Gandhinagar: GIFT City is set for a 15% expansion, with plans to add 161 acres to its existing 1,065-acre area, taking the total footprint to over 1,220 acres, according to a BusinessLine report. The expansion will be driven by riverfront land reclamation along the Sabarmati Riverfront and the allocation of adjoining government land near Shahpur village.

Around 31 hectares will be reclaimed as part of the Sabarmati Riverfront development, requiring a separate master plan. In addition, about 85 acres of government land near Shahpur village, contiguous to the existing development, will be integrated into GIFT City. According to Sanjay Kaul, Managing Director and Group CEO of GIFT City, this land is in the process of being allocated.

A revised master plan is expected to be submitted to the Gujarat government within four months. The move follows the rollback of a much larger 2023 proposal that aimed to expand the project by over 2,300 acres.

Meanwhile, on the development front, about 1.24 million sq m of commercial space and 2.36 million sq m of residential space are expected to be completed this year in GIFT City. DeshGujarat