GIFT City - Gujarat Skip to main content

GIFT City - Gujarat

Gujarat International Finance-Tec City 

GIFT City, Gujarat
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.


GIFT City, Gujarat's smart city
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.
GIFT City, Gujarat's smart city
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, Gujarat's smart city
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

GIFT City, Gujarat's smart city
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.


Popular posts from this blog

Great Man-Made River (GMR)

Libya's Great Man Made River: The Great Man-Made River in Libya is one of the most ambitious Civil Engineering Project in history of mankind.  In the year 1953, the Libya Government found out not only vast oil reserves but also vast quantity of fresh water locked under the strata, most of the water was trapped around 7000-30000 years ago which is divided in 4 different basins. The first basin is named Kufra basin which is neat Egypt Border which covers almost 35000 sq kilometer which is quite deep around 2000 m deep. The other basin is in Sirte Basin which cover 10000 sq kilometer, third in Murzuk Basin and the last in Jabal Fezzan Basin covering 4800 sq kilometers area.  The GMR project will be used to transfer water to North of the country to provide water for irrigation purpose for more than 6 million  people. This will be a changing point  for Libya and the Colonel Muammar Gaddafi called it the Eighth Wonder of World. The work started in 1984 of the project and estimated to be