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GUJARAT INTERNATIONAL FINANCE TEC-CITY (GIFT)

K.Srinivas, IAS., M.D., GUDC
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Project Profile
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GIFT is designed to be a global financial services hub
TheProjectisaninitiativeofGovernmentofGujarat(GoG),India
Themost proactivestateinIndiawithastrongemphasisoninfrastructure.
It isbeingdevelopedandimplementedbyGujarat International Finance
Tec-CityLimited(GIFTCL), aJointVentureCompany:
GoGthroughGujaratUrbanDevelopmentCompanyLimited(GUDC) and
InfrastructureLeasingandFinancial ServicesLtd. (IL&FS)
ProjecttobeimplementedonaPublicPrivatePartnershipformat
Project Background
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By 2020, studiesindicatetheIndianFinancialServicessectorwould:
Employupto10millionpeople
Require800millionsq.ft.ofofficespace
GIFTaspirestocaptureamodest6-8%shareofbusinessopportunities
Potential for GIFT
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Potentialfor GIFT
Business Nature of Opportunity
Financial ServicesOperations Back-officeof banking, Insuranceand Asset Management
Companies
Financial ServicesCorporateCenter Corporate roles in financial services companies. E.g.
Accounting,HR,Admin,IT
SelectProduct Market Privatebanking,Productdevelopment,microfinanceetc.
Capital MarketandTrading Includes DCM, ECM, M&A, Commodity trading, Private
Equity,HedgeFundsandInstitutional brokerage
ITservices Software Application development and maintenance for
BFSI andother verticals
ITeS/BPOServices CaptiveBPOsof largeglobal financial servicescompanies,
3
rd
partyBPOserviceproviders,KPOsetc.
GIFT Target Business Entities
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GIFThasPotentialtoAccessaLargeFinancial ServicesOpportunity
Genesis of the Project
4
Sr.
No.
Financial Services
Estimated No of
Jobs (Thousands)
Year 2020
1
Core Financial
Services
Financial Services Operations 125-150
2 Financial Services Corporate Centre 100-125
3 Select Product Markets 10-15
4 Capital Markets & Trading 2-4
5 IT for Financial Services 200-225
6 ITeSfor Financial Services 75-100
Total 500-600
An additional 5,00,000 indirect jobs is expected to be created by 2020
Financial Services Sector Opportunities
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StrongLocationAdvantage:
ItsProximitytoMumbai andstrongconnectivitybyair androad
RobustUrbanPlanning:
Well DesignedUrbanForminplace
HighQualityInfrastructure:
Stateof theArt Physical,ICTandSocial Infrastructureat affordableprices
AvailabilityofTalentPool:
PlanUnder Implementationfor smoothoperationof business
Business-friendlyRegulationsandPolicies:
Special EconomicZoneApproved
FirmImplementationPlan
StateGovernment
Known for development on fast track, always open to ideas, ready for
action Pragmatic
Potential for GIFT
5
AdvantageGIFT
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Strong Location Advantage
12 kms from Ahmedabad
International Airport:
8 lane Expressway
8 kms from Gandhinagar:
Political Capital of Gujarat
Abuts National Highway 8:
Delhi -Mumbai
Strong Intercity Connectivity:
MRTS / BRTS
Ahmedabad Airport GIFT -
Gandhinagar
Integrated Townships:
High Quality Residences
Entertainment
Hospitality
Commercial
Social Infrastructure
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Strong Location Advantage
We envision an Urban Development.
with minimized ground coverage
with low energy consumption,
walk to work concept,
where people can live and work in a
high-quality environment,
and
which could be a template for
Sustainability in City Planning,
Globally.
Vision
Vision
Master Planning
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8
Master Planning and Landmark Buildings
1
2
3
4
4
5
5
Diamond Tower
1
River front
2
Convention Centre
3
Gateway Towers
4
Transit Node
5
6
Crystal Tower
6
GIFT SEZ
9
SEZ (250 Acre)
Processing Areas (125 acre)
International Financial Service Center (IFSC)
International Techno Park
STPI Units - Technology
International Market Zone
Exchanges, Service Units
Inter. Education Zone
Non-Processing Areas (125 acre)
Utilities
Integrated Townships
Entertainment zone
Hotel/Convention Centre
Shopping Malls
Health Services
Schooling
Status:
Formal Approval obtained from MOCI
10 10
(1%)
(32%)
(30%)
OPEN AREA (23%)
(14%)
Shopping
5%
Hotel
4%
Offices
60%
Residential/
Commercial
20%
Public
Buildings
11%
Commercial/
Residential
38%
Greens, Water-
bodies & PSP
43%
Utilities
1%
Transportation
18%
BUILT-UP AREA
LAND-USE
GIFT Land-use
Comparison with Global Financial Hubs
11
Paris
(La Defense)
Tokyo
(Shinjuku)
London
(London
Dockyards)
Shanghai
(Pudong)
Gandhinagar
(GIFT)
Land use Scale (sq km) 1.6 1.6 1.05 1.7
2.02
Construction Scale (in mn
sq m)
2.5 1.6 1.1 4.5
7.5
Floor-area Ratio 1.56 1.00 1.05 2.65
3.65
Greenbelt (in thousand sq
m)
40 120 50 363
615
Height (m) 200 250 250
490
400
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Infrastructure Components
GeneralDevelopment
SiteDevelopment, FirefightingSystem, SecuritySystem
Landscaping
Parks/ Gardens, WaterBodies
Transportation
Roads, RiverTunnel, Bridges,Internal PublicTransport
Water
SewageandDrainage, RiverTraining, WaterSupply, recycling&WTP
Power
DistrictCooling
Gas
SolidWasteManagement
Information&CommunicationTechnology(ICT)
Terminals
Transport Nodes
Network of Internal
Public Transportation
System
Bouleward
Entry Exit points
Internal Transportation
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External connectivity
Total road
network to be
strengthened in
two phases
2 new bridges
and 1 river tunnel
envisaged
7 grade
separators
planned
External Road Connectivity
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Living Bridge
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PHASE 1
BRTS Extension 37 km
Extension
of BRTS
upto GIFT
City
Transport: Bus Rapid Transit System (BRTS)
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Additional link of 25 km
between GIFT, Airport,
Ahmedabad and
Gandhinagar
Transport Demand
Generated by GIFT
between Ahmedabad &
Gandhinagar
2.5 lakhs trips per day
one way by Year 2010
5 lakhs trips per day
one way by Year 2017
THALTEJ
KALUPUR
Transport: Metro Rail System (MRTS)
Major Landscape Component
GIFT provides landscaped
zones and hierarchy of
green space:
City level
Central green
Peripheral greens
/Buffer greens
Public greens
Greenways
NeighborhoodLevel
Public greens
Landscape
Landscape
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Sabarmati River
Waterfront Development
Total Water Requirement:
12 MGD
To maintain the River
Front :
Total Water Depth : 7 mt
2 mt Water Topup
required to cover up
losses through Dharoi
dam
River Bed shall be treated
with synthetic geo-
membrane to reduce water
losses
River Training: Proposed Barrages
HVAC System
Power and Heating Ventilation & Air Conditioning System
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POWER SUPPLY
~1000 MW Captive Power Plant
Power Generation from Super Critical Technology
DISTRICT COOLING SYSTEM
Total Load: 2.7 Lakhs Tons
Cost Effective Technology
Energy Efficient
Environment friendly, Space Saving
One of the largest District Cooling System
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The GIFT ICT Advantage
High Quality Infrastructure: ICT
Status: Technical Regulatory Compliance submitted
High Speed IP based Network
Infinite Bandwidth
Robust Data Centre with Disaster
Recovery Sites
Intelligent Building Services
Shared Market Infrastructure
(Access to National and Global
Stock Exchanges)
Secure, Reliable, Scalable Platform
for Global Financial Communities
International Financial Institutions
Home
Domestic Institutions VoIP Network
Branch Office
Application
Service Provider
(ASP)
Hotel/
Airport
Mobile Wireless
High Quality Infrastructure: ICT
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All Fibre
Trading
Platform
Sub Sea
Connectivity
Data
Centre
Mobile/
Wireless
Poor Reasonable Excellent Not Applicable
The GIFT ICT Vision is Compelling Because
GIFT will exceed the ICT capabilities of comparator cities
1 GIFT
2
3
4
5
6
7
8
9
10
DIFC
Dubai Internet City
SONGDO,South Korea
New WTC New York
Canary Wharf - London
Pudong - Shanghai
La-Defense Paris
Singapore
London Stock Exchange
11 NewYork Stock Exchange
12 Tokyo
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The GIFT Services Vision is Compelling Because
GIFT will exceed the services capabilities of comparator cities
1 GIFT
2
3
4
5
6
7
8
9
10
DIFC
Dubai Internet City
SONGDO,South Korea
New WTC New York
Canary Wharf - London
Pudong - Shanghai
La-Defense Paris
Singapore
London Stock Exchange
Triple Play
Smart
Buildings
Faster
Set-up
Competitive
Service
Provision
11 NewYork Stock Exchange
12 Tokyo
Poor Reasonable Excellent Not Applicable
Overtaking
"Place"
SSupply of services in a upply of services in a sub sub--surface regular surface regular
grid grid
BBuildings to tap in the grid wherever required uildings to tap in the grid wherever required
AAll services housed in various divisions of sub ll services housed in various divisions of sub--
surface ditch surface ditch
NNo service lines aboveground o service lines aboveground
AAlternate sources & technology lternate sources & technologyto be used to be used
for for resource management resource managementwater & power in water & power in
particular particular
Service lines
Underground Service Trench
Service Trenches
Integrated Underground Service Trenches
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PPlasma Gasification lasma Gasification is an Ultimate Solution for is an Ultimate Solution for Clean/Safe Clean/SafeDisposal of Municipal Solid Disposal of Municipal Solid
Waste, Hazardous Waste, and Landfill Reclamation, while Eliminating the Need for Waste, Hazardous Waste, and Landfill Reclamation, while Eliminating the Need for
Landfills and Generating Clean, Landfills and Generating Clean, Green Electricity Green Electricity and Energy in the Process and Energy in the Process
Solid Waste Management
Solid Waste Management
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Building Concept Design
To realize urban form and facade
Concept Design for buildings commenced for 25 packages
GIFT skyline would boast of
25 Buildings (above 150 m)
52 High-Rise Buildings (above 100m)
36 mn. sq. ft of Built-Up Area of High-Rise Buildings
Concept Design for Buildings
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Firm Implementation Plan: Framework
JVC Gujarat International Finance Tec-City Company Limited
GUDC IL&FS
Professionally Managed City Administration
Implementation Plan: Framework
Proposed SPVs for Sub-Components
Transportation Water Systems
ICT Gas
Landscaping SWM
Power District Cooling
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Firm Implementation Plan:
Panel of Expert Agencies / Firms
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Environmental Aspects
Talent Demand Assessment
Market Demand Assessment
Process Management
ICT Advisory Services
Design & Architecture
Consortium of East China Architectural Design Institute (ECADI) &
Fairwood India Pvt. Ltd.
IL&FS Ecosmart Limited
Implementation Plan:
Panel of Expert Agencies / Firms
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Internal Transport
System
Transportation Nodes
Water Supply and
Distribution
Internal Transport
System
Transportation Nodes
Water Supply and
Distribution
Power Generation
Power Distribution
Waste Mgmt System
District Cooling
Gas System
ICT
Parking System
Power Generation
Power Distribution
Waste Mgmt System
District Cooling
Gas System
ICT
Parking System
Office
Commercial
Residential
Hotels
Office
Commercial
Residential
Hotels
Site Development
Landscape
Roads
Storm Water Drainage
River Training
Site Development
Landscape
Roads
Storm Water Drainage
River Training
Core Infrastructure Core Infrastructure
Semi Viable
Infrastructure
Semi Viable
Infrastructure
User Pay Utilities User Pay Utilities Real Estate Real Estate
To be developed
by GIFTCL
100% investment
by GIFTCL
PPP basis
with 26% equity
by GIFTCL
To be developed by
occupiers /
developers
Rs. 4,600 Cr Rs. 4,600 Cr Rs. 4,700 Cr Rs. 4,700 Cr Rs. 29,900 Cr Rs. 29,900 Cr Rs. 24,500 Cr Rs. 24,500 Cr
Total Estimated Project Cost : Rs. 63,700 Cr
Project Cost and Structuring
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E
F
C
H
V2
D
W
Y P
A
Q
R
S
B
Z
T
U
G
L
J
K
N
O
M
V1
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GIFTPackages and Landmark Buildings
Status: Concept Design commenced
Total number of Packages: 25
Land Area varying from 1.8 Ha 12.9 Ha
B/U Area varying from 1.2 mn. Sq. ft. 7.5 mn. Sq. ft.
F.S.I. varying from 2.5 13.7
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Package A
A Package
area (million
sq.ft)
Package FAR Built-up area
(million sq.ft)
Max.
Height
(m)
Use
Basement
(million sq.ft)
0.4 5.38 2.19 120
Mixed
0.73
Package A
PRIMARY SCHOOL & LIBRARY
Package A
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Package B
B Package
area (million
sq.ft)
Package FAR Built-up area
(million sq.ft)
Max.
Height
(m)
Use
Basement
(million sq.ft)
0.6 3.64 2.22 120
Mixed
0.80
B
L
O
C
K

B
Package B
B
L
O
C
K

B
Package B
PUBLIC & PRIVATE DOMAIN USES
Transport Hub
Public zones
Private zones
Office
Hotel
Institutional / Civic
Transport
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Transport Hub: Package G
G Package
area (million
sq.ft)
Package FAR Built-up area
(million sq.ft)
Height
(m)
Use
Basement
(million sq.ft)
0.8 4.14 3.3 235
Transport node, Hotel,
Recreation, Office
0.90
HOTEL
OFFICE TOWERS
SECTION LINE
HOTEL BUILDING
A U D I T O R I U M TRANSIT PLAZA
GREENBELT
SITE SECTION : SECTION THROUGH TRANSIT PLAZA
B
L
O
C
K
G
Transport Hub
NIGHT VIEW FROM ENTRY COURT
Transport Hub
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Crystal Towers
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Crystal Towers : Package H
H Package
area (million
sq.ft)
Package FAR Built-up area
(million sq.ft)
Height
(m)
Use
Basement
(million sq.ft)
0.5 12.3 6.6 276
Offices, Retail
1.9
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Crystal Towers
Gateway Towers
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Gateway Towers : Package B
C Package
area
(million sq.ft)
Package FAR Built-up area
(million sq.ft)
Max.
Height
(m)
Use Basement
(million sq.ft)
0.47 10.44 5.2 310
Offices, Retail
1.31
Gateway Towers
Gateway Towers
Diamond Tower
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Diamond Tower : Package D
D Package
area (million
sq.ft)
Package FAR Built-up area
(million sq.ft)
Height
(m)
Use
Basement area
(million sq.ft.)
1.08 2.5 2.7 400
Offices, Retail
0.87
Diamond Tower
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Diamond Tower
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Diamond Tower
Global Skyscrapers
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Diamond Tower framed by the Gateway Towers
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Current Status
LandacquiredandtransferredtoGIFTCL
DetailedMasterPlancompleted
ConceptDesignofBuildingsforsixpackagescompleted
CompletionofConceptDesignofBuildingsforall packagesscheduledbyMay08
WorkcompletedonDPRofExternal ConnectivityforPhase1
Builtformengineeringunderway
ApprovalofGoGreceived
ApprovalofGoI receivedforSEZ
InfrastructureDesignConceptSchedulebyMay08
SitepreparationactivitiesandSurveyscommenced
ICTTechnical RegulatoryCompliancesubmitted
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Thank You