Latest news with #NilaUrbanLivingPrivateLimited
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.
