GIFT City sees real estate boom on hopes of lucrative returns
Financial Express Mumbai|December 19, 2023
UNIT PRICES UP A THIRD IN LITTLE OVER A YEAR
ABHINAY KUMAR
GIFT City sees real estate boom on hopes of lucrative returns

INDIA'S FIRST SMART city GIFT (Gujarat International Finance-Tec City) is witnessing a real estate boom, prompting the authorities to allocate additional land for the construction of 5,000 residential flats in the township. A tender for the construction of residential infrastructure on 1.2 million square feet of this additional land is already open for bidding.

Prices for residential apartments in GIFT City have witnessed a steep 30-35% surge in the past few months. Realty developers said despite the price rise, they have been able to sell around 80% of the inventory before completion of the projects.

The returns on real estate investments in GIFT City may outdo realty projects in other parts of the country with prospective buyers willing to shell out extra for the state-of-the-art infrastructure being developed.

هذه القصة مأخوذة من طبعة December 19, 2023 من Financial Express Mumbai.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

هذه القصة مأخوذة من طبعة December 19, 2023 من Financial Express Mumbai.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

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