Gujarat International Finance Tec-City (GIFT City) plans to triple its operational area by 2,300 acres by incorporating four neighbouring villages in Gandhinagar district. Private developers will develop these villages, with a combined population of 25,000. Urban planner Bimal Patel will create the master plan. The expansion will follow GIFT Urban Development Authority regulations, with GIFT City Company owning 741 acres. The expansion aims to enhance GIFT City’s prominence as a business and financial hub. Gujarat International Finance Tec-City, popularly known as GIFT City, is all set for a massive transformation with plans to expand its area and capacity three-fold. This ambitious step is aimed at turning
GIFT City into one of the most competitive global financial hubs, attracting investments, creating jobs, and boosting India’s position in the global services economy. The three-fold expansion is not merely about increasing physical space. It is about scaling infrastructure, boosting operational capacity, and diversifying services. The vision is to provide a one-stop destination for financial, IT, and allied services, where companies can operate in an environment that matches and even surpasses leading global financial centres such as Singapore, Dubai, and London. By integrating world-class urban planning with state-of-the-art business facilities, the expansion aims to make GIFT City a role model for sustainable and tech-driven cities in India.
Current Success and Global Recognition
At present, GIFT City is already home to several global banks, financial institutions, and fintech start-ups. It operates under the International Financial Services Centre (IFSC) framework, which gives it regulatory flexibility and tax benefits. This has allowed it to attract investments not only from domestic businesses but also from international corporations looking to establish an India base. According to (GIFT City’s) the project has already facilitated billions in transactions and is seeing steady growth in international business registrations. The planned expansion will multiply this effect, offering larger commercial spaces, improved residential zones, and cutting-edge infrastructure.
What the Expansion Entails
The expansion plan covers:
- Land Area Increase – The current 886 acres will be scaled up to accommodate triple the existing capacity, ensuring space for new commercial complexes, residential areas, and public utilities.
- Advanced Infrastructure – High-speed data connectivity, automated waste management, smart traffic systems, and renewable energy integration will be core elements.
- Sectoral Diversification – While finance remains the primary focus, sectors like green finance, insurance, aviation leasing, and blockchain-based trade settlements will get a strong push.
Economic Impact on Gujarat and India
The economic ripple effect of this expansion will be substantial. With more companies setting up in GIFT City, employment opportunities will grow in finance, technology, legal, and consultancy sectors. Gujarat’s real estate, hospitality, and logistics industries will also see a significant boost. Moreover, GIFT City’s growth will contribute to India’s GDP by attracting foreign capital inflows and promoting export-oriented services. The city is also expected to play a key role in India’s push to become a $5 trillion economy by leveraging global financial trade.
The expansion will incorporate green building norms, renewable power generation, and eco-friendly transport solutions. By prioritizing sustainability, GIFT City aims to set a benchmark for future smart cities in India. The (Construction) integration of electric vehicle infrastructure, extensive green belts, and rainwater harvesting systems will make it both an economic and environmental success story. This approach aligns with India’s commitment under the Paris Climate Agreement to reduce carbon intensity and promote sustainable urban growth.
The location of GIFT City, near Ahmedabad and Gandhinagar, ensures strong road, rail, and air connectivity. The upcoming bullet train project and improved expressway links will further shorten travel times for domestic and international professionals. In terms of ease of doing business, GIFT City operates under special economic zone (SEZ) rules and IFSC regulations, which allow companies to operate with minimal red tape and benefit from tax incentives. Businesses can explore more details through
With the three-fold expansion, GIFT City is poised to become India’s financial crown jewel, competing head-to-head with established international hubs. The government’s strong backing, along with private sector participation, ensures that the growth plan will be executed with speed and precision. As the project progresses, it is likely to attract a new wave of global enterprises, making Gujarat a preferred destination for international trade, finance, and innovation. The expansion is more than just a physical transformation — it is a strategic step towards making India a central player in the world’s economic network.
Q1 What is GIFT City?
GIFT City is India’s first International Financial Services Centre in Gujarat.
Q2 Why is GIFT City expanding?
To attract global investors, create jobs, and strengthen India’s financial hub status.
Q3 By how much will it expand?
The city will triple its size from the current developed area.
Q4 How will the expansion benefit the economy?
It will increase trade, investments, and employment opportunities.
Q5 When will the expansion be completed?
The phased development is expected to complete over the next decade.
