Nila Spaces Stock Up by More Than 10% As Its GIFT City Project Gets Approval
By Ankur Chandra | Published at: Jul 10, 2025 04:20 PM IST
Ahmedabad, July 10, 2025: Nila Spaces Limited (NSE: NILASPACES, BSE: 542231) saw its shares surge by 10% to ₹13.73 as of 2:10 AM today. This significant gain followed the announcement that its flagship residential project ‘PRANA’ at GIFT City, Gandhinagar, has received approval from the Gujarat Real Estate Regulatory Authority (RERA). This crucial clearance enables the company’s subsidiary, Nila Urban Living Private Limited (90% owned), to commence commercial activities and marketing for the premium wellness-centric development.
Project Details & Strategic Impact
The ‘PRANA’ development, approved on July 10, 2025, is set to introduce a unique “Power Living” concept. This innovative design integrates biophilic architecture, comprehensive wellness infrastructure, and smart-living solutions. With a RERA registration valid until December 31, 2030, the project is strategically positioned as a lifestyle destination tailored for professionals seeking wellness-driven living within the Gujarat International Finance Tec-City (GIFT City) Special Economic Zone (SEZ).
CEO Deep Vadodaria commented:
“The intent behind PRANA was to approach urban residential development differently-bringing together design, wellness and sustainability in one integrated space.”
The launch aligns with current industry trends addressing corporate burnout, with a 2024 Deloitte survey indicating that over 77% of professionals experience symptoms of stress and fatigue.
Highlights from PRANA:
| Feature | Description |
|---|---|
| Location | GIFT City, Plot 26-C |
| Project Subsidiary | Nila Urban Living Pvt. Ltd. (90% owned) |
| Registration Validity | Until 31-Dec-2030 |
| Wellness Focus | Rooftop yoga, longevity club, biophilic design |
| Configuration | Studio, 1 BHK, 2 BHK |
| Collaborators | Interbrand (branding), Blocher Partners (architecture), Quintessentially (lifestyle services) |
Stock Performance
As of 2:10 PM IST on July 10, 2025, Nila Spaces Ltd. was trading at ₹13.73, up ₹1.13 or 10%. The scrip has touched an intraday high of ₹13.86 and a low of ₹12.15 until now. The 52-week range stands between ₹7.60 and ₹19.40.
Key Market Metrics:
| Metric | Value |
|---|---|
| Previous Close | ₹12.60 |
| Volume Traded | 22.03 lakh shares |
| Market Cap | ₹540.81 crore |
| VWAP | ₹13.30 |
| % Deliverable | 72.23% |
| Free Float MCap | ₹200.15 crore |
Buy quantity significantly outweighed sell orders at 7.99 lakh versus 65.9K, indicating robust investor demand and positive sentiment surrounding the RERA approval.
Financial Snapshot
Nila Spaces Limited reported a consolidated revenue of ₹39.76 crores in Q4 FY25, marking a 23.1% increase from ₹32.29 crores in Q4 FY24. The net profit for Q4 FY25 stood at ₹4.69 crores, reflecting a significant 115.1% rise from ₹2.18 crores in the corresponding period last year. The company’s Return on Capital Employed (ROCE) was reported at 21.83% and Return on Equity (ROE) at 10.35%, while its Price-to-Earnings (P/E) ratio stood at 29.65. As of March 2025, the promoter shareholding in Nila Spaces was 61.9%, with retail investors holding 38.09%. These figures indicate a strong financial performance and a stable ownership structure as the company embarks on new projects.
Road Ahead For Nila Spaces
Nila Spaces is set to benefit from its GIFT City entry, with RERA-approved ‘PRANA’ aligning well with the rising demand for wellness-driven urban housing. Its strong Q4 FY25 performance, marked by 115% YoY profit growth and 21.83% ROCE, reflects solid financial health. Strategic collaborations and a 61.9% promoter stake boost investor confidence. High deliverables and buying interest suggest sustained market support. The company is now poised for long-term expansion in premium real estate.
About Nila Spaces Ltd
Listed on NSE and BSE, Nila Spaces Limited focuses on developing sustainable and community-centric residential environments. With an emphasis on wellness and smart-city integration, it continues to position itself as a forward-thinking real estate brand in India’s evolving urban landscape.
REF: https://nsearchives.nseindia.com/corporate/NILASPACES_10072025135501_IntimationofRERAapproval.pdf
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