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India’s first operational smart city along with International Financial Services Centre (IFSC), GIFT City in Gandhinagar, Gujarat, is a fast-emerging global hub for business, finance, and real estate. Designed as a futuristic mixed-use township, it combines world-class infrastructure, investment-friendly policies, sustainable development, and a rapidly growing corporate presence. For NRIs, GIFT City offers not just promising returns but also international-standard living and working spaces, making it one of the most attractive real estate destinations today.
The growth trajectory of GIFT City is remarkable. At present, about 4,500 residential units are under construction, along with central parks, malls, theatres, and recreational areas. These developments are set to enhance liveability and boost real estate demand in the city along with global corporations strengthening the city’s profile. IBM has established a 60,000 sq. ft. facility, Capgemini operates from 45,000 sq. ft., and Google is exploring opportunities with leading global investors. Such large-scale investments highlight the city’s appeal as a hub for both businesses and residents.
One of the biggest advantages of GIFT City is its policy framework. With single-window clearance, fast approvals, and tax benefits such as zero GST and a 10-year tax holiday, it ensures the ease of doing business and directly fuels demand for both commercial and residential real estate. Technology and sustainability also play a crucial role in the city’s growth. Relaxed norms are attracting financial and business institutions, creating ripple effects on real estate demand. It has also received the IGBC Green Cities Platinum rating, the first for a Greenfield Smart City in India. With 35% public green spaces, 100% green-certified buildings, integrated land use, and metro connectivity, it stands as an example of sustainable urban planning.
Commercial real estate is witnessing strong traction, with presence of 23 multinational banks including Barclays, HSBC, J.P. Morgan, Deutsche Bank, and Standard Chartered, along with 35 fintech firms, two international stock exchanges, India’s first bullion exchange, and two Australian universities, underlines the growing stature of the city. Out of 886 acres being developed, 261 acres have been allocated to the Special Economic Zone (SEZ), which further strengthens its role as an international financial hub.
As far as residential real estate is considered, reputed developers are launching premium projects to cater to the rising demand. Residents benefit from leisure areas, education and healthcare institutions of global standards, the luxurious GIFT Club, and proximity to retail and entertainment spaces, making it an ideal destination for both professionals and families. Retail and entertainment are emerging as important elements of this mixed-use township. Shopping centres, theatres, and lifestyle hubs are being developed to serve thousands of employees and residents, attracting international retail and entertainment brands.
What truly differentiates GIFT City is its futuristic infrastructure. Smart systems are designed for not only the present needs but also for future growth. Green architecture, a district cooling system, India’s first underground utility tunnel, robust power and water infrastructure, advanced transport systems, and a central command and control centre together create an environment that makes GIFT City unique. Eco-friendly construction ensures long-term sustainability, and the city’s close proximity to Sardar Vallabhbhai Patel International Airport and major highways provides excellent connectivity for both residents and businesses.
The demand for real estate in GIFT City is rising steadily, driven by multinational firms, fintech companies, and an expanding workforce. Progressive policies, strong appreciation potential, and lifestyle benefits are making it a top choice for NRIs. The projected growth of over 1 lakh residents in the coming years will further accelerate housing demand. On the supply side, development is keeping pace with strong government backing, planned infrastructure, and private investments. Both commercial and residential offerings are expanding rapidly, ensuring a steady stream of opportunities for investors and end-users.
For NRIs, GIFT City represents the perfect blend of ease, convenience, and international standards. With its world-class infrastructure, sustainable design, and future-ready plans, it is not only a promising real estate destination but also a place where NRI’s can confidently invest, grow and live. With the growth opportunities ecosystem, GIFT City is set to become one of the most attractive destinations to invest money in both commercial and residential real estate. Investors who are looking for attractive Rental Yields can definitely look at GIFT City as it continues to attract corporates & institutions, which are supported by the incentives and benefits offered, which in turn adds to the overall expansion of them.
- By Mr Nishant Kohli Founder, NRI Nivesh
