“To design a CBD that will serve as a paradigm for Next Class city in terms of quality of life, infrastructure and ambience aiming to be high-density and high-rise, treating land as a precious resource.”
GIFT is conceptualized as a global financial and IT services hub, a first of its kind in India, designed to be at or above par with globally benchmarked financial centers such as Shinjuku, Tokyo, Lujiazui, Shanghai, La Defense, Paris, London Dockyards etc.
|Land Area (sq km)||1.6||1.6||1.05||1.7||3.58|
|Construction Scale (in mn sq m)||2.5||1.6||1.1||4.5||8.5|
|Greenbelt (in thousand sq m)||40||120||50||363||1183|
Source: Master Plan Documents, ECADI/Fairwood
* 120 mt height permission received from AAI, various studies underway as to recommend height relaxation in GIFT up to 400 mt.
GIFT is planned as a financial Central Business District (CBD) between Ahmedabad and Gandhinagar as a greenfield development. GIFT shall be a part of the future urban complex of Ahmedabad & Gandhinagar. GIFT is designed as a hub for the global financial services sector. More particularly, state-of-the-art connectivity, infrastructure and transportation access have been integrated into the design of the city.
GIFT Master Plan reflects a sophisticated planning approach that integrates the intended program into the existing context of both the site and the region. The GIFT development is expected to become a contemporary model development in India, advancing the ideas of sustainability and ecology. The project regenerates the area as high-quality, mixed use district of residential, commercial and open space facilities that optimize land and real estate values.
The vision for GIFT is achieved through the objectives which are enumerated as follows:
- To develop a new format for globally benchmarked Integrated City;
- To propose a road map for fast track development and implementation;
- To make the city scalable in each & every aspect for a distant future;
- To derive the city format from fast changing lifestyles & new technologies;
- To achieve an image of Global city, that keeps pace with modern technologies.
Propelled by a competitive economy anchored on commerce and related industry, GIFT, envisaged as an Eco-City, will serve as the Vibrant Hub of Western India and as a habitat showcasing business oriented, environmentally-sensitive growth with equity. The fundamental principles of life and livability lays the foundation for the city.
Basic Principles :
The development of GIFT offers a significant opportunity to be a test-bed to drive reforms and innovation in various fields including in delivery systems, local government, physical planning, infrastructure development, environmental protection and so on. Getting these foundation principles right is crucial to plan and execute the development strategies.
Fulfillment of Human Needs for
- Safe and clean environment,
- Food & Shelter,
- Useful and satisfying employment.
Maintenance of Ecological Integrity Through
- Low energy consumption,
- Careful stewardship,
- Reduction in wastes,
- Protection of diverse and important natural species and systems.
Special Economic Zone
Special Economic Zones (SEZs) aim to attract Foreign Direct Investment (FDI) and improve the economy by exporting products and services and finding market globally. They are specifically delineated areas where units may be set up for specified purposes of manufacturing or trading or rendering services or providing warehousing facility for export. SEZs are treated as a foreign territory for the purposes of trade operations, duties and tariffs, i.e., goods and services going into SEZ are treated as exports and goods and services coming from the SEZ as imports. SEZs provide easy access to global trading hubs that facilitates the flow of capital, movement of goods and economies of scale, all of which are critical for success of an SEZ.
They offer well-developed areas of infrastructure with built up space, power, water supply, transport, housing etc. including physical and social infrastructure facilities.
They are expected to benefit the economy in multiple ways like:
- Generation of additional economic activity,
- Promotion of export of goods and services,
- Promotion of investment, both foreign and domestic,
- Creation of employment,
- Development of infrastructure.
To attract FDI and overcome the shortcomings experienced in terms of governance, infrastructure, etc., in the Year 2000, Ministry of Commerce and Industries announced the SEZ policy. After this, in Year 2005, the Government passed the SEZ Act, 2005 supported by SEZ Rules, 2006. It envisages key role for the State Governments in Export Promotion and creation of related infrastructure and a simplified approval mechanism through constitution of Board of approval.
The site for GIFT City is 12 KM from the Ahmedabad International Airport and 8 KM from Gandhinagar. The site abuts a four lane National Highway (NH8) which connects Ahmedabad and Gandhinagar on its eastern side and the Sabarmati River demarcates the western boundary of the project site.