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Nila Spaces’ arm awards construction contract to Riviera Infraprojects
Jun-05-2025

Nila Spaces’ wholly owned subsidiary -- Nila Urban Living has awarded the construction contract for its upcoming premium residential development at GIFT City to Riviera Infraprojects. The project is located on a prime plot for which the rights were secured last year through a record bid of Rs 6,557 per square foot for development rights in the Special Economic Zone (SEZ).

This makes it the most expensive parcel of land, in absolute terms, in the state of Gujarat. The construction contract, valued at Rs 129.25 crore, includes the core and shell construction of the residential towers. The project is scheduled to be completed over 27 months from the date of commencement.

This development marks a significant milestone in NILA Spaces’ journey to deliver on its vision of Power Living-a philosophy rooted in high-energy, purpose-driven, and wellness-oriented environments. The upcoming residential enclave will serve as a sanctuary within the urban landscape, offering thoughtfully designed living spaces that promote relaxation, rejuvenation, and high performance.

The company is engaged in the development of real estate comprising of residential and commercial projects.


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