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GUJARAT INTERNATIONAL FINANCE TEC-CITY (GIFT)

K.Srinivas, IAS., M.D., GUDC
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Project Profile
Project Background

§ GIFT is designed to be a global financial services hub

§ The Project is an initiative of Government of Gujarat (GoG), India

§ The most proactive state in India with a strong emphasis on infrastructure.

§ It is being developed and implemented by Gujarat International Finance

Tec-City Limited (GIFTCL), a Joint Venture Company:
§ GoG through Gujarat Urban Development Company Limited (GUDC) and
§ Infrastructure Leasing and Financial Services Ltd. (IL&FS)

§ Project to be implemented on a Public Private Partnership format

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Potential for GIFT
Potential for GIFT
§ By 2020, studies indicate the Indian Financial Services sector would:
§ Employ up to 10 million people
§ Require 800 million sq.ft. of office space
§ GIFT aspires to capture a modest 6-8% share of business opportunities

GIFT Target Business Entities

Business Nature of Opportunity
Financial Services Operations Back-office of banking, Insurance and Asset Management
Companies

Financial Services Corporate Center Corporate roles in financial services companies. E.g.
Accounting, HR, Admin, IT

Select Product Market Private banking, Product development, microfinance etc.

Capital Market and Trading Includes DCM, ECM, M&A, Commodity trading, Private
Equity, Hedge Funds and Institutional brokerage

IT services Software Application development and maintenance for

BFSI and other verticals

ITeS/BPO Services Captive BPOs of large global financial services companies,

3rd party BPO service providers, KPOs etc.
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Genesis of the Project
Financial Services Sector Opportunities
§ GIFT has Potential to Access a Large Financial Services Opportunity

Estimated No of
Sr.
Financial Services Jobs (Thousands)
No.
Year 2020
1 Financial Services Operations 125-150
Core Financial
2 Financial Services Corporate Centre 100-125
Services
3 Select Product Markets 10-15
4 Capital Markets & Trading 2-4
5 IT for Financial Services 200-225
6 ITeS for Financial Services 75-100
Total 500-600

An additional 5,00,000 indirect jobs is expected to be created by 2020

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Potential for GIFT
Advantage GIFT
§ Strong Location Advantage:
• Its Proximity to Mumbai and strong connectivity by air and road

§ Robust Urban Planning:

• Well Designed Urban Form in place

§ High Quality Infrastructure:

• State of the Art Physical, ICT and Social Infrastructure at affordable prices

§ Availability of Talent Pool:

• Plan Under Implementation for smooth operation of business

§ Business-friendly Regulations and Policies:

• Special Economic Zone Approved

§ Firm Implementation Plan

§ State Government
• Known for development on fast track, always open to ideas, ready for
action – Pragmatic
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Strong
Strong Location Advantage
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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Vision
Master Planning

Vision
§ 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.
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Master Planning and Landmark Buildings

3 4
4
5 1 Diamond Tower

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2 River front

2 1 3 Convention Centre

4 Gateway Towers

5 Transit Node

6 Crystal Tower
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GIFT SEZ
SEZ (250 Acre)
Processing Areas (125 acre) Non-Processing Areas (125 acre)
•International Financial Service Center (IFSC) • Utilities
•International Techno Park • Integrated Townships
•STPI Units - Technology • Entertainment zone
•International Market Zone • Hotel/Convention Centre
•Exchanges, Service Units • Shopping Malls
•Inter. Education Zone • Health Services
• Schooling

Status:
Formal Approval obtained from MOCI
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GIFT Land-use

LAND-USE

Utilities Transportation BUILT-UP AREA

1% 18%
Commercial/
Residential Shopping
38% 5% Hotel
4%

Greens, Water- Public

bodies & PSP Buildings
43% 11%
(32%)
(30%)
Residential/
Commercial (1%)
20%AREA (23%)
OPEN

Offices
60%
(14%)
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Comparison with Global Financial Hubs

Paris Tokyo London Shanghai Gandhinagar

(La Defense) (Shinjuku) (London (Pudong) (GIFT)
Dockyards)

Land use Scale (sq km) 1.6 1.6 1.05 1.7 2.02
Construction Scale (in mn 2.5 1.6 1.1 4.5 7.5
sq m)
Floor-area Ratio 1.56 1.00 1.05 2.65 3.65
Greenbelt (in thousand sq 40 120 50 363 615
m)
Height (m) 200 250 250 490 400
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Infrastructure Components
General Development
Site Development, Firefighting System, Security System
Landscaping
Parks/Gardens, Water Bodies
Transportation
Roads, River Tunnel, Bridges ,Internal Public Transport
Water
Sewage and Drainage, River Training, Water Supply, recycling & WTP
Power
District Cooling
Gas
Solid Waste Management
Information & Communication Technology (ICT)
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Internal Transportation

Terminals

Transport Nodes

Network of Internal
Public Transportation
System

Bouleward

Entry Exit points

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External connectivity
External Road Connectivity

• Total road
network to be
strengthened in
two phases

• 2 new bridges
and 1 river tunnel
envisaged

• 7 grade
separators
planned
Living Bridge
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Transport: Bus Rapid Transit System (BRTS)

Extension
of BRTS
upto GIFT
City

BRTS Extension – 37 km

PHASE 1
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Transport: Metro Rail System (MRTS)

• 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

THALTEJ one way by Year 2010
KALUPUR

• 5 lakhs trips per day

one way by Year 2017
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Landscape
Landscape

GIFT provides landscaped

zones and hierarchy of
green space:

City level
– Central green
– Peripheral greens
/Buffer greens
– Public greens
– Greenways

Neighborhood Level
– Public greens

Major Landscape Component

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Waterfront Development

Sabarmati River
River Training: Proposed Barrages

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
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HVAC System
Power and Heating Ventilation & Air Conditioning System

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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High Quality Infrastructure: ICT
High Quality Infrastructure: ICT

The GIFT ICT Advantage

International Financial Institutions
• High Speed IP based Network Home

• Infinite Bandwidth Hotel/

Airport
Branch Office
• Robust Data Centre with Disaster
Recovery Sites
• Intelligent Building Services
• Shared Market Infrastructure
(Access to National and Global
Stock Exchanges)
Application Mobile Wireless
• Secure, Reliable, Scalable Platform Service Provider
(ASP)
for Global Financial Communities Domestic Institutions VoIP Network

Status: Technical Regulatory Compliance submitted

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The GIFT ICT Vision is Compelling Because

GIFT will exceed the ICT capabilities of comparator cities

Mobile/ Trading Sub Sea Data

All Fibre
Wireless Platform Connectivity Centre

1 GIFT
2 DIFC
3 Dubai Internet City
4 SONGDO,South Korea
5 New WTC – New York
6 Canary Wharf - London
7 Pudong - Shanghai
8 La-Defense Paris
9 Singapore
10 London Stock Exchange
11 NewYork Stock Exchange
12 Tokyo

Poor Reasonable Excellent Not Applicable

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The GIFT Services Vision is Compelling Because

GIFT will exceed the services capabilities of comparator cities
Competitive
Overtaking Smart Faster
Triple Play Service
"Place" Buildings Set-up Provision

1 GIFT
2 DIFC
3 Dubai Internet City
4 SONGDO,South Korea
5 New WTC – New York
6 Canary Wharf - London
7 Pudong - Shanghai
8 La-Defense Paris
9 Singapore
10 London Stock Exchange
11 NewYork Stock Exchange
12 Tokyo

Poor Reasonable Excellent Not Applicable

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Service Trenches
Integrated Underground Service Trenches

Supply of services in a sub

sub--surface regular
grid
Buildings to tap in the grid wherever required
Underground Service Trench
All services housed in various divisions of sub-
sub-
surface ditch Service lines

No service lines aboveground

Alternate sources & technology to be used
for resource management –water & power in
particular
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Solid Waste Management
Solid Waste Management

Plasma Gasification is an Ultimate Solution for Clean/Safe Disposal of Municipal Solid

Waste, Hazardous Waste, and Landfill Reclamation, while Eliminating the Need for
Landfills and Generating Clean, Green Electricity and Energy in the Process
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Concept Design for Buildings

• 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
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Firm Implementation Plan: Framework
Implementation Plan: Framework

GUDC IL&FS

JVC – Gujarat International Finance Tec-City Company Limited

Proposed SPV’s for Sub-Components

Transportation Water Systems
ICT Gas
Landscaping SWM
Power District Cooling

Professionally Managed City Administration

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Firm ImplementationPlan:
Implementation Plan:
Panel of Expert Agencies / Firms
Panel of Expert Agencies / Firms

Design & Architecture

Consortium of East China Architectural Design Institute (ECADI) &
Fairwood India Pvt. Ltd.

ICT Advisory Services

Market Demand Assessment

Talent Demand Assessment

Environmental Aspects IL&FS Ecosmart Limited

Process Management
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Project Cost and Structuring

Total Estimated Project Cost : Rs. 63,700 Cr

Semi Viable
Core Infrastructure User Pay Utilities Real Estate
Infrastructure
Rs. 4,600 Cr Rs. 4,700 Cr Rs. 29,900 Cr Rs. 24,500 Cr

• Site Development • Internal Transport • Power Generation • Office

• Landscape System • Power Distribution • Commercial
• Roads • Transportation Nodes • Waste Mgmt System • Residential
• Storm Water Drainage • Water Supply and • District Cooling • Hotels
• River Training Distribution • Gas System
• ICT
• Parking System

PPP basis To be developed by

To be developed 100% investment
with 26% equity occupiers /
by GIFTCL by GIFTCL
by GIFTCL developers
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GIFT Packages and Landmark Buildings

Q
R
Y P S T J
A
X K
E B
F U
W
Z L
C
G
H

M
V2
D V1

O
N

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 Status: Concept Design commenced
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Package A
‘A’ Package Package FAR Built-up area Max. Use
area (million (million sq.ft) Height Basement
sq.ft) (m) (million sq.ft)
0.4 5.38 2.19 120 Mixed 0.73
Package A
 Package A
PRIMARY SCHOOL & LIBRARY
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Package B
‘B’ Package Package FAR Built-up area Max. Use
area (million (million sq.ft) Height Basement
sq.ft) (m) (million sq.ft)
0.6 3.64 2.22 120 Mixed 0.80
Package B

BLOCK B
Package B

BLOCK B
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Transport Hub

PUBLIC & PRIVATE DOMAIN USES

Hotel
Private zones

Office Institutional / Civic

Transport
Public zones
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Transport Hub: Package G
‘G’ Package Package FAR Built-up area Height Use
area (million (million sq.ft) (m) Basement
sq.ft) (million sq.ft)
0.8 4.14 3.3 235 Transport node, Hotel, 0.90
Recreation, Office
 Transport Hub

BLOCK G
• SITE SECTION : SECTION THROUGH TRANSIT PLAZA

HOTEL
OFFICE TOWERS

SECTION LINE

TRANSIT PLAZA AUDIT ORIUM

GREENBELT HOTEL BUILDING
 Transport Hub
NIGHT VIEW FROM ENTRY COURT
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Crystal Towers
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Crystal Towers : Package H
‘H’ Package Package FAR Built-up area Height Use
area (million (million sq.ft) (m) Basement
sq.ft) (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 Package FAR Built-up area Max. Use Basement
area (million sq.ft) Height (million sq.ft)
(million sq.ft) (m)

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 Package FAR Built-up area Height Use
area (million (million sq.ft) (m) Basement area
sq.ft) (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
§ Land acquired and transferred to GIFTCL

§ Detailed Master Plan completed

§ Concept Design of Buildings for six packages completed

§ Completion of Concept Design of Buildings for all packages scheduled by May 08

§ Work completed on DPR of External Connectivity for Phase 1

§ Built form engineering underway

§ Approval of GoG received

§ Approval of GoI received for SEZ

§ Infrastructure Design Concept Schedule by May 08

§ Site preparation activities and Surveys commenced

§ ICT Technical Regulatory Compliance submitted

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Thank You