Project launch
Nila Spaces’ PRANA in GIFT City: Pre-launch to Ongoing Project
Nila Spaces announced PRANA, a wellness-focused residential project in GIFT City, Gandhinagar, on 10 July 2025. Listed as pre-launch in the project brief, it was described as one of the developer’s ongoing GIFT City projects in a September 2026 report; the RERA possession date is 1 December 2030.
| Developer | Nila Spaces |
|---|---|
| Location | Plot 26-C, GIFT City, Gandhinagar district |
| Status | Announced in July 2025; described as ongoing in a September 2026 report |
| Homes | Studios, 1 BHK and 2 BHK apartments |
| Indicative listed price band | ₹84.11 lakh to ₹1.80 crore |
| RERA possession date | 1 December 2030 |
| RERA registration | PR/GJ/GANDHINAGAR/GANDHINAGAR/GIFT Urban Development Authority/MAA15489/100725/311230 |
Project status and approvals
Nila Spaces announced PRANA on 10 July 2025. The project was described as pre-launch in the project brief, while a September 2026 report referred to PRANA as one of the developer’s ongoing projects in GIFT City. This points to a change in reported status since the launch announcement, though no construction-completion percentage is available in the cited material.
The project received Gujarat RERA approval on 10 July 2025. Its listed registration number is PR/GJ/GANDHINAGAR/GANDHINAGAR/GIFT Urban Development Authority/MAA15489/100725/311230. The RERA possession date is 1 December 2030.
Homes and listed prices
PRANA is planned as a wellness-focused apartment development with studio, 1 BHK and 2 BHK homes. Listed carpet areas include 368 sq ft for a studio, 578 sq ft for a 1 BHK and 787 sq ft for a 2 BHK; other listings give different sizes for some configurations.
Published base-price listings put the overall band at ₹84.11 lakh to ₹1.80 crore. These are listed prices, and some listings state that additional charges apply. The figures should not be read as an all-inclusive cost.
The development is also described as including 20,000 sq ft of commercial space. Nila Spaces’ project material highlights a wellness and longevity club, rooftop terrace and vertical greenery as elements of its design.
GIFT City context
PRANA is located in GIFT City, Gujarat’s international financial and technology district, where offices and IT firms form part of the local employment base. That workplace concentration provides context for demand for homes in the area, although the material cited here does not establish a specific level of housing demand for PRANA.
The Ahmedabad Metro’s branch to GIFT City opened on 16 September 2024, with two stations on the branch reported as operational. Separately, the Union Cabinet approved a 3.33 km extension from GIFT City to Shahpur, with three stations and an estimated cost of ₹1,067.35 crore; the cited report said completion was scheduled within four years. This is an approved infrastructure project, not an operational extension.
Frequently asked questions
Who is developing PRANA?
PRANA is being developed by Nila Spaces.
Where is PRANA located?
The project is at Plot 26-C in GIFT City, Gandhinagar district, Gujarat.
What types of homes are planned?
The project offers studio, 1 BHK and 2 BHK apartments.
What is the listed price range?
Published base-price listings give a band of ₹84.11 lakh to ₹1.80 crore. Some listings state that additional charges apply.
When is possession due?
The listed RERA possession date is 1 December 2030.
What is PRANA’s reported status?
Nila Spaces announced the project in July 2025. A September 2026 report described it as an ongoing project in GIFT City.