What we do Nila Spaces Ltd is a real estate developer focused on residential and commercial projects, emphasizing affordable housing and premium developments in Gujarat, India. |
Founded in 2,000 |
Market share Significant player in Gujarat's affordable and premium housing markets with a land bank of 18+ acres and 47 lakh sq.ft. development potential. |
Problem solved Addresses housing shortages by developing affordable to luxury residential spaces with modern amenities and PMAY benefits. |
Top clients or who we serve Residential buyers in affordable and premium segments; operates B2C focusing on end-users and investors. |
Key management - |
Our journey and innovations Evolved through name changes since 2000; acquired key real estate assets via demerger; developing India's first operational Greenfield Smart City residential projects in GIFT City. |
Where we operate Primarily in Gujarat, India, with major projects in Ahmedabad and GIFT City Gandhinagar. |
Top products or what we offer Real estate development including affordable, premium, luxury residential apartments; commercial co-working spaces; end-to-end project management. |
Top brands - |
Raw materials needed Construction materials such as cement, steel, and land development resources. |
Raw materials supplier - |
Recurring vs cyclical contribution Revenue primarily cyclical based on project completion and sales phases. |
Our industry position Established regional developer with strong presence in Gujarat's real estate market and emerging sectors like GIFT City development. |
Financial highlights FY 2024-25 revenue: ₹135.8 crore; net profit: ₹14.67 crore; 50% YoY revenue growth; improving EBITDA margins. |
Geographical revenue split Revenue mainly from Gujarat, India. |
Order book - |
Whats driving growth Strong demand for affordable and luxury housing, smart city projects, urbanization, government housing schemes. |
Our future plans Develop luxury residential project 'VIDA' at GIFT City; expand affordable housing; strengthen land bank. |
Our green promise Operational in India's first Greenfield Smart City with sustainability and green infrastructure focus. |
Our people and values Committed workforce; emphasis on integrity, governance, compliance, and stakeholder value. |
Key challenges ahead Market cyclicality, regulatory compliance, financing costs, and competition in real estate sector. |
Interesting facts Developing landmark residential project with sky bridges and large amenity spaces at GIFT City. |
Risks and strategy Mitigate construction, financial, regulatory risks via robust policies, diversification, and strong governance. |
