GIFT City Phase 2 & GCC Expansion Zone

Education & Research

BFSI & Financial Services (New Entrants)

GCCs (Pipeline)

Global Technology Companies

Coworking Spaces (Pipeline)

SEZ / Tax Incentives

Talent Pipeline

Grade A & ESG Assets

Power & Connectivity

Nearest Metro Station (Current)

• GIFT City Station (Violet Line), operational; serves current and expansion zones

Nearest Metro Station (Future)

• *Phase 2B (Violet Line Extension):* Three new stations from GIFT City to Shahpur Circle (3.33 km); bids invited by GMRC in April 2026; will extend metro deeper into Ahmedabad's commercial belt, improving talent inflows from central Ahmedabad; planned cost ₹290.33 crore

Nearest Railway Station

• Gandhinagar Capital Station, ~15 km, *Future:* GMRC has proposed linking Sardar Vallabhbhai Patel International Airport to the metro network (₹1,800 crore plan); would create a direct airport-GIFT City metro link

Airport

• Sardar Vallabhbhai Patel International Airport, ~12 km, *Future:* Metro link to airport under planning; proposed bullet train station at Ahmedabad will place GIFT City within 2 hours of Mumbai (full corridor projected 2028)

Major Highway / Expressway

• NH-147B (Ahmedabad-Gandhinagar Expressway), direct entry; 0 km

Key Feeder Roads

• GIFT City's master plan includes a complete internal ring road and boulevard system for the Phase 2 zones connecting new towers and residential areas to the SEZ core

Nearest Mall / Amenity Hub

• New retail and entertainment infrastructure planned for Phase 2 DTA zones; Courtyard by Marriott currently operational; additional hospitality planned, Internal GIFT City development progressing; Alpha One (Ahmedabad), ~18 km

Bus / GSRTC

• GSRTC expanding routes as GIFT City's population grows; current multi-route network from Ahmedabad and Gandhinagar, GIFT GO Bus expanding schedules as new tenants come on board

Inter-city Road

• Ahmedabad, ~25–30 km, Gandhinagar Secretariat, ~8 km, Mumbai via NH-48, ~530 km (reducing to ~2 hours via Bullet Train; full corridor projected 2028) GIFT City's expansion zone is the most policy-backed commercial development pipeline in India outside the National Capital Region. Four macro-catalysts converge here simultaneously: 1. Gujarat GCC Policy 2025–30: The state government's dedicated GCC policy, targeting 250 new Global Capability Centres with ₹10,000 crore in investment, provides a structured demand pipeline. GCCs in Gujarat receive 25% capital expenditure support (up to ₹500 million), stamp duty reductions, skill development subsidies, and expedited land allotment within GIFT City. This is among the most competitive GCC incentive packages in India. 2. International Universities: The entry of Queen's University Belfast (a Russell Group institution) as a specialized Tech-Academic hub within GIFT City, offering postgraduate programs in Financial Analytics and Business Analytics, signals a new model: specialist academic institutions co-locating with financial services and technology companies to create a direct talent pipeline. Additional foreign university campuses are expected following the IFSCA's 2022 Budget announcement opening the IFSC to international universities. 3. Mumbai-Ahmedabad High Speed Rail (Bullet Train): The infrastructure project that changes GIFT City's long-term positioning is the HSR, with 345 km of viaduct completed as of 2026 and the first trial run (Surat–Bilimora section) targeted for 2026, the full 508 km corridor is projected for 2028. A 2-hour connection between India's financial capital (Mumbai) and GIFT City will mean that bankers, fund managers, and professionals can be physically present at both locations within a business day, fundamentally shifting GIFT City from a "Gujarat-only" proposition to a national financial hub with Mumbai-scale talent access. 4. GFCI and Global Ranking Momentum: GIFT City's GFCI rank of 46 (2025) with #1 for reputational advantage means it outpaces its infrastructure maturity in global perception. As Phase 2 supply comes online, the reputational lead is expected to attract institutional investors and fund managers who are already benchmarking against Singapore (GFCI 3) and Dubai (GFCI 8). The IFSCA's funds ecosystem is projected to reach $100 billion AUM by 2030, up from its current base.

Education & Research

Queen's University Belfast India Campus (specialized Tech-Academic hub within GIFT City; M.Sc. Financial Analytics and Business Analytics; first Russell Group institution in India's IFSC ecosystem), additional foreign universities under IFSCA framework (applications in process), IFSCA AI Centre of Excellence

BFSI & Financial Services (New Entrants)

IDFC FIRST Bank IBU (December 2025), Central Bank of India IBU (2025 approval), multiple domestic and foreign banks expected to expand IBU operations as Phase 2 supply comes online; funds ecosystem growing (Category-III AIF minimum reduced to $75,000 in February 2025, broadening investor base)

GCCs (Pipeline)

Companies evaluating under Gujarat GCC Policy 2025–30; sectors: BFSI technology, insurance technology, energy technology, pharmaceutical R&D

Global Technology Companies

Microsoft (Global FinTech Operation Centre evaluation for GIFT City), Google (cloud and AI infrastructure expansion into GIFT ecosystem)

Grade A IT Parks / SEZ (Under Development)

• New SEZ Tower Supply (2025–2027), multiple developers have received plot allotments in the GIFT SEZ; new Grade A towers expected to add 3–5 million sq ft of leasable office space to the GIFT City supply pipeline, Hiranandani Phase 2 GIFT City, large campus development in the SEZ by Hiranandani Group for technology and GIC companies, DTA Phase 2 Commercial Towers, mixed-use development in the DTA for domestic companies; flexible floor sizes from 500 sq ft to full-floor configurations

Managed Offices (Pipeline)

• As Phase 2 supply comes online, national managed workspace operators including Awfis, Smartworks, IndiQube, and international brands like IWG/Regus (IWG announced plans to launch Signature premium brand in Tier-2 cities including Gujarat corridor in 2025) are evaluating GIFT City locations

Coworking Spaces (Pipeline)

• Demand from GCCs, fintech startups, and international university staff is expected to catalyse the first national-brand coworking centres in GIFT City within the 2025–2027 window, IFSCA has removed minimum space requirements for certain service providers (December 2025), lowering the entry bar for workspace operators

SEZ / Tax Incentives

All incentives from GIFT IFSC and SEZ Technology Zones apply to Phase 2 supply. Gujarat GCC Policy 2025–30 adds: 25% capex support (up to ₹500 million for IT City, Cloud Ecosystem, Data Centres, R&D), skill development fund support, stamp duty concessions, and payroll subsidies for high-skill employment creation. Tax holiday (100% for 10 of 15 years) extended via Budget 2025 through March 2030.

Talent Pipeline

All institutions from the GIFT City ecosystem: PDPU (~2 km), GNLU (~3 km), DAIICT (~5 km), IIT Gandhinagar (~8 km), Queen's University Belfast India Campus (within GIFT City; Tech-Academic hub), plus Ahmedabad's broader university network (Gujarat University, NIRMA University) accessible via the metro network.

Grade A & ESG Assets

Phase 2 commercial towers are required to comply with GIFT City's IGBC Platinum Green Cities standards. New buildings are expected to target LEED Platinum or IGBC Platinum individual building certification. India's district cooling system, AWCS, and dual-grid power infrastructure are being extended into Phase 2 areas.

Power & Connectivity

Phase 2 infrastructure inherits GIFT City's Tier IV data centre, ring-architecture fibre, and 99.9% uptime dual-grid power. As Phase 2 is developed, additional power substations and fibre nodes are being installed to maintain infrastructure standards at scale. *Content prepared for Zreo City Insights, GIFT City Edition. All figures based on publicly available sources including GIFT City official documentation (giftgujarat.in), IFSCA official publications, Wikipedia, GMRC metro records, JLL India reports, PIB Government of India publications, and verified news reports as of April 2026. Distances in km. No rental/vacancy/occupancy data included except where cited from industry reports for context.*