Summary:
The Dholera SIR project seems to have several parallels with the Gujarat International Finance Tec-City (GIFT City). There is a lot of interest in GIFT City, and this figure is set to rise further," said Ajay Pandey, MD & Group CEO of GIFT City. Area of nearly 15 million sq ft of commercial and residential space is either developed or under execution in GIFT City. A senior government official said on condition of anonymity that GIFT and Dholera SIR projects were "ahead of their time" and "did not take off earlier because of political reasons". "Total investments and investment commitments in GIFT City are in excess of Rs11,000 crore so far..