The internationally renowned GIFT City, India’s leading tech hub, is set to unveil an expansive entertainment, retail, and recreational zone. The proposed 20-acre site is slated to feature theme parks, gaming arcades, and various recreational facilities.
A major highlight of the zone is the GIFT Eye—a giant Ferris wheel, reminiscent of the London Eye, soaring to a height of 158 meters. Additionally, the area will house a cultural zone, complete with art galleries, theaters, and performance spaces.
The Entertainment Zone will showcase a retail and dining extravaganza, offering a diverse landscape that caters to various tastes and preferences.
“A vibrant Retail cum Entertainment hub is a compelling necessity alongside our robust business hub,” said a senior official of GIFT City.
The estimated cost of the project is Rs 5,000 crore, and global tenders have already been issued. The state government aims to finalize the Memorandum of Understanding (MoU) for the project during the upcoming Vibrant Gujarat Global Summit in January.
Key highlights of the project:
- A 158-meter Ferris wheel, reminiscent of the London Eye
- A cultural zone with art galleries, theaters, and performance spaces
- A retail and dining extravaganza
- Tranquil green spaces, parks, and recreational areas
Eligibility criteria for bidders:
- Parties with a net worth exceeding Rs 10,000 crore
- Must have developed at least one project on a minimum land area of 21 acres
- Must have designed and completed at least one mall
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