Deals7 Oct 2025, 10:41 pm
Nila Infrastructures Ltd. Receives Work Order for Slum Rehabilitation Project in Ahmedabad
AI Summary
Nila Infrastructures Ltd. has received a Letter of Intent (LOI) from the Ahmedabad Municipal Corporation (AMC) for the development of a slum rehabilitation project named 'Kajimiya ni Chali'. The project involves the construction of 728 housing units and 25 commercial shops. The total development cost of the project is INR 105.02 Crore, for which the company will receive Transferable Development Rights of INR 56.51 Crore and balance free sale land admeasuring 4209.61 sq. mtrs amounting to INR 48.51 Crore. The project is awarded under the Slum Rehabilitation and Redevelopment Policy 2013 pursuant to Pradhanmantri Awas Yojna under PPP basis.
Key Highlights
- Nila Infrastructures Ltd. has received a work order for a slum rehabilitation project in Ahmedabad.
- The project involves the construction of 728 housing units and 25 commercial shops.
- The total development cost of the project is INR 105.02 Crore.
- The company will receive Transferable Development Rights of INR 56.51 Crore and balance free sale land admeasuring 4209.61 sq. mtrs amounting to INR 48.51 Crore.
- The project is awarded under the Slum Rehabilitation and Redevelopment Policy 2013 pursuant to Pradhanmantri Awas Yojna under PPP basis.