GIFT meaning in Regional ?

Answer: What is Gujarat International Finance Tec-City mean?

Gujarat International Finance Tec-City (GIFT City) is an under-construction central business district in Gandhinagar in Gujarat, India. It is India's first operational greenfield smart city and international financial services center, which the Government of Gujarat promoted as a greenfield project, The city is located on the banks of the Sabarmati River and is around 12 km (7.5 mi) from Sardar Vallabhbhai Patel International Airport. The city is designed so residents can walk to work, and includes commercial,financial and residential complexes.

The city is connected though 4-6 lane State and National Highways. A double corridor metro system is being constructed to connect GIFT City to the nearby airport and various parts of Ahmedabad.

The idea for GIFT was conceived during the Vibrant Gujarat Global Investor Summit 2007 and the initial planning was done by East China Architectural Design & Research Institute (ECADI), which planned much of modern-day Shanghai. The GIFT City's plan is for 359 hectares (886 acres) of land to have approximately 110 buildings with 5,800,000 m2 (62,000,000 sq ft) of built-up area, of which around 67% is commercial, 22% is residential and 11% is social facilities. As of April 2021, 190,000 m2 (2,000,000 sq ft) of commercial space is operational and another 280,000 m2 (3,000,000 sq ft) is under development. As of April 2021, an investment of ₹10,500 crore has already been committed for GIFT City. The city has an integrated development model, which has been spread out in three phases, each of which is designed as integrated, sustainable development The first phase includes development of office space, residential, school, hotel and clubs.

As of April 2021, about 225 units/companies are operational and more than 12,000 professionals are employed in the city.

reference

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