Nila Spaces Limited — Important, 10-07-2025: Granting/withdrawal/surrender/cancellation/suspension of key licenses/ regulatory approvals

Nila Spaces has announced a board meeting to consider the financial results for the quarter and half-year. The company’s subsidiary, Nila Urban Living Private Limited (90% owned), has received approval from the Gujarat RERA Authority for its residential project "PRANA" at GIFT City, Gandhinagar. This approval allows the commencement of commercial activities and marketing. PRANA is positioned as India’s first Power Living community, designed to address professional burnout with wellness-focused amenities including a wellness club, rooftop yoga, meditation zones, smart-home features, and concierge services. The project targets working professionals and expatriates seeking integrated well-being in a smart city environment.