What is the concept of GIFT City?
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.
How do I start a business in GIFT City?
Starting Business at GIFT SEZ
- Submission of Interest Letter/Mail to Co-developer by the organization for taking up space in GIFT SEZ for setting up unit in GIFT SEZ-IFSC.
- Co-developer will give the Proposal to the applying organization for taking up space in incubation facility in GIFT SEZ.
What are the benefits of GIFT City?
8. What are the key tax benefits of setting up AIFs in IFSC, GIFT City? From a tax perspective, IFSC offers attractive tax benefits including a 100% tax exemption on business income for 10 consecutive years out of 15 years (“Tax Holiday”) and exemption from levy of GST for entities in IFSC.
Is GIFT City operational?
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….Gujarat International Finance Tec-City.
| GIFT City | |
|---|---|
| Country | India |
| State | Gujarat |
| District | Gandhinagar |
| Metro | Gandhinagar |
Will GIFT City be a success?
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….Gujarat International Finance Tec-City.
| GIFT City | |
|---|---|
| Vehicle registration | GJ1 |
| Website | giftgujarat.in |
Is gift city operational?
What are the advantages of GIFT City Gujarat?
The GIFT City Advantages 1 Strategic Location 2 Integrated Development (Office, Residential & Institutional) 3 Multi Services Special Economic Zone (SEZ) 4 India’s 1st International Financial Services Centre (IFSC) 5 Smart, Sustainable & Green Infrastructure 6 Single Window Clearance 7 Quality of Life 8 Talent availability
Which is the new business district in Gujarat?
GIFT City is a planned business district in Gujarat, India. GIFT City is a planned business district in Gujarat, India. It is the new business destination offering competitive edge to Financial services and Technology related activities.
How big of an area is GIFT City?
GIFT City is an integrated development on 886 acres of land with 62 mn sq. ft. of Built Up area which includes Office spaces, Residential Apartments, Schools, Hospital, Hotels, Clubs, Retail and various Recreational facilities, which makes this City a truly “Walk to Work” City.
What is the purpose of gift in Ahmedabad?
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.