Nila Infrastructures Limited announced that Company has on August 24, 2023 received Letter of Acceptance from Gujarat Housing Board for construction of affordable housing. Significant terms & conditions of the work order: 1. The project awarded to the Company is for the redevelopment work, of Integrated Group Housing Facility. 2. The project envisage construction of 48 Middle Income Group (MIG) affordable housing units for total cost development of almost INR 17.94 Crore.

3. The project shall be on PPP basis whereby the Company shall receive transferable development rights of aggregate value of INR 9.00 Crore and realization of additionally constructed 20 housing units and 36 commercial shops as consideration.