Nila Infrastructures has received a work order from Ahmedabad Municipal Corporation (AMC) for the Integrated Slum In-situ Development for Public Private Partnership (PPP) Project (Package-13) of approximately 360 residential units at Ahmedabad under Urban Development & Urban Housing Department, Government of Gujarat’s Slum Rehabilitation and Redevelopment Policy-2013.
The Project envisages to rehabilitate about 360 slum-dwelling families living at Khodiyarnagar Asarwa, Ahmedabad. The total area under the project of approximately 6,085 square meters will be redeveloped in 24 months at a total development cost of approximately Rs 25.16 crore. As remuneration, the company will get the balance vacant land of approximately 1893 square meters worth Rs 7.58 crore and the Transferable Development Rights (TDR) of Rs 17.58 crore.
Nila Infrastructures is a growing entity in the real estate and urban infrastructure space. The company has been engaged in turnkey civic infrastructure constructions, besides the development and marketing of residential real estate schemes.