01-Oct-2026      22:44

Nila Infrastructures receives amendment for Ahmedabad slum rehabilitation project, increasing TDR to Rs 78.63 crore

Nila Infrastructures Limited announced it has received an amendment to its work order from the Ahmedabad Municipal Corporation (AMC) for the "Kajimiya ni Chali" slum rehabilitation project in Ahmedabad. The amendment reduces the company’s entitlement to free sale land from 4209.61 square meters valued at Rs 48.51 Crore to 2290 square meters valued at Rs 26.39 Crore, but increases the Transferable Development Rights (TDR) received from Rs 56.51 Crore to Rs 78.63 Crore, effectively compensating for the land reduction. The original work order, valued at a total development cost of Rs 105.02 Crore, was awarded on October 4, 2025, and the amendment was received on October 1, 2026.

News source: Capital Market - Live News