Limited to Riveria Infrastructures Private Limited, is for a premium residential project in GIFT City, India’s first smart city. This win puts Nila Spaces on the map, showing it can take on major projects despite its small size.
High-End Homes in a Smart City
The project involves building the core and shell of residential towers on a prime plot in GIFT City’s Special Economic Zone (SEZ). Last year, Nila Urban Living won this land with a record-setting bid of Rs 6,557 per square foot, the highest land price ever in Gujarat. The towers will offer modern, sustainable homes designed for luxury and convenience. The company plans to complete the project in 27 months, creating a new standard for urban living.
Why Investors Are Excited
Nila Spaces’ stock is a penny stock, but it’s been a standout performer, delivering over 147% returns in the past year, far outpacing the BSE Sensex Index’s 21% growth. This new contract could drive the stock even higher, as it proves Nila Spaces can compete for big-ticket projects. Investors are drawn to the company’s focus on eco-friendly designs and its potential for future growth in India’s booming real estate market.
Project Snapshot
Here’s a quick look at the GIFT City project details:
| Detail | Information |
|---|---|
| Contract Value | Rs 129.25 crore ($129.25 crore) |
| Contractor | Riveria Infrastructures Private Limited |
| Location | GIFT City, Special Economic Zone (SEZ) |
| Land Cost | Rs 6,557 per square foot |
| Timeline | 27 months |
| Project Type | Premium residential towers (core and shell) |
Redefining Urban Living
Nila Spaces is all about creating homes that inspire. CEO Deep Vadodaria calls their approach “Power Living,” focusing on wellness, community, and sustainability. This GIFT City project is their second major venture in the area, building on the success of their VIDA project. By blending modern design with eco-conscious planning, Nila Spaces is carving out a niche in India’s fast-growing real estate scene.
A Bright Future Ahead
This $129.25 crore deal is a turning point for Nila Spaces. It shows the company can handle high-value projects in a competitive market like GIFT City, known for its cutting-edge infrastructure. For investors, this penny stock offers a rare chance to get in on a company with big potential at a low price. As Nila Spaces continues to grow, it’s proving that small stocks can make a big splash in the real estate world.
