GIFT City invites real estate developers to build offices

Gujarat International Finance Tec-City (GIFT City) has sought proposals from real estate players for the development of office buildings in its SEZ as well as non-SEZ areas.
GIFT City has already made allotments of over 15 million square feet of built up area (BUA) in the SEZ and non-SEZ area for development of offices, residential apartments and other facilities to be developed at an estimated investment of more than Rs 10,000 crore.
"Construction work for Gujarat's first World Trade Centre (WTC) in GIFT City is also in full swing. We now invite other internationally and nationally acclaimed developers to become part of the GIFT City project which is now emerging as a new business destination," Ajay Pandey, MD & Group CEO, GIFT City said.

"These projects once completed would also generate several thousands of direct and indirect employment opportunities," he further added.
In order to meet the growing demand in the domestic and SEZ-IFSC (Special Economic Zone-International Financial Services Centre) area, more office buildings are needed to provide the required office space for BFSI and IT players.