Nila Infrastructures Limited has received Letter of Acceptance from Gujarat Housing Board for construction and redevelopment work, of Integrated Group Housing Facility at Indira Gandhi Colony, Slump Clearance Cell, Kathwada, Ahmedabad. The project envisages construction of total 968 affordable housing units comprising of 484 Economic Weaker Section (EWS I), 242 Lower Income Group (LIG), units, 242 Economic Weaker Section (EWS Il)for total development cost of almost INR 1,257.5 million. The project shall be on PPP basis whereby the Company shall receive transferable development rights of aggregate value of INR 1,257.5 million and sale realization of additionally constructed 649 housing units and 4,482.12 Sq.

mt. of Commercial area as consideration. Nature of Work: The work is for construction of affordable housing units on PPP basis.

Construction of total 968 affordable housing units comprising of 484 Economic Weaker Section (EWS 1), 242 Lower Income Group (LIG), units, 242 Economic Weaker Section (EWS 1) for total development cost of almost INR 1,257.5 million.