Nila Infrastructures Ltd is in receipt of a work order from Ahmedabad Municipal Corporation for the Integrated Slum In-situ Development for P.P.P. Project (Phase-II) of approximate 80 residential units at Sabarmati, Kailashnagar, Ahmedabad. With this PPP order, Nila Infrastructures Ltd has developed a reasonable PPP order book that promises superior profitability.
The total area under the project ~4,166 sq. mtrs. The 80 slum-dwelling families will be rehabilitated and the redevelopment will be completed at a total development cost of approximately Rs. 6.80 crore. As remuneration, Nila will get the balance vacant land admeasuring ~2,793 sq. mtrs. on additional payment of an estimated premium of Rs. 1.01 crore.