Shares of Nita Spaces surged 10%, hitting the upper circuit limit during Thursday’s trading session, following the approval of their residential project “PRANA” by the Gujarat RERA Authority at GIFT City Gandhinagar.
According to the company’s filing with the exchange, this project is being developed by its subsidiary, Nila Urban Living Private Limited, in which the company holds a 90% stake. The registration remains valid until December 31, 2030, unless it is renewed by the RERA Authority.
The project has engaged in partnerships with leading international companies. The brand’s identity has been crafted by Interbrand, a worldwide brand consulting firm. Architectural design is being executed by Blocher Partners, a German firm celebrated for its practical and user-focused strategies.
The lifestyle services in the development will be facilitated by Quintessentially, a concierge provider specialising in travel, wellness, dining, education, and cultural experiences.
About The Author
