Gujarat International Finance Tec-City (GIFT City) is rapidly emerging as a powerhouse in India’s urban development and real estate sector. Located in Gujarat, this futuristic smart city and international financial hub combines cutting-edge technology with eco-friendly infrastructure, making it a prime destination for both residential and commercial real estate investments. GIFT City Real Estate Development India
Offering high-speed internet, a reliable power supply, efficient waste management systems, and smart utilities, GIFT City provides an ecosystem ideal for businesses, residents, and global investors. Naturally, it has become a hotspot for major real estate developers, all eyeing a piece of its promising future.
Why Real Estate Developers are Choosing GIFT City
Real estate developers are increasingly drawn to GIFT City for one main reason — ease of doing business. With transparent regulatory frameworks and a single-window clearance system, project approvals are faster and smoother than in most other Indian cities.
Moreover, the government’s commitment to creating a smart urban space backed by excellent infrastructure has made the city’s development journey incredibly appealing to investors and builders alike.
What Existing Companies at GIFT City Have to Say
Blackstone’s Fintech One: A Game-Changer in Commercial Real Estate
Quaiser Parvez, CEO of Nucleus Office Parks and Blackstone Offices, shared his thoughts:
“Real estate project development is highly unpredictable, as we never know how long a project will take or what outcomes it will generate. However, GIFT City’s transparent regulations, structured layout plans, and focused development vision make project planning and delivery far more predictable.”
He also pointed out that their project, Fintech One, is GIFT City’s largest commercial real estate investment to date. As of now, 40% of the total commercial occupancy area has already been leased out, showcasing strong interest from major players.
Importantly, Fintech One is now home to some of the biggest names in the industry:
IBM occupies 60,000 sq. ft.
Capgemini has leased 45,000 sq. ft.
Google is in talks to lease 20,000 sq. ft. and expand operations by mid-2024
GIFT City is attracting Fortune 500 companies and redefining what’s possible for commercial real estate in India.
The New Player in Town: Shivalik Group
Introducing India’s First Twisted Tower – CURV
The Shivalik Group, known for its luxury developments across Gujarat, is set to develop 4 million sq. ft. in GIFT City, comprising two commercial and two residential projects. According to Managing Director Taral Shah, their flagship commercial tower CURV will be India’s first twisted tower, expected to launch before Diwali.
Although bookings will only begin after receiving RERA approval, the project has already garnered a large number of Expressions of Interest (EOIs).
Mr. Shah highlighted GIFT City’s offerings, such as:
Centralized air conditioning
Captive power plant
Streamlined payment systems
Automated garbage collection
Sewage management
Single-window approvals
These features, combined with international marketing support from the authorities, have made development in GIFT City highly attractive.
“GIFT has transformed the skyline and inspired local developers to level up, compete globally, and embrace innovation,” Shah stated.
Government Backing and Global Exposure
Both state and central governments are making a strong push to promote GIFT City globally. These efforts give developers the confidence to experiment, adopt modern technologies, and deliver world-class real estate projects.
Therefore, this government push ensures that demand remains high, allowing developers to innovate without fear of poor market response.
Final Verdict: A Blueprint for India’s Real Estate Future
GIFT City is not just another urban center—it is a bold vision brought to life. With its smart infrastructure, efficient governance, global partnerships, and a thriving business ecosystem, it represents the future of real estate in India.
The transformation is already happening. Developers are seeing results, international companies are setting up offices, and the skyline is evolving faster than ever before.
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