Nila Spaces is developing wellness-led homes at GIFT City on a site acquired through development rights at Rs. 6,557 per sq. ft., described by managing director Deep Vadodaria as the city’s most expensive acquired land parcel. The company secured rights to the 522,000 sq. ft. site in June 2024 at a valuation of Rs. 3.42 bn and has announced planned investment of Rs. 7.5 bn. In June 2025, it awarded Riveria Infrastructures a Rs. 1.29 bn contract for the project’s core and shell works. Construction is scheduled to take 26 months from commencement, while the overall delivery timeline is 42 months; finishing work will be contracted over the next couple of quarters. Vadodaria said progress was broadly on track. The company’s two GIFT City residential projects, VIDA and PRANA, are positioned around wellness, technology and considered design. VIDA has received Platinum pre-certification from the Indian Green Building Council at the design stage. PRANA has partnerships with IKEA, Ultrahuman and DreamSpan covering interiors, indoor-environment monitoring and sleep technology, with the arrangements currently exclusive. Nila Spaces says its Power Living approach links sleep, light, water and air with infrastructure and home technology. At VIDA, all 496 homes have bedrooms with direct balcony access and natural light. PRANA includes a 10,000 sq. ft. vertical green façade, an 18,000 sq. ft. rooftop terrace and 12,000 sq. ft. of green spaces. The company says consumers are willing to pay for the higher input costs associated with such features. The company said it does not use or share residents’ personal data, including information from sleep systems, daily activity monitoring or health trackers. Its buyers are mainly professionals in banking, financial services, private equity and corporate roles, while GIFT City is being developed as a residential and lifestyle destination alongside its commercial hub. Nila Spaces has delivered more than 75 projects to over 26,000 families and operates Capital Square, offering about 60,000 sq. ft. and more than 800 coworking seats. Over the next 3 to 5 years, Nila Spaces plans to expand its wellness homes and weekend-home portfolio. Vadodaria said the company hopes wellness features will eventually move beyond premium housing and become part of conventional homes, with consumer demand shaping future design.