GIFT City Masterplan
GIFT-2024
Overview
The GIFT City Master Plan governs land use across 886 acres (359 ha) on the banks of the Sabarmati River between Ahmedabad and Gandhinagar, administered by Gujarat International Finance Tec-City Company Limited (GIFTCL). The plan targets 62 million sq ft of total built-up area across three primary zones: SEZ (261 acres), Domestic Tariff Area (625 acres), and a dedicated residential zone. India's first operational smart city and IFSC, GIFT City operates under a leasehold land model with Development Control Regulations set by the Gujarat Ministry of Urban Development. This page covers the premium GIFT City Masterplan layer on 1acre, what each zone permits, the ownership structure buyers miss, and the residential and commercial corridors where zone classification directly determines what you can buy and hold.
Leasehold Land, GIFTCL Allotment Rules and the SEZ-DTA Trap Buyers Walk Into
Special Economic Zone (SEZ)
Area
261 acres (106 ha)
Primary Permitted Use
IFSC financial services: banking, fund management, insurance, capital markets, aircraft leasing, fintech
Regulatory Authority
IFSCA (International Financial Services Centres Authority)
Currency of Operations
Foreign currency (USD, EUR, GBP etc.)
Domestic Tariff Area (DTA)
Area
625 acres
Primary Permitted Use
Commercial offices, residential development, IT/ITES, domestic banking, consulting
Regulatory Authority
Standard Indian regulatory and tax framework
Currency of Operations
Indian Rupee (INR)
Residential Zone
Area
14 million sq ft (22% of total BUA)
Primary Permitted Use
Residential apartments, social infrastructure
Regulatory Authority
GIFTCL / GIFT Area DCR
Currency of Operations
INR
Zone
Area
Primary Permitted Use
Regulatory Authority
Currency of Operations
Special Economic Zone (SEZ)
261 acres (106 ha)
IFSC financial services: banking, fund management, insurance, capital markets, aircraft leasing, fintech
IFSCA (International Financial Services Centres Authority)
Foreign currency (USD, EUR, GBP etc.)
Domestic Tariff Area (DTA)
625 acres
Commercial offices, residential development, IT/ITES, domestic banking, consulting
Standard Indian regulatory and tax framework
Indian Rupee (INR)
Residential Zone
14 million sq ft (22% of total BUA)
Residential apartments, social infrastructure
GIFTCL / GIFT Area DCR
INR
Before signing any allotment agreement, confirm which zone your unit sits in. A commercial unit in the SEZ zone sold to a non-IFSC entity requires dual-use approval from the SEZ Board of Approvals. GIFT City secured this dual-use permission from the BoA (under the Ministry of Commerce and Industry) and the Government of Gujarat, making it the first SEZ in India to receive such clearance. Without that clearance, a non-SEZ entity occupying SEZ premises was technically in breach of the SEZ Act 2005.
Residential and Commercial Corridors Under the GIFT City Master Plan
SEZ Commercial Core
Land Use (GIFT City Master Plan)
IFSC financial services; 42 million sq ft commercial BUA
Active Developers (Sourced)
Nucleus Office Parks (Blackstone), World Trade Centre, Sangath IPL
Key Consideration
Non-IFSC entities require dual-use approval from BoA before occupation
DTA Commercial
Land Use (GIFT City Master Plan)
Domestic offices, IT/ITES, consulting, back-office; ~30% of commercial ecosystem
Active Developers (Sourced)
Cybage, ST Telemedia, IBM, Oracle, TCS, Capgemini, Google
Key Consideration
Standard Indian tax and GST apply; transactions in INR only
Residential Zone
Land Use (GIFT City Master Plan)
14 million sq ft planned; designed for 50,000 residents
Active Developers (Sourced)
Sobha, Brigade, Hiranandani, ATS Savvy, BU Bhandari, Bakeri, Shilp, Shivalik
Key Consideration
Leasehold tenure: 99 years from GIFTCL; no freehold title transfer
Social and Civic
Land Use (GIFT City Master Plan)
Schools, hospitals, hospitality; ~6 million sq ft for social use
Active Developers (Sourced)
Jamnabai Narsee School, Lilavati Hospital, Grand Mercure Hotel
Key Consideration
Restricted to social infrastructure use only; no residential subdivision
Corridor / Zone
Land Use (GIFT City Master Plan)
Active Developers (Sourced)
Key Consideration
SEZ Commercial Core
IFSC financial services; 42 million sq ft commercial BUA
Nucleus Office Parks (Blackstone), World Trade Centre, Sangath IPL
Non-IFSC entities require dual-use approval from BoA before occupation
DTA Commercial
Domestic offices, IT/ITES, consulting, back-office; ~30% of commercial ecosystem
Cybage, ST Telemedia, IBM, Oracle, TCS, Capgemini, Google
Standard Indian tax and GST apply; transactions in INR only
Residential Zone
14 million sq ft planned; designed for 50,000 residents
Sobha, Brigade, Hiranandani, ATS Savvy, BU Bhandari, Bakeri, Shilp, Shivalik
Leasehold tenure: 99 years from GIFTCL; no freehold title transfer
Social and Civic
Schools, hospitals, hospitality; ~6 million sq ft for social use
Jamnabai Narsee School, Lilavati Hospital, Grand Mercure Hotel
Restricted to social infrastructure use only; no residential subdivision
The most misunderstood corridor is the residential zone itself. Gujarat Government's stamp duty exemption applies to stock transaction duties for broking firms, not to residential property purchases. Residential buyers in GIFT City pay standard Gujarat stamp duty of 4.9% plus 1% registration charges (waived for women), as applicable to any Gujarat property. Brokers who claim a blanket stamp duty waiver on GIFT City residential flats are misstating the policy.
Frequently Asked Questions
What is the difference between SEZ and DTA zones in the GIFT City Master Plan?
The SEZ covers 261 acres and is exclusively for IFSC financial services regulated by IFSCA, with operations in foreign currency. The DTA covers 625 acres and supports domestic businesses, IT firms, and residential development under standard Indian regulations in INR. Zone determines your tax regime, regulator, and permitted currency.
Can NRIs buy property in GIFT City under the master plan?
Yes. NRIs can buy both residential and commercial property in GIFT City under FEMA and RBI rules. Commercial property in the SEZ zone may require additional IFSCA approval. NRIs cannot purchase agricultural land anywhere in India, but GIFT City has no agricultural land designation in its master plan.
Is property in GIFT City freehold or leasehold?
All land in GIFT City is leasehold, allotted for 99 years from the date of signing the Agreement to Lease cum Development Agreement with GIFTCL. Annual lease rent is Rs. 10 per sq. mt. Land ownership does not transfer; only Development Rights are allotted to the buyer or developer.
What stamp duty applies to residential property purchases in GIFT City?
Standard Gujarat stamp duty of 4.9% applies to residential transactions in GIFT City. Registration charges are 1% for male buyers; women are exempt from registration charges. The Gujarat Government stamp duty exemption covers only stock transaction duties for broking firms, not residential flats.
What does GIFT Area DCR control for buyers and developers?
The GIFT Area Development Control Regulations, sanctioned by the Gujarat Ministry of Urban Development, sets setback controls, FAR limits, parking requirements, road buffer widths, and permissible uses for every land parcel. All building approvals, construction, and occupancy fall under GIFTCL as the single-window authority.
Which residential developers are active under the GIFT City Master Plan?
GIFTCL's official brochure lists Sobha, Brigade, Hiranandani, ATS Savvy, BU Bhandari, Bakeri, Shilp, and Shivalik as active residential developers. Verify any developer's current project status and stage of construction directly with GIFTCL before booking.
How does the dual-use permission affect non-SEZ buyers in GIFT City?
GIFT City is the first SEZ in India to receive dual-use approval from the SEZ Board of Approvals and the Government of Gujarat. This means non-IFSC entities can now legally occupy and buy premises in the SEZ zone, removing the earlier restriction that confined SEZ space only to IFSC-registered financial institutions.
What are the total built-up area allocations under the GIFT City Master Plan?
The master plan targets 62 million sq ft total BUA: approximately 42 million sq ft for commercial use, 14 million sq ft for residential use, and 6 million sq ft for social infrastructure, distributed across the SEZ and DTA zones and developed in phases by GIFTCL and private developers.
Disclaimer
GIFT City Masterplan is only accessible with Premium Subscription.
Data Source & Verification
Source
Official Gujarat International Finance Tec-City (GIFT City) documents
Official Website
giftgujarat.in
Coordinate Reference System
EPSG:4326 (WGS 84)
Geometry Type
Polygon / MultiPolygon
Data Format
Raster Tiles (from GeoTIFF)
Last Verified
2026
Status
Active