We are honored to be recognized as Best Safety Developer by GIFT City on the 54th National Safety Day (March 10, 2025). This award reaffirms our unwavering commitment to safety, sustainability, and excellence in real estate.

We are dedicated to building more than homes, we create lifelong investments that reflect quality, sustainability, and value. Understanding that our customers entrust their hard-earned savings into their dream homes, we uphold the highest standards of integrity, transparency, and excellence. Our spaces are designed with sustainable, energy-efficient solutions and premium materials, ensuring durability, comfort, and long-term value. With a customer-first approach, we prioritize ethical business practices, clear communication, and dedicated post possession support. Backed by renowned industry experts and stringent quality checks, we remain committed for delivery which results in long term satisfaction as by product outcome.

At the core integrity, accountability, and responsible leadership ensures the highest level of transparency and ethical governance, we undergo a rigorous internal audit of our GHG emissions conducted by external third-party agency. Our sustainability efforts are further validated and comprehensive calculation report from the globally renowned Deloitte. External audit by world best certification body TUV ensuring accuracy and accountability in our environmental impact assessments. By our multi dimension approach we have put check & balances through execution of every step by different agencies to eliminate conflict of interest.

We are enhancing the well-being of the communities around us, creating spaces that promote health, happiness, and sustainability. Our projects are designed with wellness-centric amenities. Beyond infrastructure, we embrace our social responsibility, actively in healthcare, education, and community development to uplift lives. With a strong focus on eco-friendly practices and sustainable living, we integrate green building solutions that ensures a healthier environment for future generations right from design stage. Through our unwavering intention to people, progress, and the planet, we are creating thriving, inclusive communities where well-being and prosperity go hand in hand.

We believe true progress lies in harmony with nature, not at its expense. Our commitment to the environment drives us to integrate green building initiatives that minimize our ecological footprint while maximizing sustainability. Through net-zero features, energy-efficient designs, and eco-friendly materials, we are redefining responsible construction. Our pursuit of carbon neutrality is reflected in every detail, from rainwater harvesting to advanced waste management. We embrace green facades to purify the air, regulate temperature, and enhance biodiversity. With every project, we are not just building structures but shaping a future where sustainability and innovation go hand in hand, ensuring a healthier planet for generations to come.

At VIDA, Gandhinagar we are dedicated to building a sustainable future with eco-friendly materials and innovative design. Our responsible behavior for environmental has earned us the prestigious Platinum Precertification from the Indian Green Building Council (IGBC), the highest standard in the IGBC Green Homes Rating System right at design stage. 

We are dedicated to environmental stewardship through our comprehensive Carbon Neutral Initiatives. Our completed project, Capital Square in Gift City, Gandhinagar, is a modern coworking space for over 800 seats, designed to be carbon neutral and minimize environmental impact. 

Sustainability is at the core of our operations. We avoid unnecessary resource consumption by implementing a paperless workflow, leveraging our advanced ERP system for digital documentation. This enhances efficiency while significantly reducing waste. We actively reduce our carbon footprint by promoting electric vehicle adoption among our team and stakeholders, supporting a cleaner, greener urban environment. To offset our environmental impact, we invest in sustainable initiatives that contribute to carbon neutrality, ensuring responsible energy use and waste management. Recognizing that some environmental impact is residual, we continuously seek innovative solutions to mitigate our footprint, fostering a culture of sustainability that inspires responsible consumption and a greener future for our communities and the planet.

Our commitment to sustainability extends beyond our buildings. We have created over 258,336 sq. ft. of lush median green areas, enhancing urban biodiversity, cleaning the air, and cooling the microclimate to improve community well-being. We also revitalized 2,000 sq. m. of land around our coworking space, designing it as a refreshing, inspiring green retreat that fosters creativity and community. By seamlessly integrating nature into urban settings, we are dedicated to building sustainable, vibrant, and healthy environments for all.

In Ambaji district, Gujarat, we are empowering local communities through sustainable education initiatives that foster holistic development. Our efforts focus on enhancing education quality and supporting underprivileged students, especially girls. 


We are enhancing community health by providing accessible, high-quality healthcare and promoting overall wellness. Our initiatives strive to build a healthier future for generations to come. As of December 2024, we have supported 1,062 high-risk malnourished women, leading to 962 successful pregnancies. Remarkably, there have been zero maternal or newborn deaths among our beneficiaries, reflecting the impact of our dedicated care.

We are committed to uplifting vulnerable communities, ensuring they live with dignity and hope. Since April 2022, in collaboration with Sambhav Trust, we have distributed 3,450 kits as of December 2024. Every month, 100 beneficiaries continue to receive support without interruption, reinforcing our dedication to sustainable impact.

Our approach to corporate governance is anchored in transparency, fairness, equity, and accountability. We believe in doing the right things, not just doing things right, ensuring that our actions align with ethical principles and long-term value creation. By upholding the highest standards of integrity, we foster trust among all stakeholders. Our commitment to governance excellence drives us to optimize resource utilization while safeguarding stakeholder rights, reinforcing our dedication to responsible and sustainable business practices.

Nila Spaces maintains a balanced and diverse Board composition, ensuring effective leadership and strategic oversight. Our Board includes a mix of Executive and Non-Executive Directors, with four Independent Directors, including two women directors, promoting diversity and independent judgment. This structure complies with Section 149 of the Companies Act, 2013, and SEBI (LODR) Regulations, 2015.

We have robust, process-driven internal control systems that ensure compliance with financial and accounting policies. Our system-driven governance framework clearly defines roles and responsibilities, reinforced by a Risk Management Framework (ERM-driven) and strategic planning processes. Adhering to ISO 31000 principles, we proactively identify, assess, and mitigate risks to enhance decision-making and resilience. Financial statements undergo rigorous internal audits and approval processes, ensuring transparency and accountability. Additionally, our ERP-driven system strengthens financial integrity through role segregation and structured approval workflows, reinforcing a culture of compliance and operational excellence.

WE believe in a collaborative and motivating work culture. Our HR policies are designed to attract, nurture, and reward high-caliber talent, promoting an inclusive and dynamic workplace. We focus on capability-building, progressive employee relations, and maintaining a strong talent pipeline, empowering every team member to contribute to sustainable growth. We actively invest in youth development, providing opportunities for fresh talent to thrive, while recognizing and rewarding dedicated employees who drive innovation and excellence.

We continue to explore opportunities in the evolving real estate sector, leveraging our expertise in affordable housing and expanding into co-living spaces, co-working environments, and service apartments. Our strategic growth is underpinned by a strong commitment to Environmental, Social, and Governance (ESG) principles, guided by globally recognized frameworks such as GRI (Global Reporting Initiative), SASB (Sustainability Accounting Standards Board), TCFD (Task Force on Climate-related Financial Disclosures), and UN PRI (United Nations Principles for Responsible Investment).

Nila Spaces is committed to creating long-term sustainable value for all stakeholders. By maintaining the highest standards of corporate governance, ethical conduct, and social responsibility, we continue to build trust and contribute positively to the communities we serve.

At the 15th Realty + Conclave & Excellence Awards-2023 (Gujarat), Nila Spaces Limited received accolades for its outstanding marketing campaigns for its premier project, VIDA. The awards included: 


We are honored to receive the Finance Team of the Year – Sustainability & Real Estate award at the 19th CFO Vision & Innovation Summit & Awards 2024, recognizing our leadership in driving sustainable financial initiatives.

ESG Visionary of the Year – Real Estate at the ESG & Cleantech Summit & Awards 2024, also awarded to CFO & Director Mr. Prashant H Sarkhedi, acknowledging his strategic contributions to environmental, social, and governance (ESG) practices. 


The International Financial Services Centre (IFSC) at GIFT City is transforming India into a global financial powerhouse. Strategically located between Ahmedabad and Gandhinagar, this state-of- the-art financial hub rivals’ international centers like Singapore and Dubai. It enables seamless international banking, insurance, and capital market transactions in multiple currencies, attracting leading global financial institutions.

Sustainability and Green Living are at the core of GIFT City’s vision, setting a new standard for eco-friendly urban development in India. Designed as a smart and sustainable city, GIFT City seamlessly integrates green practices to minimize its environmental footprint while enhancing the quality of life.


Luxury Living and Lifestyle is a standout feature of GIFT City, offering an unmatched urban experience. Designed as a modern smart city, GIFT City combines world-class residential spaces with premium amenities, creating a vibrant and sophisticated community.


Tax and Regulatory Advantages are powerful incentives that make GIFT City a preferred destination for global businesses and investors. As India’s first International Financial Services Centre (IFSC), GIFT City offers a favorable regulatory environment and attractive tax benefits, enhancing profitability and ease of doing business.

World-Class Business Spaces are a defining feature of GIFT City, positioning it as a premier global business hub. Designed to international standards, GIFT City offers state-of-the-art office spaces that cater to the needs of multinational corporations, financial institutions, and startups alike.

Smart City Infrastructure is at the heart of GIFT City, setting new benchmarks for urban innovation in India. Designed as a futuristic city, it seamlessly blends cutting-edge technology with sustainable living.


GIFT City (Gujarat International Finance Tec-City) is India’s pioneering smart city and a financial powerhouse located in Gujarat. Launched in 2007 as a strategic joint venture between the Government of Gujarat and Infrastructure Leasing and Financial Services (IL&FS), GIFT City was envisioned as a world-class financial hub designed to attract global financial services companies to India.

GIFT City stands out as a premier investment destination, offering unparalleled benefits:


Strategically positioned between Ahmedabad and Gandhinagar, GIFT City spans 886 acres and is home to India’s first International Financial Services Centre (IFSC), regulated by the International Financial Services Centre Authority (IFSCA). Inspired by global financial centers like Singapore and Dubai, the city offers cutting-edge infrastructure, international connectivity, and a business-friendly environment. It’s meticulously designed as a greenfield project focused on sustainable development, featuring state-of-the-art office spaces, residential complexes, commercial hubs, and social infrastructure, including hospitals, schools, and recreational facilities.

GIFT City’s strategic advantages are driving significant domestic and international investments:


Since its inception, GIFT City has been a powerful driver of economic growth in Gujarat, contributing significantly to the state’s development:


GIFT City’s rapid development has dramatically impacted Gujarat’s real estate market:


As India’s first operational smart city and a powerhouse for international finance and technology, GIFT City is poised to revolutionize Gujarat’s economic landscape. Key factors driving its growth include:

GIFT City’s future is bright with immense growth potential: