NILA Spaces Awards ₹129.25 Cr Construction Contract to Riveria Infrastructure

NILA Spaces Limited has awarded a ₹129.25 crore construction contract to Riveria Infrastructure Private Limited for its upcoming premium residential project at GIFT City. The development will rise on a prime plot within the Special Economic Zone (SEZ), which NILA Spaces secured last year through a record-breaking bid of ₹6,557 per sq. ft.—the highest in Gujarat in absolute terms.
The contract includes core and shell construction of the residential towers, with completion targeted within 27 months from the start date. This project marks a key milestone in NILA Spaces’ commitment to its "Power Living" vision, which focuses on purpose-driven, high-energy, and wellness-centric urban environments. The development promises thoughtfully designed homes that foster comfort, performance, and well-being in the heart of GIFT City.
Deep Vadodaria, CEO of NILA Spaces Limited, stated, “This project is an expression of what we call Power Living where every element is designed to help residents live with intention, vitality, and balance. With this new development at GIFT City, we’re not just building homes, we're crafting a lifestyle that redefines what it means to thrive in a modern city. We’re excited to work with Riveria Infrastructure to bring this vision to life and set a new benchmark for residential development in India’s first smart city.”
With this project, NILA Spaces aims to set new standards in sustainability, community engagement, and holistic well-being, positioning itself as a future-ready and socially responsible brand in India’s evolving real estate ecosystem.