Exploring GIFT City Office Spaces: Your Ultimate Guide to Commercial Properties in GIFT City

Located in the industrial state of Gujarat, GIFT City (Gujarat International Finance Tech-city) is sprawling across 105 hectares of land and started its operations in April 2015.

According to the Special Economic Zone (SEZ) Act of 2005, GIFT City becomes India’s first International Financial Services Centre (IFSC). It is considered a global financial services hub.

This financial services hub is well-connected with unparalleled transportation facilities and is an infrastructural marvel in its own way.

By strictly following the environmental norms, GIFT City offers innovative technologies that help to create a sustainable ecosystem. There are various places around GIFT City that provide great real estate and property options. Let’s find out!

Office Space In GIFT City For An Enhanced Work Environment

With the vision to become India’s leading ‘smart city’, GIFT City is keeping no stone unturned to be recognised as the global hub for financial and technological industries.

From data centres and offshore banking corporations to IoT companies and business centres, GIFT City houses it all. Of course, with a strong industrial presence, GIFT City can stand out as a thriving example of great infrastructure.

However, to be a smart city in the truest sense, GIFT City should reflect a promising work environment.

For that reason, the futuristic and modern office space in GIFT City is all set to attract more people to work, thereby increasing its growth and sustainability. 

What Are The Benefits of Choosing GIFT City Office Space for Your Venture? 

GIFT City is a project under construction that will assemble a wide range of startups, SMEs, companies and corporations across several industries, including IoT, finance, retail and more.

It is everyone’s opinion that this place will be the most technologically and financially sound environment in India. And to make the most profit, GIFT City office will be a great investment. The benefits of creating such a space are:

• Setting up GIFT City office will allow employers to gain exposure to an international talent pool, which can help them grow their business. 
  
• With DevX by your side, you can access best-in-class infrastructure and modern amenities with GIFT City office. 
  
• Effective management of spaces with simplified tech-driven services is available at GIFT City, thanks to our expert techies passionately working on the project.
  
• You can even find easily furnished office spaces developed by DevX to quickly move and start your endeavour in GIFT City. 
  
• GIFT City office will help industries stand out in the global arena with revolutionary technology support.
  
• Collaboration with DevX can also help in getting hold of tech-enabled platforms for innovation management, ensuring sustainable management of your needs.
  
• DevX offers 24/7 working scope within GIFT City territories without any external hindrances

With the use of modern tools, DevX formulates fresh ideas to spark up GIFT City office spaces.

Our corporate firm is the best friend for SMEs and corporations as it understands their requirements and helps them achieve them through intricate detailing and aesthetics matching their client’s preferences.

You can savour the above-mentioned benefits by choosing to collaborate with us. 

GIFT City Office Space Options To Suit Your Business Needs

There is a myriad of GIFT City office space options that would suit your business needs:

• If you’re seeking tax benefits, the Special Economic Zone (SEZ) units can be great for businesses. With the enactment of the SEZ Act in 2006, an export hub would be created, which would thereby help boost the country’s economy. That’s why setting up GIFT city office space in SEZ units would be helpful. 
  
• Non-SEZ units for businesses don’t usually have access to set up offices in the SEZ territories. However, with GIFT City’s development, even businesses from non-SEZ units can create attractive office spaces. GIFT City office space is the first of its kind, providing dual permission to SEZ and non-SEZ companies to operate in the same geographical region. 
  
• GIFT City office space further includes business centres and co-working spaces, offering flexible business solutions to everyone. 

Building a vibrant workspace that resonates with your brand and speaks volumes about your vision is what DevX masters.

With our company by your side, you can accelerate your imagination and build the workspace of your dreams. From flexi rooms to training rooms, with DevX by your side, you get amenities beyond the basics for your GIFT City office space. 

What is the Office Rent in GIFT City Gandhinagar?

Gandhinagar, the place where GIFT City was moulded, will provide you with the privilege of renting office space for your business requirements.

The average office rent in GIFT City Gandhinagar is between 65,000 rupees and 50 lakhs rupees. However, the rents may vary depending on certain factors:

• Office size and location: If you’re running a small business requiring a minimum workspace, then office rent in GIFT City Gandhinagar will also be less compared to other companies. 
  
• Location inside GIFT City: Gandhinagar is considered a key business district in GIFT City, so if you want to rent an office in this location, you must check the rents. 
  
• Business amenities and services provided: Check out what amenities and services you’re getting in the GIFT City and then compare office rent in GIFT City Gandhinagar.

For further assistance with detailed workspace amenities and fresh ideas on trending workspace designs, you ought to collaborate with DevX. With workspace facilities, you can also get valuable assistance as a startup company to accelerate your business growth in manifolds. 

What is the Investment Potential In GIFT City?

The idea of GIFT City was born in 2008 and is now expected to be a great investment opportunity. 

Projected Growth

The GIFT City project has seen increased interest among the creators, and many businesses have set up bases here. Recently, PM Modi has pitched to make GIFT City a hub for streamlining green capital in India and to achieve the goal of net zero by 2070.

Global business centres are also expected to set up camps in GIFT City, making the investment potential in GIFT City quite promising. 

Tax Incentives

If you’re looking for investment potential in GIFT City, then you can take advantage of various fiscal benefits, which include interest amounts paid to non-residents for lending IFSC units exempted from taxes (exemption from Securities Transaction Tax and more). 

Rental Yields

Since there is an increasing demand for coworking and office spaces inside GIFT City, the rentals are expected to be skyrocketing.

The average rental in GIFT City for office and commercial spaces is likely to range between 65,000 and 50 lakhs, depending on the company size, location, requirements, and so on.

This makes GIFT City real estate investment a golden opportunity for all investors around the world. 

How Are The Residential Projects in GIFT City Ahmedabad Developing So Far?

The greatest investment potential, GIFT City houses 18 functional buildings. There are also 30 buildings under construction, and 14 are in the planning stage. GIFT City, as of now, has allotted 2.2 sq. ft for residential and commercial projects.

The ongoing and upcoming residential projects in GIFT City Ahmedabad include:

• Vida By Nila Spaces: It is an apartment project that offers 1bhk, 2bhk, 3bhk and 1 RK Studio. It is one of the latest residential projects in GIFT City Ahmedabad, expected to be operational from June 2028. From a community hall and 24/7 power backup to the yoga area, a community hall and a swimming pool, this project offers all modern facilities. 

• Shree Rang Visamo: Among the residential projects in GIFT City Ahmedabad, Shree Rang Visamo offers attractive exteriors and interiors. It is a 3Bhk villa, one phase of which has been functional since May 2018. This villa is well-equipped with modern amenities like a landscape garden, car parking, swimming pool, children’s play area, paved compound and more. 

What Kind of Houses in GIFT City Are You Looking For?

If you’re looking for houses in GIFT City, here are some incredible options that will suit your lifestyle. From apartments and villas to serviced residential spaces, there are lots of options available.

• If you want to experience the urban vibe alone, you can check out the various studio apartments that are present in the well-designed houses in GIFT City. The apartments in GIFT City also have 1bhk, 2bhk and 3bhk options. 
  
• If you’re seeking a more secluded and luxurious lifestyle, houses in GIFT City also feature aesthetically pleasing and spacious villas. These villas come with sought-after facilities that will make your stay easy.
  
• For a convenient lifestyle, you can seek serviced apartments in GIFT City, which provides hotel-like amenities, including high-speed internet, laundry facilities, 24/7 security and a fully-equipped kitchen. 

Availability of Land in GIFT City

The government has previously relaxed ownership of land in GIFT City so that people can buy real estate and properties here. It is the second time that the government has relaxed land ownership in GIFT City.

Earlier, those who worked in the IFSC hub could only own land in GIFT City. But now, with new regulations set by the Gujarat government, non-working people can also buy land in the GIFT City.

This relaxation of land regulations in GIFT City has made both ownership and occupancy open to all. It’s important to note that land ownership might be restricted and follow specific regulations set forth by GIFT City authorities. 

Commercial Property in GIFT City- Beyond Office Spaces

When talking about commercial property in GIFT City, we don’t only mean the traditional office spaces.

As it is going to be the newest smart city in India that would house everything under one giant area, it is important to have something for the working people as well. The types of commercial properties in GIFT City include:

• Retail spaces for cafes, restaurants and shopping. People working or living in the GIFT City might want to catch a break to explore good places to eat or shop from. Shivalik Curv is a commercial property in GIFT City that has been set up with that vision in mind. 
  
• Commercial properties in GIFT City also feature entertainment spaces like movie halls or multiplexes and gaming zones. 
  
• In the list of commercial property in GIFT City, business hotels also deserve special mention. These are commercial spaces that offer accommodation to business delegates or professionals who are visiting the state. 

Additional Considerations For Selecting a Property in GIFT City

Property Management

Located across the banks of the Sabarmati River, GIFT City office and other spaces as a whole is considered the groundbreaking real estate and property project in India.

This highly ambitious project has been created to provide a wide range of commercial, residential and office spaces. The project strives towards sustainability and energy efficiency, which allow investors to put their money into one basket. 

Legal and Regulatory Framework

Residential and commercial property in GIFT City is governed by a unified regulator, IFSC Authority (IFSCA). This regulatory regime was designed to seek global recognition and reduce the burden of compliance.

To understand the legalities involved involving property ownership and real estate, consulting a lawyer specialising in real estate law is advisable. 

Future Developments

For investors, residential and commercial property in GIFT City is expected to be a golden opportunity as new projects are being set up in the territory.

At first, this financial hub gave commercial and office spaces to data centres, business centres and companies. But now, it is creating different residential projects so that people can be permanent members of this incredible vision.

By July 2024, this expansive project will be connected to the other parts of the city via the metro network. 

Conclusion

GIFT City office, residential, and commercial units offer a unique real estate proposition catering to the needs of businesses and working professionals.

From modern office spaces and commercial properties to an emerging residential market, GIFT City presents exciting opportunities for investors and those seeking a vibrant work-life environment.

Remember, conducting thorough research and due diligence is crucial before making any real estate decisions in GIFT City.