The Comp. was incorporated on 26th February, 1990 under the Companies Act, 1956 as a 'Nila Builders Pvt Ltd' with the Registrar of Companies, Gujarat at Ahmedabad & converted into Public Limited Comp. on 16th December, 1994 & change of name certificate obtained on 20th December, 1994. The main aim of Comp. is promoting affordable ownership housing by providing substantial finance for housing as per the lending norms of National Housing Bank with regard to 'pricing of credit, volume of credit & area of Dwelling unit'.
PRESENT BUSINESS OF THE COMPANY
The Comp. is engaged in construction activity & has developed apprx. 227000 sq.ft. area of commercial/residential schemes in & around the most developed areas of Ahmedabad City i.e. Navrangpura, Satellite, worth Rs. 743.75 lacs.