GIFT City - Gujarat

Gujarat International Finance-Tec City 

GIFT City is a global financial hub is supposed to be India's first smart city with next class infrastructure. Founded by the P.M. Narendra Modi, it is a business district promoted by a government of Gujarat through a Joint Venture Company.

Ambition

When P.M. Modi was Chief Minister of Gujarat in 2011 kicked off an ambitious project to develop a financial hub in the style of Singapore and Dubai. All within a decade, the developers were given work of transforming a place into a city with more than 100 skyscrapers supporting more than 1 million jobs. Now within its start of the project, nearly eight years, GIFT City supports 9000 jobs and only 3 million of its 62 million square feet of planned development.

The most ambitious Gujarat International Financial Tec-City (GIFT City), is estimated Rs 11k crore of investments has been parked, a brand has been built and a city that houses the country's first International Financial Service Center (IFSC) has come alive on the dry riverbanks of Sabarmati in Gujarat.

About 25% of the total promised development in this project which houses India's first IFSC has either finished and some arts under-construction. artistically designed to serve as a paradigm for a classic city in terms of quality of life, Infrastructure, ambiance, and also to be above global benchmarks such as in Shinjuku, Tokyo, Lujiazui, Shanghai,, Paris, London, etc. to be constructed between Ahmedabad and Gandhinagar. Being a Green Field Development Project intended to serve as a hub for the global financial service sector with state of the art connectivity, infrastructure, and transportation access being integrated into the design of the city.

Necklace of Iconic Building

GIFT City contains a necklace of artistically designed 127 high rises, in which 28 are residential, all with glittering glass facades located on the curve of Sabarmati River. The building with 100-220 meter height will be constructed in a phased manner and 60% of the total area will compromise the green belt. In addition to the above, the city will also house entertainment area which is designed to fascinate, mesmerize and entertain visitors. GIFT City has also received the go-ahead for exhibition center ( double the size of Delhi's Pragati Maidaan) at an investment of Rs 500 crore. The center will have a built-up area of 1.4 lakh square meters and house column less air-conditioned exhibition halls, library, export promotion centers, and amphitheater.

Upcoming Project

The commissioning of the first tower of GIFT city named GIFT ONE in January 2013 is the first major milestone towards making GIFT the country's first IFSC. Recognizing the potential of the States as a center for the financial services industry, the Government of Gujarat formulated GIFT to realize this vision and spread it over an area of 886 acres. It is estimated that the overall cost for the development of the world-class infrastructure in the city would be around 10000 crores. The main goal behind the hub in India which is imperative for economic growth and will help to bring more jobs and creating more business in India

In August 2012, the project won the most prestigious award in the category of the Best Industrial Development & Expansion at the Infrastructure Investment Awards 2012.