Gujarat International Finance Tec-City: A Magnificent Financial Hub

GIFTGIFT is an extremely ambitious project. Under construction now and will be built on 500 acres of land, Gujarat International Finance Tec-City is again another vision of the honorable CM of the ever growing state analogous to the Dholera SIR project. The analytics predict that this commercial zone has the capacity to employ 3 million mortals, constitutes 5% of GDP and has an estimated market capitalisation of over $ 200 billion.

It is a project to take the infrastructure level beyond what is present in India. It will have a special economic zone (SEZ), international education zone, integrated townships, an entertainment zone, hotels, a convention center, an international techno park, Software Technology Parks of India (STPI) units, shopping malls, stock exchanges and service units.The MakersThe Government of Gujarat undertaking Gujarat Urban Development Company Limited (GUDCL) and Infrastructure Leasing & Financial Services Ltd (IL&FS) have formed a Joint Venture Company, Gujarat International Finance Tec-City Company Limited (GIFTCL), which will be the main promoters of the project.LocationIt is located on the bank of the Sabarmati River and is around 12 km from AhmedabadInternational Airport, 8 km from Gandhinagar and nearby shahpur village. GIFT is easily accessible from all directions through 4-6 lane State and National Highways.Business StructureProcessing Area: It will contain the major offices like the International Financial Service Centre (IFSC), International Techno Park and International Market Zone, insurance services and other trading exchanges.Non-Processing Area: It will contain other commercial and official buildings, service apartments and residential flats, hotels, restaurants, shopping centres, medical centres and entertainment centres.Social Facilities: It will offer Schools, clubs, hotels, exhibition centre, language school and affordable housing.Important LandmarksThe Diamond Tower: The height of this tower will be greater than 400 m and shall house 80 floors.The Gateway Towers: These beautiful two towers will mark entrances to the city from public streets.The Crystal Towers: This will be one of the most beautiful buildings of the city skyline.Also there are other marvels such as the exhibition centre that reflects the image of bodhi tree with its multiple curve architecture and the ambient entertainment centre across the Sabarmati River.Current StatusAs of now, proposed GIFT city’s land leveling work is finished. Two commercial towers, each of 29 floors are under construction. The second phase construction of roads and bases of buildings is expected to be completed in 2013. The third phase planned period for construction and commencement is 2013-2017.GIFT is highly engineered to provide all the facilities of proper water supply, power, technology and transport. It also innovates in the much needed strategies of solid waste management and district cooling system.The time is near when the companies will flock to the GIFT city. Also Ahmedabad attracted about Rs.71, 270 crore investments in various sectors, including realty and infrastructure. This is alarming for other cities but Gujarat is really becoming the epitome of development.займ на карту без отказов круглосуточновзять кредит онлайн

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