GIFT city emerging India’s first greenfield smart city
The Hindu
It’s operational with more than 200 entities which have set up their offices
Around seven km from Gujarat’s capital Gandhinagar, on the banks of the Sabarmati river in approximately 886 acres, once a barren land along the river is now emerging as the country’s first greenfield integrated city — a dream project Prime Minister Narendra Modi had envisaged as Chief Minister.
Now operational with more than 200 entities which have set up their offices where more than 12,000 people are working, the Gujarat International Finance Tec City (GIFT City) is India’s first and only International Financial Services Centre (IFSC) where banks, stock exchanges and financial services firms have set up their global operations.
As per the plans, 886 acres will be provided to develop nearly 62 million square feet built-up area constituting 67% commercial, 22% residential and 11% social space.
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