Nila Spaces Ahmedabad

Nila Spaces Limited is a latest enterprise of Ahmedabad headquartered Sambhaav Group, pursuant to the Scheme of Arrangement for Demerger (the “Scheme”) of Real Estate (RE) Undertaking of Nila Infrastructures Ltd (the “Demerged Company”/NI Ltd) into Nila Spaces Ltd (the “Resultant Company”) under section 230 to 232 and other applicable provisions of the Companies Act, 2013 with Appointed Date of April 1, 2017. In the process of executing projects for various Government/Semi Government entities, NI Ltd fathomed the size and scale of government’s initiatives - “Housing for All by 2022”, and “Smart cities”. While, the government initiated the supply-side measures, it has simultaneously addressed the demand-side, too; by boosting the affordability with the reduction/subsidy in interest on housing loans, enhancement of ceiling for interest deduction, etc. Further, with implementation of path-breaking regulations - RERA and GST Act; the real estate business started getting the much needed impetus as an industry. The latest accordance of much coveted status of “Infrastructure” to Affordable Housing has since set the right atmosphere.