Advertisement
Private equity has played a significant role in shaping Indi...
In today’s real estate landscape, fitness is often treated...
In this episode of Prop Personalities, we sit down with Hars...
Luxury real estate is one of the most talked-about segments ...
Welcome to Prop Personalities by Prop News Time - a podcast ...
Nila Spaces has listed its residential project VIDA in Gujarat International Finance Tec-City (GIFT City) on the Alt DRX platform, marking the first tokenised real estate asset under a newly launched Gujarat Tri-City investment framework. The initiative allows resident Indian investors to purchase fractional ownership in the project starting from as little as one square foot, significantly lowering entry barriers traditionally associated with residential real estate. The listing is positioned within a broader investment corridor spanning Ahmedabad, Gandhinagar and GIFT City. The company stated that the model combines physical asset ownership with digital transaction capabilities, aiming to improve liquidity and accessibility. The move comes amid continued interest in premium residential assets, where high capital requirements and limited liquidity have historically restricted participation to higher-income segments.
Nila Spaces has listed its residential project VIDA, located in Gujarat International Finance Tec-City (GIFT City), on the Alt DRX platform, enabling fractional ownership of the asset through a tokenised structure that allows investment starting from the equivalent of one square foot. The listing, announced earlier in the past week, marks the first such asset under Alt DRX’s Gujarat Tri-City Investment Opportunity, which covers the Ahmedabad, Gandhinagar and GIFT City corridor. Advertisement
The initiative introduces a model that seeks to address longstanding barriers in residential real estate investment, particularly high entry costs, limited liquidity and transaction complexity. Under the tokenised framework, investors can acquire fractional ownership in the VIDA project, with each unit of investment linked to a defined portion of the underlying physical asset. The structure is designed to retain the legal enforceability associated with traditional property ownership, including stamp-duty-backed rights, while enabling digital transactions.
Residential real estate in India has historically required significant upfront capital, with ticket sizes in major urban markets typically ranging from INR 75 lakh to INR 3 crore. In addition, the sector has been characterised by extended holding periods and limited resale liquidity. The tokenisation approach adopted in this case seeks to reduce the initial investment threshold and facilitate entry and exit through a digital platform, thereby expanding access to a wider pool of investors.
According to Nila Spaces, the VIDA project forms part of GIFT City’s emerging residential landscape, which has seen increasing interest alongside the development of the financial hub. The company’s managing director and chief executive officer, Deep Vadodaria, indicated that the initiative was intended to enable broader participation in real estate investment by allowing individuals to diversify into premium developments through smaller ownership units, while remaining anchored to a tangible asset.
Alt DRX, which provides the digital infrastructure for the transaction, stated that the listing reflects growing demand for technology-enabled real estate investment models. Its co-founder, Avinash Rao, conveyed that the platform aims to make housing investments more accessible and flexible, particularly in high-growth markets such as the Gujarat Tri-City region. He further indicated that the integration of digital systems with established developers is intended to streamline processes related to onboarding, ownership management and transaction execution.
The company highlighted that the tokenised asset remains denominated in INR and is currently outside the regulatory purview of the International Financial Services Centres Authority (IFSCA). It added that separate efforts are underway within the regulatory sandbox framework to explore offshore, USD-denominated assets subject to approvals.
The listing of VIDA reflects a broader shift towards technology-driven models in real estate investment, particularly in markets such as GIFT City, where institutional development and infrastructure growth continue to shape demand. By combining fractional ownership with digital transaction systems, the initiative introduces an alternative route for participation in residential real estate within a regulated ownership structure.
5th Jun, 2025
25th May, 2023
11th May, 2023
27th Apr, 2023
Advertisement
Facebook
Whatsapp
