Deals7 Feb 2024, 12:15 am
NILA INFRASTRUCTURES LTD. RECEIVES LETTER OF INTENT FOR CONSTRUCTION WORK OF SLUM REHABILITATION
AI Summary
The company has received a Letter of Intent from Ahmedabad Municipal Corporation for the construction and development of residential units by rehabilitating slums at Ahmedabad, on PPP basis, with a total development cost of INR 10.92 Crore. The company will receive Transferable Development Rights (TDR) of INR 8.16 Crore and Land Premium of INR 2.76 Crore as consideration.,
Key Highlights
- Construction of residential units by rehabilitating slums on PPP basis
- Total development cost of INR 10.92 Crore
- Receipt of Transferable Development Rights (TDR) of INR 8.16 Crore and Land Premium of INR 2.76 Crore