GIFT City is set to grow by more than 15 per cent, with plans to add 161 acres to its existing 1,065-acre footprint, taking the total area to over 1,220 acres as India’s flagship financial hub enters its next phase of expansion.
The increase in size will come from a mix of riverfront land reclamation and allocation of contiguous government land, marking a renewed push to scale up the city after an earlier attempt to expand its notified area was rolled back by authorities.
“We will be getting some more land through reclamation as part of the Sabarmati riverfront development. This is about 31 hectares which is on the river bank and will entail a different master planning,” Sanjay Kaul Managing Director and Group CEO of Gujarat International Finance Tec-City Company Ltd — a State-owned entity that builds, plans and manages the city’s core development — told businessline in an exclusive interaction at his office in Gandhinagar. He added that six entities — including four global firms —are in contention, with a reputed master planner set to be appointed.
