Deals5 Jun 2025, 04:25 pm
Nila Spaces' Subsidiary Awards ₹129.25 Crore Contract to Riveria Infrastructures for Premium Residential Project at GIFT City
AI Summary
Nila Spaces Limited announced that its wholly owned subsidiary, Nila Urban Living Private Limited, has awarded a ₹129.25 crore construction contract to Riveria Infrastructures Private Limited for an upcoming premium residential development at GIFT City. The project, located on a prime plot, is a significant milestone in Nila Spaces' vision of Power Living and is designed to promote relaxation, rejuvenation, and high performance. The construction is expected to be completed over 27 months.
Key Highlights
- Nila Urban Living Private Limited awards ₹129.25 crore construction contract to Riveria Infrastructures Private Limited.
- Project located at GIFT City, a prime location in Ahmedabad, Gujarat.
- Construction contract includes core and shell construction of residential towers.
- Project scheduled for completion over 27 months from the date of commencement.
- Nila Spaces aims to set new standards in sustainability, community engagement, and holistic well-being with this project.