Nila Spaces Jumps 10% as Wellness Housing Project Gets RERA Clearance
Penny stock leaps 10% as RERA gives green light to sustainable residential project in Gujarat’s GIFT City.
Regulatory Nod Sparks Market Rally
Shares of Nila Spaces skyrocketed by 10%, hitting the daily upper circuit on Thursday, following the Gujarat Real Estate Regulatory Authority’s approval of its PRANA residential project at GIFT City, Gandhinagar. This significant uptick reflects investor enthusiasm around the firm’s innovative blend of wellness, design, and urban living.
PRANA: A Holistic Urban Living Experience
Conceived and developed through its subsidiary Nila Urban Living (90% owned), PRANA has been formally registered with RERA and is cleared to proceed with sales and marketing. The registration remains valid till December 31, 2030, with renewal possibilities.
Located in the heart of India’s first smart city, the development brings together globally recognized collaborators:
•Interbrand for brand identity
• Design responsibilities were entrusted to Germany-based Blocher Partners, known for their modern architectural sensibilities
• Lifestyle experiences will be curated by Quintessentially, a premium concierge brand specializing in bespoke services
PRANA is designed to serve discerning professionals—offering studio, 1-BHK, and 2-BHK units, rooftop yoga and meditation zones, fitness centers, smart-home technology, lounges, children’s play areas, and co-working hubs.
Prior Milestone: ₹129 Crore Construction Deal
Nila Spaces has already established a strong foothold in GIFT City through significant past milestones. In June 2025, the company secured a ₹129.25 crore contract via its subsidiary to build core and shell infrastructure for a premium residential tower at the same locale. The plot was acquired at a record price (₹6,557/sq ft), marking it as Gujarat’s most expensive land deal.
The chosen contractor, Riveria Infrastructures, has been tasked with delivering the structure within 27 months. The deal boosted investor confidence—Nila Spaces shares surged 10% in that session.
Market Metrics & Stock Activity
Trading opened at around ₹12.60 on the BSE, with prices oscillating between ₹12.19 and ₹13.72 during the day. With a current share price below ₹15, Nila Spaces clearly qualifies as a penny stock.
While such micro-caps usually exhibit low trading volumes and high volatility, recent developments sparked heavy trading activity . Market watchers caution investors of the inherent risks, though some technical charts suggest additional upside could extend toward ₹15–16, with ~₹12.5 acting as a support floor.
Financial Landscape & Strategic Positioning
Nila Spaces is evolving rapidly. During FY25, the company reported a revenue of ₹136 crore, reflecting a robust growth of nearly 50% over the ₹91 crore it posted the year before. Net profit rose from ₹13 crore to ₹15 crore.
Financial indicators reflect healthy performance:
• ROE: ~11%
• ROCE: ~25%
• PE ratio: ~37x, slightly below industry average of ~43x Analysts view this growth as consistent, underscoring the company’s strong trajectory.
Wellness-Centric Smart Living: The PRANA Approach
What sets PRANA apart is its focus on sustainable, community-minded urban living. The project’s USP is its emphasis on wellness—integrating services like rooftop yoga, meditation spaces, and gym facilities. Smart-home integration and a wellness club featuring both modern and traditional health practices aim to foster balance and stress relief.
Designed for today’s busy professionals navigating stress and work-life overlap, PRANA aspires to offer a peaceful retreat that promotes harmony and rejuvenation.
Strategic Collaborations & Design Excellence
By partnering with international players like Interbrand, Blocher, and Quintessentially, Nila Spaces brings a global standard to PRANA. Interbrand shapes its visual identity, Blocher crafts functional and user-centric architecture, and Quintessentially provides a curated lifestyle experience across wellness, travel, dining, education, and culture.
Investor Hotspot: Penny Stock Gains Traction
Despite falling into the penny stock category—with shares under ₹15—Nila Spaces is carving out a reputation underpinned by solid fundamentals and high-profile approvals. Over five years, the stock has delivered multibagger returns of over 1,000%, with recent fiscal performance showing strong growth momentum.
While volatility remains, approvals like the RERA nod and landmark contracts enhance credibility and visibility.
Final Thoughts
The 10% upswing in Nila Spaces’ stock reflects growing investor confidence after receiving RERA approval for its PRANA project in GIFT City. Alongside major contracts and bullish fiscal indicators, the company is reshaping its image from a speculative penny stock into a serious player in the luxury wellness residential space. With a 27-month construction timeline and collaborations with renowned global brands, PRANA offers a compelling value proposition for urban professionals—from design and amenities to community and well-being.
That said, investors need to tread carefully, as penny stocks are often marked by sharp price swings and elevated risk levels. Key price levels—support near ₹12.5 and resistance at ₹15–16—are critical to monitor. But if execution aligns with its vision, Nila Spaces could continue to chart impressive growth and redefine sustainable luxury living in India’s burgeoning smart cities.
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The image added is for representation purposes only
