Nila Spaces
Nila Spaces Limited is a publicly listed Indian real estate developer specializing in sustainable, premium residential and co-working developments within GIFT City, Gandhinagar. It serves individual homebuyers, NRI investors, and corporate tenants via IGBC-certified, carbon-neutral projects.
- Company typePublic
- Founded2000
- HeadquartersAhmedabad, India
- Headcount11–50
- GTM typeB2C
- OfferingServices
What Nila Spaces does
Nila Spaces Limited is a publicly listed Indian real estate development company (BSE: 542231, NSE listed; CIN L45100GJ2000PLC083204), incorporated in 2000 as Parmananday Superstructure Limited and headquartered in Ahmedabad, Gujarat. Operating under the Nila-Sambhaav Group umbrella, the company focuses on sustainable, premium residential and commercial developments concentrated in GIFT City, Gandhinagar. Its portfolio comprises three core products: Prana (wellness-focused residential in GIFT City SEZ with vertical greenery and rooftop amenities), Nila Vida (IGBC Platinum precertified luxury residential in GIFT City DTA at 118 meters), and Capital Square (a 60,000 sq. ft. carbon-neutral co-working facility offering 800+ seats). Revenue is generated through one-time residential property sales of apartments and studios, recurring co-working space subscriptions at Capital Square, and NRI-focused property management services. Pricing is quote-based ("Price on Request") consistent with luxury real estate conventions.
The company differentiates on sustainability credentials — including IGBC Platinum precertification, carbon neutrality certification audited by TÜV India, and ISO 9001/14001/45001/14064 certifications — and ESG framework alignment with GRI, SASB, TCFD, and UN PRI standards. Underlying technology includes BIM-enabled construction management, ERP-based paperless documentation, and integration with GIFT City's district cooling system. Operations are supported by strategic partnerships with international architecture firm Blocher Partners (Germany), JLL (project management consultancy), Deloitte (GHG emissions strategy), and TÜV India (carbon audits), alongside construction partners PSP Projects and Chokhani Projects.
The go-to-market is direct-to-consumer via corporate website, inquiry forms, virtual tours, and on-site viewings, augmented by event participation and award-driven PR. Channel partners Prop Tiger and Kunvarji Realty support buyer reach, while a dedicated NRI Corner service targets global Non-Resident Indian investors with repatriation and tax advantages specific to GIFT City's IFSC. The company is actively hiring across 17 functions, indicating pipeline expansion. Group-level scale includes 18 million+ sq. ft. of portfolio footprint, 75+ completed projects, and 26,000+ families served across decades of operations.
Nila Spaces firmographics
Firmographics- Name
- Nila Spaces
- Legal name
- Nila Spaces Limited
- Website
- https://nilaspaces.com
- Company type
- Public
- Founded year
- 2000
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Nila Spaces Limited is a publicly listed Indian real estate developer specializing in sustainable, premium residential and co-working developments within GIFT City, Gandhinagar. It serves individual homebuyers, NRI investors, and corporate tenants via IGBC-certified, carbon-neutral projects.
- Ownership category
- akta.pro rank
Nila Spaces industry classification
Industry- Product category
- Residential Real Estate Development
- NAICS
- Rental and Leasing Services (532)
- SIC
- Real Estate Dealers (For Their Own Account) (6532)
- akta.pro primary industry
- Condo & Apartment Rentals (Urban/Resort) (THAGANAB)
Keywords
Where Nila Spaces is headquartered
LocationHeadquarters
- HQ city
- Ahmedabad
- HQ country
- India
- HQ region
- Asia
Offices1 record
Markets served
Nila Spaces business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Supply Chain, Operations, Marketing or Sales, Personnel, Technology or R&D, Infrastructure
Revenue model
- Residential Property Sales: Sale of residential units including studios, 1 BHK, 2 BHK, and 3 BHK apartments at VIDA and PRANA projects in GIFT City
- Co-working Space Leasing: Rental of commercial office space at Capital Square offering 800+ seats for professionals and businesses in GIFT City SEZ
- NRI Property Services: End-to-end property management services for NRI investors including maintenance and rental management
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| One time/ perpetual license | Multi-year contract | Residential units at VIDA project in GIFT City DTA area |
| One time/ perpetual license | Multi-year contract | Residential units at PRANA project in GIFT City SEZ area |
| Subscription | Monthly | Co-working space at Capital Square offering 800+ seats |
Go-to-market motion2 records
Distribution channels3 records
Marketing channels6 records
Nila Spaces product offering
Product offeringCore offering
Nila Spaces develops and sells premium, sustainability-certified residential and commercial real estate projects in GIFT City, Gandhinagar. Its portfolio includes Prana (wellness-focused residential apartments in GIFT City SEZ), Nila Vida (luxury IGBC Platinum-certified residential in GIFT City DTA), and Capital Square (60,000 sq. ft. carbon-neutral co-working space with 800+ seats). The company sells directly to individual homebuyers, NRI investors, and corporate tenants through its own sales channels, emphasizing green building design and ESG-aligned development.
Product overview
Nila Spaces is a publicly listed real estate development company (part of Nila-Sambhaav Group) specializing in sustainable residential and commercial projects in GIFT City, Gandhinagar. The portfolio consists of three main offerings: Prana (wellness-focused residential in SEZ), Nila Vida (luxury IGBC Platinum-certified residential in DTA), and Capital Square (co-working space). The company focuses on sustainable living environments, carbon neutrality, and community well-being through green building initiatives.
Differentiator
Problem solved
Functional benefit
Brands
- Prana: Premier luxury residential project at GIFT City SEZ focused on wellness with 1,2 BHK & Studio units
- Nila Vida
- Capital Square
Products and services
- Prana A distinctive residential development in GIFT City SEZ Dual Use Non-Processing Area offering 1 and 2 BHK apartments and studios, focused on wellness, sustainability, and premium amenities including 10,000 sq. ft. vertical green façade, 18,000 sq. ft. rooftop terrace, and community spaces. Targeted at urban professionals, families, and NRI investors.
- Nila Vida A luxurious residential development in GIFT City DTA Area featuring 1, 2, and 3 BHK apartments and studios, standing at 118 meters with IGBC Platinum Grade Certification and carbon neutrality, offering sky terrace, jogging track, and connecting bridges for community engagement. Targeted at premium homebuyers and NRI investors.
- Capital Square A collaborative co-working workspace in GIFT City SEZ area offering 60,000 sq. ft. of dynamic workspace with over 800 seats, certified carbon-neutral by TÜV India. Designed for professionals, freelancers, startups, and corporate teams requiring flexible office arrangements with modern facilities and vibrant social areas.
- NRI Property Management Services End-to-end property management services for NRI investors purchasing property in GIFT City, including investment guidance, legal requirement information, ongoing maintenance, and rental management for remote investors.
Quantifiable outcome
- Energy consumption reduction of 30% through GIFT City's District Cooling System
- +3 more outcomes
Companies that use Nila Spaces
Customer profileNamed customers3 records
Segments5 records
Ideal customer profiles3 records
Nila Spaces technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature5 records
Nila Spaces partnerships and signals
Strategic signalPartnerships
15 partnerships are on record, tiered core and minor.
- Prop TigercoreA leading real estate advisory firm that offers expert guidance for property investments and transactions. Works with Nila Spaces to bring the company's vision to life through their extensive network.
- Kunvarji RealtycoreRenowned for its extensive network and expertise within the real estate market, ensuring seamless property solutions for Nila Spaces projects.
- Blocher PartnerscoreA premier German architecture firm delivering innovative design and architectural excellence. Brings international design standards to Nila Spaces projects including PRANA.
- Ducon ConsultantcoreA leading structural consultant dedicated to maintaining integrity and quality throughout the construction process for Nila Spaces developments.
- Ashir EngineeringcoreExperts in MEPF (Mechanical, Electrical, Plumbing, and Fire) and BIM, employing advanced technology to optimize building systems for Nila Spaces projects.
- UpkramacoreRenowned for innovative architectural design and excellence. Collaborates with Nila Spaces on creative vision for residential projects.
- PSP ProjectscoreLeading contractor with expertise in various sectors. Ensures high-quality project delivery for VIDA and other Nila Spaces developments.
- Chokhani ProjectscoreSpecialists in high-quality construction for pharma and industrial projects, ensuring timely delivery for Nila Spaces.
- JLL (Jones Lang LaSalle)coreProvides Project Management Consultancy (PMC) services for Nila Spaces developments, ensuring quality oversight and project coordination.
- Quint EssentialminorInternational concierge service provider supporting Nila Spaces' luxury lifestyle offerings for residents.
- MastersminorService provider supporting Nila Spaces' operational capabilities.
- DeloittecoreConducts comprehensive GHG emissions calculation reports and provides strategic recommendations for carbon offsetting initiatives for Nila Spaces' sustainability efforts.
- TÜV IndiacoreConducts external audits and carbon neutrality certifications for Nila Spaces projects under ISAE 3410, ISO 14067, ISO 50001, ISO 14064-1, PAS 2050 and PAS 2060 standards.
- Sambhav TrustcoreCollaborates with Nila Spaces on social upliftment initiatives including monthly food kit distribution to salt workers and vulnerable communities (3,450 kits distributed since April 2022).
- VeeraminorCarbon credit provider from which Nila Spaces purchases carbon credits to support global carbon offset projects.
Scale indicators13 records
Recent moves7 records
Expansion highlights5 records
Nila Spaces competitors and assessment
Company assessmentDirect peers
- Prestige Group: Large listed Indian developer with diversified residential, commercial, and hospitality portfolio. Comparable in product mix (premium residential + commercial/coworking) and listed-developer profile.
- Brigade Enterprises: South-India focused listed developer with residential and commercial (including coworking) assets. Comparable in listed-developer structure and mixed residential-commercial model.
- Godrej Properties: One of India's largest listed residential developers with a strong sustainability and ESG narrative. Comparable to Nila Spaces in green-building positioning, premium urban residential focus, and pan-India listed-developer profile.
- WeWork India: Largest flex-office/coworking operator in India. Directly comparable to Nila's Capital Square co-working vertical in product category, customer base (professionals/startups), and recurring subscription model.
- Oberoi Realty: Premium Mumbai-based listed developer focused on luxury residential and commercial real estate. Comparable to Nila's premium positioning, IGBC-style certifications, and project-level quality differentiation.
- Mahindra Lifespace Developers: Sustainability-led Indian residential developer with IGBC-aligned projects. Closest comparable to Nila on the ESG/green-certified premium housing axis, though operating at meaningfully larger scale.
- Sobha Limited: Listed Indian developer known for premium residential projects with backward-integrated construction quality. Comparable to Nila on premium urban-residential positioning and quality-led brand.
Regional players
- Adani Realty: Pan-India developer with significant Gujarat/Ahmedabad presence. Comparable as a regional player operating in the same Gujarat market where Nila is headquartered, though with a much broader portfolio.
Broad incumbents
- Macrotech Developers (Lodha): India's largest listed residential developer by market cap. Comparable as a broad incumbent in premium Indian residential, though with a national rather than micro-market focus.
- DLF Limited: India's largest listed real-estate developer with a sprawling residential, commercial, and retail portfolio. Comparable as a broad incumbent in Indian listed real estate but operates at vastly greater scale than Nila.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
Nila Spaces social profiles
Digital presenceNila Spaces compliance and trust
Trust signalCompliance7 records
Nila Spaces financial estimates
Financial estimateRevenue estimate
Valuation estimate
Nila Spaces leadership team
Management profileNumber of profiles
Profiles12 records
Nila Spaces subsidiaries and ownership
Company hierarchySubsidiaries3 records
Nila Spaces funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Nila Spaces M&A and investment
M&A and investmentM&A
Investments2 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Nila Spaces
What does Nila Spaces do?
Nila Spaces develops and sells premium, sustainability-certified residential and commercial real estate projects in GIFT City, Gandhinagar. Its portfolio includes Prana (wellness-focused residential apartments in GIFT City SEZ), Nila Vida (luxury IGBC Platinum-certified residential in GIFT City DTA), and Capital Square (60,000 sq. ft. carbon-neutral co-working space with 800+ seats). The company sells directly to individual homebuyers, NRI investors, and corporate tenants through its own sales channels, emphasizing green building design and ESG-aligned development.
Is Nila Spaces a public or private company?
Nila Spaces is a public company. It is classified as public and is currently operating.
When was Nila Spaces founded?
Nila Spaces was founded in 2000. It employs 11 to 50 people.
Where is Nila Spaces based?
Nila Spaces is headquartered in Ahmedabad, India, in the Asia region.
How does Nila Spaces make money?
Three revenue lines are on record. Residential Property Sales are the primary driver. The others are co-working Space Leasing and NRI Property Services.
Who are Nila Spaces's main competitors?
Direct peers on record are Prestige Group, Brigade Enterprises, Godrej Properties, WeWork India, Oberoi Realty, Mahindra Lifespace Developers and Sobha Limited. Adani Realty is listed as a regional player. Broad incumbents are Macrotech Developers (Lodha) and DLF Limited.
Does Nila Spaces have an API?
No public API is recorded for Nila Spaces.
What industry is Nila Spaces in?
Nila Spaces's product category is Residential Real Estate Development. Its primary akta.pro industry code is THAGANAB, Condo & Apartment Rentals (Urban/Resort). Its NAICS code is 532 and its SIC code is 6532.