Located at Gandhinagar, the capital city of the über-industrial Indian state of Gujarat, and nearby the state’s commercial capital of Ahmedabad, the Gujarat International Finance Tec-City will be one of the world’s largest and most modern financial hubs.
From its already lofty original development goals, GIFT has since grown manifold to literally an entire city’s central business district that will be larger than Paris’s La Defense, Tokyo’s Shinjuku, London’s Dockyards and Shanghai’s Pudong financial districts. It will house over a million people with millions more commuting there daily.
Well placed between the political and commercial capitals of Gujarat, GIFT is a public-private partnership basically designed to kick Mumbai in the FDI balls and establish itself as a world player. It will is India’s first major supertall Central Business District project that is designed to be the focal point of both the world’s and India’s booming financial services market by providing companies with all those things Mumbai is still developing: comprehensive infrastructure, power, verticalized office space, and a well designed, planned and expandable urban form. Its strong proximity and infrastructure connectivity with Mumbai ensures that mutually beneficial development occurs between the two metros.
^ An overhead view of the new GIFT CBD.
The scale of GIFT is singularly massive, unparalleled in the world except a handful of Dubai megaprojects, none of those which can hold a candle to GIFT’s goals of economic sustainability, integration and scalability.
Gujarat International Finance Tec-City will have 312 tall buildings — the tallest being the signature Diamond Tower with 87 floors; another 40 buildings with more than 50 floors and many more with 24 plus floors of height. The entire project is not only fully approved but already completely sold out due to insane demand. Construction will begin later this year.
For more information on GIFT as a whole, please check out the GIFT thread in General Urban Developments forum for a summary of the main developments and the GIFT thread in the SSC India forum for more detailed discussions.
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