Nila Infrastructures Receives Amendment for Slum Rehab Project Worth ₹105.65 Crore
Nila Infrastructures Limited received an amendment for its slum rehabilitation project at Gulbai Tekra, Ahmedabad. The project scope increased to 910 residential units and 12 commercial shops, with a revised total consideration of ₹105.65 Crore, to be received as TDR.
The amendment involves an increase in the project's value, which is material for the company's business and revenue prospects.
The amendment to the work order for a slum rehabilitation project, increasing the total consideration, is a positive development for the company.
Nila Infrastructures Limited has received an intimation from Ahmedabad Municipal Corporation (AMC) regarding an amendment to the slum rehabilitation project at "Gulbai Tekra" in Ahmedabad. The original work order, awarded on February 5, 2024, was for the construction and development of 854 residential units and 10 commercial shops with a consideration of ₹99.08 Crore. This consideration was to be recouped through Transferable Development Rights (TDR) of ₹70.34 Crore and Land Premium of ₹28.74 Crore.
The amendment, received on October 1, 2026, involves the construction and development of an additional 56 residential units and 2 commercial shops on free sale land. This increases the overall scope to 910 residential units and 12 commercial shops. The total consideration for the amended project is now ₹105.65 Crore, which will be received solely as TDR.
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Nila Infrastructures Limited filed this with the NSE as a statutory disclosure, categorised under other corporate actions. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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