Vikas Ecotech Limited announced that the Company has ventured into the arena of Green-Enviro-friendly Infrastructure Development Projects in collaboration with M/s Nice Apartment Constructions Pvt Ltd. M/s Nice Apartment constructions Pvt Ltd. operates business under the able leadership of Mr. Govind Aggarwal & Mr. Naresh Aggarwal of the renowned "Unity Group", holding a vast experience of over 30 years in the field of residential, commercial and hospitality segments of the Real Estate Development business. Vikas Ecotech Limited entered a collaboration arrangement wherein the Company will be inducing 70% of the total Project Cost as the collaborator. The estimated Project Cost of targeted projects is about INR 1,150 million, including the cost of lands as well as the costs to be incurred for the Construction and Development of Commercial Buildings at 3 locations in Gurugram, Haryana.

Vikas Ecotech Limited has induced INR 400 million during April 2023 in lieu of the payments accrued towards the land parcels acquired via auctions in this first ever project being undertaken under a collaboration, the remaining contribution of INR 400 million will be induced at appropriate stages in the project development.