With ambitious aspirations to host an F1 motor racing circuit in its busy worldwide Finance Centre, GIFT City is on the fast road to become a worldwide sports powerhouse.

The Gujarat International Finance Tec-City Company (GIFTCL) is set to embark on a groundbreaking venture, introducing the first ultra-luxury hotel within the domestic tariff area (DTA) of GIFT City, Gandhinagar district.

The Infibeam Avenues-commissioned Artificial Intelligence and Technology Extension Hub in Ahmedabad will be built by Colliers. With plans to open within 18 months, this new building is an expansion of the planned AI centre in GIFT City, Gujarat.

Afcons Infrastructure, the Ahmedabad Metro Phase 2 construction contractor, completed the Sabarmati River Bridge near Gandhinagar. At 962 metres, this Phase 2 Package C1 bridge connects the Gujarat National Law University (GNLU) to GIFT City.

GIFT City's second phase, comprising town planning concepts, is anticipated after state government evaluation and public comment. This phase intends to strengthen GIFT City's global financial hub status.

The opening of India's first IIBX by Prime Minister Narendra Modi at GIFT City is expected to boost commercial real estate here. With integrated development, improved connectivity, and technology, this commercial area is ready for a quantum jump.

Price Waterhouse is set to open an office in Gujarat International Finance Tec-City (GIFT City) as more multinational clients start moving to the new financial services centre, two people aware of the development said.