Life at GIFT City, Gandhinagar

If you’re thinking Gujarat International Finance Tec-City, Gandhinagar is only a business hub, you’re mistaken. On the one hand, the first operational smart city of India boasts of having the first and only IFSC of India and aims at making India a new business destination offering competitive edge to financial and tech services. On the other hand, this finance and tech hub offers a never-before lifestyle for its residents.

Earlier, only those employed in GIFT city were allowed to stay in the city. With a resolution passed by the Gujarat govt., anyone can now reside in GIFT City. Of the proposed 62 million square feet of vertical development at GIFT City, residential area of 14 million square feet is planned which accounts for 22% of the total development.

GIFT City offers green living to its residents with beautifully designed buildings that are soaring high over 30 storeys. Offering exclusive green views, this is surely going to be one of the top choices of people soon.

Reasons to choose GIFT City as your living destination:

-Green living
-Advanced security systems
-Latest technology systems
-Automated waste collection systems
-District cooling system
-Environment friendly systems
-Community living
-Infrastructure including schools, clubs, hospitals
-Convenient public transport
-Scenic beauty with Sabarmati Riverfront

All leading developers have already set their foot in GIFT City and are making creative efforts to make it the best liveable place around for people. The decision to buy a property at GIFT City right now is one of the wisest decisions that can be.

IFSC GIFT City – A financial hub

International Financial Services Centre was established in GIFT City Gandhinagar in April 2020 under the IFSC Authority Act passed by the Indian Parliament. IFSCA has the regulatory powers of four financial services regulators in India – Reserve Bank of India (RBI), Securities Exchange Board of India (SEBI), Insurance Regulatory Authority of India (IRDAI) and Pension Fund Regulatory Development Authority (PFRDA).

IFSC at GIFT City is considered a global hub for financial services. The idea is to connect the Indian diaspora globally to India. India is one of the fastest growing economies of the world. The establishment of IFSC at Gandhinagar is done with the idea of connecting to the global markets and having an easy flow of funds. With IFSC, there are multiple opportunities to global investors to set up businesses in the sectors of banking, insurance, reinsurance, investments, capital markets and asset management. The IFSC in GIFT City (GIFT IFSC) seeks to bring back those financial services transactions that are currently carried on outside India by overseas financial institutions and overseas branches/ subsidiaries of Indian financial institutions to the Indian shores.

GIFT IFSC provides numerous benefits to the entities who wish to set up their operations within. There is a robust legal framework and regulatory environment. Various fiscal incentives and tax exemptions in the SEZ make it a favourable place for business. Being a smart city, GIFT city offers advanced and modern communication systems and internet infrastructure. The state of the art infrastructure of IFSC is at par with any other global financial centres.

The IFSCA is a unified authority for development and regulation of financial products, financial services and financial institutions in the International Financial Services Centre in India in the areas of banking, insurance, securities and funds management. The aim is to tap the global capital flows which would result in India’s development and simultaneously provide a globally competitive financial platform for the full range of international financial services at the regional and global level.

Budget-2021-Govt.-To-Set-Up-A-Fintech-Hub-At-Gift-City

Why is gift city a smart City

A smart city is a technologically advanced, urban place that makes use of various electronic methods to collect specific data for the purpose of improving operational efficiency across the city. Gift City is an upcoming global financial and IT services competing with global standards. The city shall make use of collective and artificial intelligence and shall use strong telecommunication network. GIFT City aims towards sustainable development. There are various amenities within the city that make it a smart city:

Water Supply

GIFT City aims at recycling and reuse of waste water. Along with that there shall also be rain water harvesting. Water shall be ensured 24X7 and there is a concept of zero discharge.

District Cooling System

Gift City has India’s first District Cooling System. The system is in operation and has a capacity of over 10000 ton of refrigeration. This reduces the operation costs by 30-40% and also avoids the cost of installing individual air conditioners in each building. The DCS aims to reduce global warming potential, reduce CO-2 emissions, reduce heat island effect and improve the overall aesthetics of the building.

Solid Waste Management

Gift City has an Automated Waste Collection System in place. With minimum human intervention and space requirement, water is sucked through pipes at a speed of 90km/hr. Waste treatment is done with the help of plasma technology. There are vacuum chutes installed at the every floor of each building. This waste then undergoes treatment.

Utility Tunnel

A utility tunnel has been installed in Gift City. There are two sections in the tunnel, Wet and Dry. The wet section carries utilities related to water supply and ICT while the dry section carries power cables. Currently the tunnel is expected to be 16 kms and shall have the ventilation system, rodent repellant system and fire and smoke detection system for the purpose of safety. All utilities are placed in this tunnel in order to ensure that there is no digging or excavation of the roads in future for repair, maintenance or upgradation.

Gota – The best place to reside

If home is a place that offers convenience, connectivity, community living and ease of life, Gota area in Ahmedabad must undoubtedly be your choice. We all know that with continuous development, Ahmedabad is undergoing a visible transformation. Areas that were once considered as suburbs and outskirts are now coming well under city limits. Once a distant area, Gota, is a buzzing area today. Some of the reasons that make Gota the perfect place to live are:

Good connectivity

Gota is a developing locality in the north-western part of Ahmedabad. It is located centrally on S.G.Highway and gives great connectivity with Sarkhej on one side and Gandhinagar on the other side. Given the booming infrastructural development on the SG Highway belt, the numerous bridges have made commute really easy and quick. Rajpath Club is only about 10 mins from Gota. We can reach Vaishnodevi circle within 10 minutes and add a few more minutes and we reach Gandhinagar. The place is also only 10 minutes away from the proposed metro station.This way, Gota becomes a perfect place for everyone.

Surroundings

The area of Gota is blessed to be located amidst prominent places like Gujarat High Court, corporates like Adani, Zydus Cadila, hospitals like SGVP, KD and Zydus and schools and colleges like Nirma, Hiramani, SGVP and GIIS. For a life of ease and entertainment, there are malls like Palladium in close vicinity. There are various shops and supermarkets around that take care of daily needs. Variety of restaurants nearby also take care of your palate.

Affordability

When compared to other parts of the city, Gota offers rates that are way less than others. One of the reasons of boom in this area is the affordable pricing. Not only for homeowners, Gota is also becoming a preferred choice for tenants. Gota is a heavy residential area which houses people who are working in the nearby areas. A lot of government employees serving in Gandhinagar also find Gota the perfect place to live.

Gota is definitely a developing location which provides all facilities that a family needs for a comfortable living.

Futuristic living at GIFT City

India’s first operational smart city, GIFT City aims at using information and technology to improve the standard of living and increase operational efficiency. Spread across 886 acres of land, this well-planned city is an emerging global financial and IT hub. GIFT is planned as a financial Central Business District (CBD) between Ahmedabad and Gandhinagar as a greenfield development.

GIFT City comes with a perfect planning where the approach is to promote and establish new standards of development in India, while keeping sustainability at the core. The fundamental principle of life and liveability lay the foundation of the city. GIFT City aims at maintaining the following:

Good education
Low energy consumption
Waste reduction
Environment friendliness

GIFT City is changing the economic face of Gujarat. Not only that, with a well-executed city like this, India would be featured on the global map as a centre of excellence for finances, IT and ITeS domains. The target business segments are banking, insurance, capital markets, offshore asset management, IT services, ITeS and BPO services. Majors like HSBC, Barclays, Standard Chartered in the banking sector, Oracle in IT sector and Singapore Exchange have already set a string foot.

GIFT Urban Development Authority has been constituted for well-planned urban development of the area. According to Nasscom insights, there are more than 200 companies operational already and over 10,000 people are working there. There are also various fiscal benefits for institutions operational in the city.

GIFT City is India’s first Greenfield Smart City to achieve the IGBC Green Cities Platinum rating. GIFT City is an ideal destination for the global and Indian companies looking at their environmental and sustainability goals.

7e3fdfea-2975-4049-b535-58447184e20b-Land_Loan_WEB

5 things to look for while buying a land

Buying land is not the same as buying a constructed property. Buying land isn’t just about exchange of money between a buyer and seller with basic documentation. It is a lot more than that. Buying a plot in India can be a tricky affair and needs due diligence to ensure the money invested is safe and secure. Here are a few things to keep in mind:

Documentation and Due-diligence

While buying a plot of land, first it is important to establish the identity of the seller. We must check the background of the person, the credibility and the nationality as well. In case of joint owners, the identity of all must be established. Along with this, documentation in case of land purchase requires careful attention. We must be aware of land frauds that are rampant. Once the plot is finalised, we must check the title deed. The deed must be clear and unambiguous. If you plan to construct on the land bought, the FSI norms must be clear. Along with this, the release deed, encumbrance certificate and property receipts must also be in place.

Quality of land

It is important to conduct several tests including soil testing to check the weight bearing capacity of a plot of land. The chemical and physical composition of the soil must be checked. Based on the soil test reports, one can determine the type of construction along with the type of materials that must be used on the plot to ensure safe and effective construction. There are other tests also that are conducted to determine the soil quality like gravity test, moisture test and so on. An expert must be hired for these testing services and also to judge the efficacy of results.

Location and surrounding

Along with documentation and others checks, another important aspect to consider is the location of the land. We must never take this decision in a hurry. A plot purchase is a big decision and often involves a huge capital cost. It is important to understand the why of buying a plot at a certain location. We must know whether we are aiming at building a residential or commercial structure, use it for agriculture purposes or for industrial purpose, or simply for the purpose of resale. The zone in which the land falls must be known. Local zoning laws must be taken care of.

Accessibility

One of the most essential things to always consider is the accessibility of the land from nearby areas. We must check how well connected is the plot of land from all major junctions. The road connectivity, highway connectivity and even the condition of roads must be considered. It is a good idea to invest in a plot which is connected well with TP roads, industrial or residential areas and must have a solution to the basic needs of everyday life.

Future development

Always invest in a place which is about to get developed. The plot that you buy must start giving adequate returns and appeal over next 3-5 years. If you have to wait beyond that, it just might end up being a dead investment. Areas that are well connected must be the first choice. An upcoming area where development has already happened in a particular belt is favourable.

House architecture plan with furniture. Interior design. Real estate floor plan, floor plan services, real estate marketing concept. Pinkish coral bluevector isolated illustration

Shilp Group CEO Yash Brahmbhatt makes finding perfect homes one step easier

Buying a perfect home is a crucial decision for many families, but it’s not always easy to find. There are so many factors that come into play. Location, space, design, convenience and above all budget and standard of living are some of the most looked upon factors affecting the decision. Often buyers have to compromise on one or more of their top priorities. Very few residencies emerge as a game-changer and provide everything that is desired in the budget of the buyer and make it a lucrative investment. Yash Brahmbhatt, founder and CEO of Shilp Group has made this possible in the Manchester of India – Ahmedabad, Gujarat.

The residential projects of Yash’s Shilp Group have always been a key to redefine luxury with its state-of-the-art amenities and facilities. One of the recent ones includes the 2BHK Shilp Ananta project located in Shela Gujarat which provides luxury living in budget. The residential retreat has vehicle-free ground floor embracing all types of spaces depending on what one is looking for like multipurpose courts, indoor games, gymnasium, library, dance, and music rooms, and well-landscaped areas for residents of every age to name a few. Another recent project is Shilp Revanta 3BHK flat space including not only basic amenities but even modern amenities like yoga and meditation spaces, special toddlers’ rooms, walkway areas, and more.

Yash and his team ensure that his projects are designed and built in such a way, that residents can experience ultimate enhanced living. He believes in creating an environment that has a perfect blend of luxury living, necessary amenities and serene surroundings. Hence, create a whole community, such that one never has to leave the building if one doesn’t want to. Under the leadership of Yash Brahmbhatt, The Shilp Group is known to have gained immense trust amongst people owing to their excellence, efficiency and vision. Investing their best to build excellence in the form of Shilp Ananta Residency and Shilp Revanta Residency, Yash envisions the project to emerge as one of the most preferred residential choices around Ahmedabad.

5 best residential localities in Ahmedabad

Home is where the heart is and the search for such a home can be tedious at times. Whether we live in a big city or small, challenges continue to pop-up. We must be very clear in our minds as to what all are we looking for in our dream home. Some of the major things that everyone looks for definitely is location, amenities, environment, neighbourhood and surroundings. Keeping that in mind, here are some of the top localities in Ahmedabad that are perfect to live.

Shilaj

Shilaj is a premium, upcoming locality in the western suburbs of Ahmedabad. The area has picked up tremendously in the past few years. Located in the western part of Ahmedabad, Shilaj is surrounded by buzzing areas like Shela, Bopal and Thaltej. Geographically, it is in the centre with Sanathal-Sarkhej and Vaishnodevi. With a metro station expected in Thaltej in the near future, residents of Shilaj will be able to enjoy the benefits of transport easily. It is connected well with both S.P.Ring Road and S.G.Highway. This gives ease of transport to people residing there. Airport is just a 30 minutes drive from Shilaj which makes travel also convenient. From leading schools and hospitals to supermarkets, restaurants and clubs, there is everything that a family needs. It is a safe place to live and offers a relaxing life away from the rush. With leading business parks in the vicinity, the place is also the best bet for your business needs.

Shela

Shela, located in the western periphery of Ahmedabad is surely a sought after location for investment and consumption. The place has a lot to offer. With Ahmedabad expanding towards the outskirts, Shela has been spotted as a preferred area. We can owe this attraction to many factors. Shela has got the approval of three additional road stretches as part of its designated TP scheme. These roads are for the upcoming residential areas, institutional zones and commercial streets.
Located along the Sardar Patel Ring Road, Shela offers superb connectivity to SG Highway, Satellite, Vastrapur, Bopal, Ghuma, Ambli and Makarba. Despite being on the outskirts, the area offers comfort in terms of being in the vicinity of the buzzing city. Shela is primarily a residential zone. More than 80% of the construction in the area is into residential schemes. This makes the area more peaceful for the purpose of living. Small and essential shops can be easily seen everywhere to ensure the daily shopping needs of the residents.

Gota

A developing residential locality in the North-West part of Ahmedabad, Gota, is one of the best places to stay. The area gained popularity post the construction boom at SG Highway. This is a developing location that will soon boast of metro connectivity too. Gota caters to affordable, mid-housing and now even luxury end users. The area is well connected to its neighbouring localities like Vasant Nagar, Chandlodiya, Shayona City, Vasant Nagar and Anand Vihar. The area has good connectivity via Jagatpur Road and Chandlodia Road. The main highway that connects Gota to other parts of the city is Sarkhej Gandhinagar highway. The area has access to autos and rickshaws. Sardar Vallabhbhai Patel International Airport is about 15 km from the location and Chandlodiya Railway station on the Western Indian Railway Network is just 3.5 km. Gota has many schools & colleges like Nirma University, SGVP, GIIS and hospitals like KD Hospital and SGVP. 1.5 km. Nearby employment hub includes Adalaj, Gandhinagar and Thaltej which are are about 3 -5 km from Gota. The place also boasts of supermarkets, multiplexes and fine food joints.

Sindhu Bhavan Road

One of the reasons why SBR flourishes today is the wonderful connectivity that the road provides. It is the centre of SG Highway and connects more than 5 areas including Ambli, Bopal, Thaltej, SP Ring Road, Bodakdev and Makarba. After we set the trend, various other builders followed suit and did some real good work here making it one of the best places to be. In fact, SBR has been declared as a model road today. Be it the location or the prices, SBR is the most premium location of Ahmedabad today. Major hotels including Taj and Marriot have also found their home on this road which makes it even more exclusive. There are fitness centres, shopping centres and eateries and that is what makes it the most sought after place for youngsters. The night life is booming here and people just love to flock around this road. SBR gives great connectivity with leading schools, hospitals, shopping centres, restaurants and cafes. The place is definitely premium and well connected, few metres off the road and you are set to have a peaceful and calm living.

GIFT CITY

GIFT City is an emerging global financial and IT services hub. It encompasses all high-end urban infrastructure elements. There are commercial and residential belts within the city, right from small affordable houses to big luxurious apartments, there is something for everyone. There is a full developed transport system with last mile connectivity. Advanced use of internet and technology makes everyday life easy through smart phone applications. Every building is a green building that takes care of environment conservation. Architecture has been designed in a way that reduces the effect of heat. There is also an eco-friendly system of waste disposal. GIFT City, Gandhinagar, is a city within a city. It is laced with office spaces, residential apartments, schools, hospitals, hotels, clubs, retails paces along with recreational facilities. There is excellent connectivity which eases life. Gujarat International Finance Tech-city (GIFT) SEZ is India’s first International Financial Services Centre (IFSC) under Special Economic Zone Act, 2005 (“SEZ Act 2005”). It is being developed as a global financial services hub. GIFT IFSC is a Multi Services Special Economic Zone with 105 hectors of land. There are many advantages of of SEZ including employment generation, regulatory freedom, world-class infrastructure, connectivity, transportation and much more.

Are you a workaholic or a workafrolic?

Does your work give you a sense of fun or burden? Think about it. The journey from burden to fun is a long one indeed. You can be a real hard worker and still enjoy your work. Workaholics are often people who are obsessed with work. They put in long hours of work, often forgetting to prioritise tasks. They might be good with their work but might put little purpose into their tasks at time.

Workafrolic is a newly coined term and refers to someone who works a lot but derives fun from it. They like doing work that leads to results and hate to waste their time on unimportant things. They tend to attach more meaning to their work. Working late hours might be common in both workaholics and workafrolics but the difference lies in the approach.

Work becomes even more fun when you start enjoying it. We can only enjoy work when we are truly passionate about it. Passion comes with the right decisions. It is essential that we choose to work in a domain that we like. Doing something out of compulsion and not passion takes away the fun part. We then tend to become mechanical. This leads to lack of idea generation and creativity.

As they say, work is either fun or drudgery, depends on how you take it. It is an important question we must all ask ourselves today.

4 reasons you must divert your investment in Gift City, Gandhinagar

PM Narendra had initiated the ambitious program of Smart Cities in 2015. The idea behind the concept is the idea of using sophisticated technology to solve civic, environmental and transportation issues. Urbanisation is a non-ending phenomenon in India and we are set to create standards in technology and innovation. A large chunk of the population resides in cities and cities will continue to be the engine of productivity. GIFT City, Gandhinagar is one such smart city under the mission which is on its way to set benchmarks under this mission. Here are some obvious reasons to invest in this place:

Business Positioning

GIFT City is an emerging global financial and IT services hub. It encompasses all high-end urban infrastructure elements. The target business segments are banking, asset management, insurance, IT services and ITeS/BPO services. Leading Indian banks have already picked up chunks of land at the city including SBI, ICICI, HDFC and many more. GIFT City is a planned business district. With a Walk to Work concept, this place is just meant to take care of you.

Infrastructure

There are commercial and residential belts within the city, right from small affordable houses to big luxurious apartments, there is something for everyone. There is a full developed transport system with last mile connectivity. Advanced use of internet and technology makes everyday life easy through smart phone applications. Every building is a green building that takes care of environment conservation. Architecture has been designed in a way that reduces the effect of heat. There is also an eco friendly system of waste disposal.

The GIFT SEZ Advantage

Gujarat International Finance Tech-city (GIFT) SEZ is India’s first International Financial Services Centre (IFSC) under Special Economic Zone Act, 2005 (“SEZ Act 2005”). It is being developed as a global financial services hub. GIFT IFSC is a Multi Services Special Economic Zone with 105 hectors of land. There are many advantages of of SEZ including employment generation, regulatory freedom, world-class infrastructure, connectivity, transportation and much more.

Facilities

GIFT City, Gandhinagar, is a city within a city. It is laced with office spaces, residential apartments, schools, hospitals, hotels, clubs, retails paces along with recreational facilities. There is excellent connectivity which eases life.

This 880 acres Gujarat International Finance Hi-Tec (GIFT) City is the first among the 100 projected cities. GIFT City, Gandhinagar is the most happening, the most sought after place to be be.