Gift City: The Gujarat Real Estate Regulatory Authority (GUJRERA) has directed the developer of the WTC project at GIFT City to refund the full amount paid by 24 buyers, along with interest, after they failed to get possession of their units and the assured returns promised under the payment scheme. The order was issued on March 5. The dispute relates to Towers A, B, C and D of the project across Phase-1 and Phase-2 in Gandhinagar. While Towers A and D have reportedly received completion certif...Read More

Gandhinagar: More than 20 restaurants of international standard will start operations in Gujarat International Finance Tec-City (GIFT City) within the next one year, Deputy Chief Minister Harsh Sanghavi announced while addressing the inaugural session of the “IFSCA Talent Vista Summit-2026” held in Gandhinagar. The event was attended by Prime Minister’s Principal Secretary P. K. Mishra, GIFT City Chairman Uday Kotak, industry leaders, vice chancellors of universities, and students from ac...Read More

Gandhinagar: Deputy Chief Minister Harsh Sanghvi on Thursday inaugurated the new office of Wipro Ltd. at Gujarat International Finance Tec-City (GIFT City) and visited the facility after the formal launch. The inauguration ceremony was attended by GIFT City Chairman Uday Kotak, GIFT City Managing Director Sanjay Kaul, and Wipro Executive Chairman Rishad Premji, along with senior officials and industry representatives. The opening of Wipro’s new office at GIFT City is being seen as another st...Read More

Ahmedabad: A 71-year-old retired resident of Vastrapur has filed a complaint alleging financial fraud of more than ₹1.56 crore in the name of investment in the WTC GIFT City Tower-C project in Gandhinagar. The complaint has been submitted to CID Crime, Gandhinagar, against officials associated with WTC Noida Development Company Pvt. Ltd., including its office-bearers and others allegedly involved in the scheme. According to the complaint filed by Purushottambhai Sajanadas Multani, he, along w...Read More

GIFT City: NSE International Exchange (NSE IX) has introduced a new investment platform from GIFT City, enabling Indian retail investors and NRIs to invest in equities across 30 global markets. The platform has initially rolled out access to US-listed stocks, with the UK, Japan and select European markets expected to be added within the next three to six months. Under the Reserve Bank of India’s Liberalised Remittance Scheme (LRS), resident Indians can remit up to $2.5 lakh per financial...Read More

New Delhi: The Union Cabinet meeting chaired by Prime Minister Narendra Modi today approved the Rs 1,017 crore Phase 2B project of the Ahmedabad Metro, which provides for laying an extension Metro rail line from GIFT City to the Shahpur stretch. The project involves the expansion of the North–South corridor of the Ahmedabad Metro and aims to further strengthen connectivity between Ahmedabad and Gandhinagar. A new 3.3 km-long metro line will have three new elevated stations. The project durat...Read More

Gandhinagar: The Government of Gujarat has appointed the founder of Kotak Mahindra Bank, Uday Suresh Kotak, as the Chairman of Gujarat International Finance Tec-City Company Ltd. (GIFT City) with immediate effect, replacing Dr. Hasmukh Adhia, IAS (Retd.), who had been serving as the non-executive chairman since June 19, 2023. Dr. Adhia was appointed to the post through a government resolution dated June 19, 2023, in his capacity as Principal Advisor to the Chief Minister of Gujarat. According ...Read More

Gandhinagar: In a move set to further boost the urban progression of Gandhinagar towards Southern direction, the Municipal Commissioner has announced the development of a massive 80-meter-wide road connecting Bhaijipura to Adalaj. This new infrastructure project is expected to act as a crucial link between the city’s two primary arterial routes: the SG Highway and the traditional Ahmedabad-Gandhinagar road via Koba. The proposed 8-kilometer-long road will provide a direct corridor from the ...Read More

New Delhi: The International Financial Services Centre (IFSC) at GIFT City, envisioned as a global financial hub and a key channel for foreign capital inflows, has received a significant fiscal push through enhanced tax incentives. According to the Union Budget announcements, entities established in GIFT City will now be eligible for a tax holiday of 20 years, doubled from the earlier 10-year benefit. Once the holiday period ends, these units will be taxed at a concessional rate of 15%, as outl...Read More

Davos/Gandhinagar: Gujarat International Finance Tec-City (GIFT City) drew strong interest from global financial institutions, investors and technology companies at the World Economic Forum (WEF) Annual Meeting 2026 in Davos, with several firms exploring deeper engagement around India-linked financial services, innovation and cross-border operations, a press release said. Participating at WEF for the first time, GIFT City showcased India’s maiden International Financial Services Centre (IFSC)...Read More