Nila Spaces Ltd

Nila Spaces Limited was originally incorporated as Gee Tele Network Limited on 03 May 2000 and the name was subsequently changed to Parmanday Consultancy Limited in 2017, and thereafter to Parmananday Superstructuer Limited. The Company subsequently attained the name to Nila Spaces Limited in June, 2018 at Ahmedabad, Gujarat. The Company was incorporated with the main object for construction activities as well as development of real estate projects for sale. Nila Spaces Limited is a latest enterprise of Ahmedabad headquartered Sambhav Group. The Company is engaged in the development of real estate comprising of residential and commercial projects. The Group completed more than 10 million sq.ft. real estate projects. The Company has a land bank of over 18 acres (in-and around Ahmedabad); and holds the near future potential to develop 47 lakh sq.ft. Main focus is to develop Affordable Housing Schemes, where the buyers get a chance to avail benefits under PMAY - Housing for All Mission. It offer Residential apartments in Premium, Luxury, and Signature categories. The Company proposes to provide end to end real estate development services by organizing the unorganized land and financial resources and develop residential projects mainly of affordable nature. As of February 2019, Gujarat had a total installed led power generation capacity of 31,579 megawatt ( MW). With a contribution of 65 to 70% to India's denim production, Gujarat is the largest manufacturer of denim in the country and the third largest in the world. There are 42 ports, 18 domestic airports and one international airport. There are 106 product clusters and 60 noti?ed Special Economic Zones (SEZs). Large scale investment is expected in Gujarat as part of the USD 9,000 crore DMIC. The Real Estate Undertaking of Nila Infrastructures Limited was transferred into the Company through Scheme of Demerger effective from April 1, 2017. In terms of the Scheme, 1 (One) equity share of Re 1/- (Rupee One Only) each of the Company for every 1 (One) equity share of Re 1/- (Rupee One Only) each held by such shareholder in Nila Infrastructures Ltd. Pursuant to the scheme of demerger as mentioned herein above; investment held in M/s Nila Projects LLP, M/s Nilsan Realty LLP, M/s Fangdi Land Developers LLP, and securities held in M/s Mega City Cinemall Pvt. Ltd. by Nila Infrastructures Ltd. have been transferred to and vested into the Company and consequently all these entities have become subsidiary, joint ventures, associates etc. of the Company.