The Gujarat International Finance Tec-City Company (GIFTCL) plans to build the first ultra-luxury hotel in the domestic tariff area (DTA) of GIFT City in Gandhinagar district with at least 300 keys and development rights for at least 5,00,000 sq-ft.
GIFT City currently has a hotel and a club designated in the five-star segment. However, the proposed development will be the first to cater to the ultra-luxury segment. The master plan for the expansion of the GIFT City to over 3,300 acres along with social infrastructure from its current size of 886 acres, is in the final stages of completion.
The development plan is expected to further the efforts to develop GIFT City as a global financial activity hub. The second phase development plan with town planning schemes around the GIFT City is expected to be unveiled after the state government’s review and feedback from the public as per the statutory requirements.
Bids have been invited for the hotel project, and are expected to be submitted online by 20 February and physically by 21 February, 2024. The bidder is also required to have built a hotel of five-star category or above, with at least 250 rooms.
