Latest news with #DeepVadodaria
Mint
6 days ago
- Business
- Mint
Penny stock under ₹15 hits 10% upper circuit on RERA nod for residential project
Shares of Nila Spaces surged 10%, hitting the upper circuit limit during Thursday's trading session, following the approval of their residential project "PRANA" by the Gujarat RERA Authority at GIFT City Gandhinagar. According to the company's filing with the exchange, this project is being developed by its subsidiary, Nila Urban Living Private Limited, in which the company holds a 90% stake. The registration remains valid until December 31, 2030, unless it is renewed by the RERA Authority. The project has engaged in partnerships with leading international companies. The brand's identity has been crafted by Interbrand, a worldwide brand consulting firm. Architectural design is being executed by Blocher Partners, a German firm celebrated for its practical and user-focused strategies. The lifestyle services in the development will be facilitated by Quintessentially, a concierge provider specialising in travel, wellness, dining, education, and cultural experiences. Deep Vadodaria, the CEO of Nila Spaces, expressed that the goal behind PRANA was to transform the approach to urban residential development by integrating design, wellness, and sustainability into a cohesive environment. Vadodaria added that with burnout impacting nearly 80% of professionals and the lines between work and life becoming increasingly indistinct, we believed it was essential to provide an alternative. PRANA serves as that alternative—a space crafted to replenish what the modern lifestyle drains away. Nila Spaces is an innovative real estate development firm dedicated to creating sustainable, community-focused, and wellness-centric urban spaces. By prioritising design and embracing a commitment to forward-thinking living, the firm is transforming the landscape of real estate in India's smart cities and beyond. Nila Spaces share price today opened at ₹ 12.60 apiece on the BSE, the stock touched an intraday high of ₹ 13.72 per share, and an intraday low of ₹ 12.19 per share. According to Rajesh Bhosale, Equity Technical and Derivative Analyst at Angel One, Nila Spaces is a low-volume penny stock that has witnessed increased interest in today's session, marked by a surge in volume and a 10% upper circuit. 'Such stocks often trade in circuits and are generally best avoided. However, from a technical perspective, the recent momentum and range breakout suggest the upmove could extend towards ₹ 15.5 in the near term, while ₹ 12.5 acts as immediate support on the downside,' said Bhosale.
Mint
6 days ago
- Business
- Mint
Penny stock under ₹15 hits 10% upper circuit on RERA nod for residential project
Shares of Nita Spaces surged 10%, hitting the upper circuit limit during Thursday's trading session, following the approval of their residential project "PRANA" by the Gujarat RERA Authority at GIFT City Gandhinagar. According to the company's filing with the exchange, this project is being developed by its subsidiary, Nila Urban Living Private Limited, in which the company holds a 90% stake. The registration remains valid until December 31, 2030, unless it is renewed by the RERA Authority. The project has engaged in partnerships with leading international companies. The brand's identity has been crafted by Interbrand, a worldwide brand consulting firm. Architectural design is being executed by Blocher Partners, a German firm celebrated for its practical and user-focused strategies. The lifestyle services in the development will be facilitated by Quintessentially, a concierge provider specialising in travel, wellness, dining, education, and cultural experiences. Deep Vadodaria, the CEO of Nila Spaces, expressed that the goal behind PRANA was to transform the approach to urban residential development by integrating design, wellness, and sustainability into a cohesive environment. Vadodaria added that with burnout impacting nearly 80% of professionals and the lines between work and life becoming increasingly indistinct, we believed it was essential to provide an alternative. PRANA serves as that alternative—a space crafted to replenish what the modern lifestyle drains away. It is invigorating yet stabilising, opulent yet mindful. In a constantly 'on' world, PRANA presents something unique—a daily rhythm of flow, balance, and intentional living.
Business Upturn
05-06-2025
- Business
- Business Upturn
Nila Spaces awards Rs 129.25 crore construction contract to Riveria Infrastructures for premium project at GIFT City
By Aditya Bhagchandani Published on June 5, 2025, 16:14 IST Nila Spaces Limited has announced that its wholly owned subsidiary, Nila Urban Living Private Limited, has awarded a construction contract worth ₹129.25 crore to Riveria Infrastructures Private Limited for a flagship premium residential project at GIFT City. The contract includes core and shell construction of residential towers on a prime plot within the Special Economic Zone (SEZ) of GIFT City. This parcel of land was secured by Nila Urban Living last year through a record bid of ₹6,557 per square foot, making it the most expensive land acquisition in Gujarat by absolute value. The project is expected to be completed in 27 months from the start date. 'This project is a powerful expression of what we call Power Living — where every element is designed to help residents live with intention, vitality, and balance,' said Deep Vadodaria, CEO of Nila Spaces Limited. 'With this new development at GIFT City, we're not just building homes — we're crafting a lifestyle.' Nila Spaces aims to deliver a blend of wellness-focused, community-driven residential development that reflects sustainability, purpose, and urban comfort in India's first smart city. Disclaimer: The transaction is not a related party transaction, and neither the promoter nor promoter group has any interest in the awarded work. Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
Mint
24-04-2025
- Business
- Mint
Disruptive Leaders: Deep Vadodaria bets big on PropTech, focuses on sustainable real estate ventures at Gift City
In an era where leadership demands more than boardroom brilliance, Deep Vadodaria, CEO of Nila Spaces, stands out as a Next-Gen CEO reimagining real estate at India's most ambitious urban project — Gift City, near Ahmedabad. By fusing sustainable real estate development with investments in PropTech, a passion for fitness, and an evolved understanding of global culture, Deep is shaping the blueprint for tomorrow's business leadership. "We don't believe success is about clocking 90-hour work weeks," Deep says. "It's about building focus, productivity, and a full life." His outlook is refreshingly different from the debate dominating India's corporate circles today, with traditional leaders advocating grueling schedules. Deep's philosophy champions balance — and it's shown in Nila Spaces' achievements. Gift City (Gujarat International Finance Tec-City) is envisioned as India's first operational smart city and international financial services hub. Nila Spaces — under Deep's leadership — is making a powerful mark here. Having already delivered a successful project in Ahmedabad, Nila Spaces is now developing over one million square feet at Gift City. Projects like "Vidå," a residential development in the domestic zone, and a new upcoming residential project in the SEZ (Special Economic Zone) are positioning Nila as a serious, future-first player in the region's real estate ecosystem. "Gift City's infrastructure is a dream — with district cooling, automated waste management, and potable water access — and we are thrilled to contribute to this vision," says Deep. His leadership is defined by strategic foresight: building not just projects, but communities aligned with the future of urban living. Beyond traditional development, Deep's vision stretches into PropTech — the integration of technology with real estate. Through VisionX, a new investment fund focused on PropTech and RealTech startups, he is positioning Nila Spaces to ride the next disruptive wave in real estate. 'Real estate in its actual form is not scalable," Deep notes. "Technology will drive the next big leap. We want to be at the heart of that transformation." The fund is clear in its strategy: investing in startups that offer operational influence, board seats, or substantial stakes, ensuring not just financial investment but strategic participation in shaping the future. Deep understands that for Indian real estate to evolve, technology is not optional — it's essential. At a time when corporate leaders often focus singularly on growth metrics, Deep's approach is holistic. His personal commitment to fitness — having completed all six World Marathon Majors, the most recent being the Boston Marathon 2025, a feat achieved by only a select few globally — is symbolic of his leadership philosophy. 'Marathon running has taught me resilience,' he reflects. "Life, like a marathon, is about showing up every day, even when things are hard." His discipline and endurance spill over into how he leads teams, drives innovation, and sustains long-term growth. Moreover, Deep doesn't see fitness or fashion as personal indulgences. They are strategic extensions of his leadership brand. His appearance at the iconic Pitti Uomo — the world's most prestigious menswear trade show in Florence — earlier this year wasn't just about style. It was about aligning himself and Nila Spaces with global sophistication and future-ready thinking. 'I believe the life you dream of starts when you dress for it," Deep smiles, quoting designer Tom Ford. "Dressing well signals intent — to yourself, and to the world." Deep Vadodaria's leadership also taps into another critical theme for emerging India: work-life integration. As conversations intensify around burnout, hustle culture, and the need for mental well-being, Deep's success shows that balanced leadership is not just idealistic — it's essential for sustained excellence. "Any physical activity you love — whether it's yoga, breathing exercises, or running — improves your mental sharpness and emotional resilience," he says. His belief isn't theoretical; it's lived experience, influencing how he structures his workdays, mentors his teams, and sets organizational goals. He's also a strong advocate of staying curious and open to change. "Consistently challenging the status quo, unlearning old assumptions, and being receptive to new ideas — that's where true growth lies." This mindset is mirrored in how Nila Spaces approaches Gift City projects, tech investments, and urban development — with constant adaptability and a refusal to settle for legacy thinking. In many ways, Deep Vadodaria is a microcosm of India's next-gen leadership: ambitious yet grounded, tech-savvy yet culturally rich, disciplined yet dynamic. He belongs to a rare breed of leaders who recognize that today's CEO must be more than a boardroom strategist — they must be brand ambassadors, innovation architects, and lifestyle icons, setting new standards in every sphere they touch. At a time when India's urban future is being scripted at projects like Gift City, and when real estate is undergoing a once-in-a-generation disruption, Deep Vadodaria's journey is both an inspiration and a playbook for aspiring leaders. As he puts it, "Success is about building institutions, not just buildings. It's about creating ecosystems that outlast you." Note to readers: This article is part of Mint's paid consumer connect Initiative. Mint assumes no editorial involvement or responsibility for errors, omissions, or content accuracy. Want to get your story featured as above? click here! First Published: 24 Apr 2025, 07:22 PM IST
