GIFT City allots 10 lakh sq ft spaces for 5 realty projects
The Gujarat International Finance Tec-City, popularly known as GIFT City has allotted 10 lakh square feet of built-up area to Savvy Infrastructures Pvt Ltd, a firm headed by Jaxay Shah, national chairman of CREDAI (Confederation of Real Estate Developers' Association of India). Savvy will invest ₹700 crore in developing five projects including commercial, residential and social structures. This is a significant real estate allotment during the challenging times of Covid-19 and it will give a boost to the real estate dynamics of this region. MD and Group CEO of GIFT City, Tapan Ray, informed that they are delighted to have Savvy's commitment of such a big investment at this crucial juncture. Savvy will develop office buildings, logistic space, business centre, residential complexes, university building and international club facility in the SEZ.
