Invest Smartly & Experience The Ultimate Living Experience at GIFT CITY
Today, GIFT City is rapidly evolving as one of the most sought-after destination of Gujarat for businesses as well as investments. Touted to be India’s first planned Global Business District, there is hardly anyone who isn’t aware of this International Finances Services Centers. Before we move forward, let us explore what the government’s vision was behind this giant project located between Gandhinagar & Ahmedabad.
“Recognizing the potential of the State as a Centre for the financial services industry, the Government of Gujarat formulated a mega project to realize this vision. Thus, land between the commercial capital of the State, Ahmedabad, and the Administrative Capital of the State, Gandhinagar, was identified for the development of a Central Business District (CBD). The City is planned on 886 acres of land with 62 mn sq. ft. of Built Up Area which includes Office spaces, Residential apartments, Schools, Hospitals, Hotels, Clubs, Retail and various Recreational facilities and has been named as the Gujarat International Finance
With the Business District’s foundation stone laid back in 2012, it is picking up pace and attracting notable business and real-estate names, along with governmental support, leading it to become an increasingly favorable center for business and investment purposes. For instance, according to a report by Economic Times, the number of entities at GIFT City rose to 265 this year from 140 in 2019 with banking transactions exceeding $125 billion in value by August. There has been a 62% rise in the number of entities setting up operations in GIFT City in the past year.
Infrastructure for Sustainable Living
Gift City focuses on sustainable development and offers an eco-friendly infrastructure. The city features green buildings, efficient waste management systems, renewable energy initiatives, and a commitment to creating a clean and healthy environment. These sustainable practices contribute to the desirability of residential properties in the area.
Real Estate Growth Potential : With its rapid development and increasing demand, the real estate market in Gift City has shown significant growth potential. Property prices have been appreciating, making it an attractive investment option for buyers and investors. Whether it’s commercial spaces, residential apartments, or retail properties, the market in Gift City offers a diverse range of real estate options to cater to various needs and budgets. Gift City is designed very smartly. There are two terrify zones SEZ & DTA. SEZ is the Special Economic Zone for Export activities with SEZ benefits by Indian & International firms. In the SEZ area ATS savvy-pragya , Brigades BIFC, Hiranandani-the-signature projects are coming. River facing savvy-marina by savvy group has started construction. Bakeri Group, Shilp-north by Shilp Group will start their residential projects very soon. Business Drives Real Estate Demand
In DTA Zone many residential projects’ construction work is in full swing of configuration of Studio Apartment, 1BHK, 2 BHK, 3 BHK and 4 BHK. Sobha Dream Heights and Sangath Groups Smart life will start handing over apartments from 2024. /reva-by-kaavyaratna, Nila Spaces’ VIDA are coming up with premium residential projects. Plots have been allotted to many developers who will be starting construction very soon.
DTA is the Domestic Tariff area where plots allocated for Commercial, Residential, Public Social Facilities by GIFT Authority and Social Facilities by private players. In the DTA Area GIFT 1 & GIFT 2 are operational. Two towers by World Trade Centre is about to complete. REGALIA group is coming up with 33 floor premium commercial spaces offering retail showroom and office spaces ranging between 100 to 10000 sq.ft.
As more and more businesses establish their offices in GIFT City, they are likely to attract human resources not only from India but also cross the world, paving the way for World-Class Residential Infrastructure projects. The upcoming riverfront on the banks of river Sabarmati on the boarders of GIFT City, will definitely remind people the Dubai Marina.
As per the recent interview of Ahmedabad’s noteworthy firm Savvy Infrastructure, the group in GIFT City area and allocated investments above INR 1000 cr. In this SEZ special economic zone in coming years.
Gift City presents a unique opportunity for real estate investors and businesses alike. Its prime location, world-class infrastructure, thriving business ecosystem, and SEZ benefits make it a promising destination for property investments. Whether you’re looking for commercial spaces to establish your business presence or residential properties for long-term growth, Gift City has the potential to deliver attractive returns on investment. Keep an eye on this dynamic city as it continues to evolve and offer exciting opportunities in the real estate sector.
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