A New Icon Rises: GIFT Eye to Redefine Urban Entertainment in India
Gujarat International Finance Tec-City, popularly known as GIFT City, is on the brink of unveiling a groundbreaking project that will redefine the city’s skyline and reinforce its position as a global hub. Enter GIFT Eye, a colossal Ferris wheel that’s set to surpass the iconic London Eye in height and visual grandeur.
Spread across 20.5 acres of prime riverfront land, GIFT Eye is not just a ride—it’s a symbol of ambition, innovation, and the future of urban social infrastructure in India.
Bigger Than the London Eye: A Giant Leap in Urban Landmarks
The upcoming GIFT Eye will rise to an impressive 158 meters—that’s 23 meters taller than the London Eye, which stands at 135 meters. It will span over 1.5 million square feet, making it one of the most massive entertainment structures in Asia.
The Airport Authority of India (AAI) has already issued a No Objection Certificate (NOC) for the project, clearing one of the biggest regulatory hurdles. This move has opened doors for developers to begin the next phase of planning and construction.
Social Infrastructure at Its Finest: Building for Lifestyle and Livability
As GIFT City continues to evolve into India’s premier international financial and technology hub, the focus has expanded beyond business infrastructure. Real estate developers and urban planners are now working to create a well-rounded lifestyle ecosystem that includes retail, entertainment, and leisure.
GIFT Eye stands at the heart of this vision, designed not only to attract tourists but to provide an elevated standard of living for residents, professionals, and entrepreneurs working in and around the city.
According to Jaxay Shah, Founder and Chairperson of Savvy Group, this is “the missing piece in the puzzle” of integrated city development. Savvy Group, a key investor in GIFT City’s commercial and residential landscape, views the Ferris wheel project as a catalyst for long-term growth, culture, and community engagement.
Strict Qualifications for Bidders: Only the Best Will Build the GIFT Eye
To ensure the highest standards in design, engineering, and execution, GIFT City authorities have outlined rigorous eligibility criteria for companies vying to build the landmark. Interested bidders, including consortiums and special-purpose vehicles (SPVs), must meet the following qualifications:
A net worth of at least ₹10,000 crore (approximately $1.2 billion) as of the last financial year.
Completion of three real estate projects in the last six years, each with a minimum built-up area of 1.5 million sq. ft., designed by renowned architects.
Proven experience in developing at least one project on a land parcel of 21 acres or more.
Successful completion of at least one mall spanning 0.5 million sq. ft. in the last six years.
These criteria not only filter for financial strength but also ensure that only the most capable and experienced firms take on the task of constructing India’s newest global landmark.
GIFT Eye: Beyond Tourism—A Vision for Smart Urban Growth
The GIFT Eye project isn’t just about building a giant wheel; it’s about elevating the entire urban experience. It signals a shift toward integrated development where entertainment, lifestyle, business, and real estate intersect.
GIFT City already boasts cutting-edge commercial real estate options, including Grade-A office spaces, tech parks, fintech zones, and residential towers. Adding a cultural and recreational icon like GIFT Eye enhances the city’s appeal for global investors, entrepreneurs, and top-tier talent.
Investing in GIFT City: Why Now Is the Right Time
As the skyline of GIFT City begins to sparkle with bold innovations like the GIFT Eye, the real estate potential in this planned city is skyrocketing. Whether you’re looking to buy commercial space, invest in residential towers, or establish your corporate presence in a tax-friendly SEZ, GIFT City offers unparalleled opportunities.
In addition to world-class infrastructure, the city offers smart governance, global connectivity, and future-ready amenities—all crucial ingredients for businesses and individuals seeking long-term growth.
GIFT Eye: A Symbol of India’s Rising Global Aspirations
With construction plans in motion, GIFT Eye is poised to become not just an engineering marvel but a cultural beacon for Gujarat and India. It places GIFT City on the global tourism map alongside cities like London, Dubai, and Singapore.
For developers, investors, and visionaries, GIFT Eye is more than a tourist attraction—it’s a statement of intent. It signifies that India is ready to build, dream, and lead on a global scale.
Be Part of the Future with GIFT City
If you’re ready to be part of this transformative journey, now is the time to invest in GIFT City. From iconic landmarks to thriving business zones and high-yield real estate, the city is shaping up to be a crown jewel of India’s smart urban future.
Get in touch with RUMI Global Properties, your trusted real estate consultants in GIFT City, and explore the best opportunities in one of India’s most ambitious cityscapes. GIFT Eye is just the beginning.
Leave a Reply