Indian and foreign investors are not getting enough raving about Ahmedabad’s GIFT City. Within a short span, businesses and other commercial investors have realized how invaluable is the gift of the GIFT City. Within half a decade, GIFT City has become a renowned India’s leading tech hub of all time. Recent reports have given out some exciting news about GIFT City, claiming that, GIFT City is about to add a fun GIFT to the financial hub. The recently proposed plan has stated that the 20-acre site of GIFT City will have an expansive entertainment center, retail hub, and recreational zone, along with a theme park, gaming arcade, and multiple recreational amenities. Out of all these, the major highlight of this 20-acre site is the Indian version of the London Eye–the GIFT Eye–a 158-meter giant Ferris wheel. Along with this, the 20-acre land will also be the house of art galleries, cultural spaces, opera houses, performance spaces, and theatres. Without forgetting the main taste, this GIFT land will also have the best restaurants and diners, offering a diverse variety of domestic and international cuisines. Recommended Read - GIFT City to Get London Eye's Competition - GIFT Eye
Describing more about this extravagant project, a senior officer of GIFT City stated, “A vibrant Retail cum Entertainment hub is a compelling necessity alongside our robust business hub.” The project in question is estimated to cost around Rs 5,000 crore, which is a significant amount of money. Global tenders have already been issued, indicating that the project is ready to move forward and attract the attention of international contractors. The state government is committed to ensuring the success of this project and is working hard to finalize the Memorandum of Understanding (MoU) during the upcoming Vibrant Gujarat Global Summit in January. This will be an exciting opportunity for stakeholders to come together and discuss the details of the project, its potential benefits, and how it can be implemented in the most effective way possible. This new GIFT zone is a true marvel, encompassing a sprawling area of no less than 1.5 million square feet. Here, you will find a delightful array of attractions that will keep you entertained and energized for hours on end. Whether you are in the mood for some high-street retail therapy or a full-scale shopping extravaganza, this zone covers you. And that's not all - you can also enjoy a mouth-watering food plaza, a mesmerizing musical fountain show, a thrilling game zone, water sports, a state-of-the-art theater, and sprawling gardens and recreational areas. But it's not just about entertainment - this zone is also a Cultural Epicenter, packed with art galleries, theaters, and performance spaces that are sure to delight and inspire you. Amid the hustle and bustle of the city, you can find some peace and tranquility in the serene green spaces, parks, and recreational areas that this zone has to offer.
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The proposed Recreational Infrastructure Project has been conceptualized in line with the vision of GIFT City. The project is expected to attract a significant number of visitors from nearby cities such as Ahmedabad and Gandhinagar, as well as from different parts of India and abroad, thereby positioning itself as a major tourist attraction.
As per the eligibility criteria, parties with a net worth exceeding Rs 10,000 crore can submit their bids with a proven track record of developing at least one project on a minimum land area of 21 acres and successfully designing and completing at least one mall. Ending Note With all these infrastructure projects, GIFT City will surely become a financial and architectural hub. The vibrant fusion of fun and business at GIFT City creates a unique and dynamic atmosphere that sets it apart as a truly special financial hub. The integration of entertainment and commerce not only makes it an exciting place to work but also reflects a forward-thinking approach to fostering innovation and collaboration. As GIFT City continues to thrive with its distinct fun-biz vibe, it not only redefines the traditional notions of a financial center but also serves as a testament to the power of blending work and play in the pursuit of creating a lively and inspiring environment for professionals and businesses alike. Hope you enjoyed this informative article. If you are looking for a real estate solution to find the best properties in GIFT City, kindly contact RES Management for your real estate needs.
