Brigade Group's presence in Gujarat International Finance Tec-City (GIFT City), Gandhinagar, is not a peripheral bet on a new market — it is the Bengaluru-headquartered developer's entry point into Gujarat and North India altogether. Brigade International Finance Centre (BIFC) stands as Brigade Group's maiden venture in Gujarat and North India, taking advantage of the Special Economic Zone (SEZ) benefits. The project was unveiled well before most national developers had a Gujarat strategy: at an exclusive preview on 26 March 2018 at Sofitel Hotel in Bandra Kurla Complex, Brigade unveiled its landmark project, Brigade International Financial Centre, in India's first International Financial Services Centre.
BIFC is Brigade's first-ever project in an International Financial Services Centre, and the group has been allotted 1.1 million sq. ft. of space, including two towers for office space. Brigade International Finance Centre is a 2 Basement + Ground + 14 Floor structure and marks Brigade Group's first project in Gujarat & North India. With a total development of over half a million sq.ft. envisioned, the first phase of 3,15,000 sq.ft. is already operational and is home to several Indian and multinational banks, insurance firms, foreign exchange companies, and fintechs. BIFC is an IGBC LEED Gold certified building.
The tenant list underlines the building's standing within GIFT City's IFSC framework: IFSC Banking Units of HDFC Bank and ICICI Bank operate out of BIFC's upper floors, alongside other domestic and multinational financial institutions occupying space in a building purpose-built for the sector. This tower has quickly become a hub for domestic and multinational banks, insurance companies, foreign exchange firms, fintech players and financial service providers.
Brigade is now building on that base. Building on the success of the first tower, Brigade International Finance Centre at GIFT City is set to launch its second tower, BIFC 2, by December 2027, designed to cater to the futuristic demands of the Global IT and Financial Services sectors. This new development will feature a 3B+G+24 structure, incorporating premium amenities such as a cafeteria, diverse food options, and parking for 380 cars.
Brigade's commitment to GIFT City extends past commercial leasing into hospitality — a sector the group has built out across South India and now brought to Gandhinagar. Grand Mercure Ahmedabad GIFT City is located in the heart of GIFT City Ahmedabad, India's first International Financial Service Centre being developed on the outskirts of Ahmedabad city en route to Gandhinagar, the capital of Gujarat. The hotel offers 151 rooms and suites, a swimming pool, spa, gym, all-day dining, a speciality restaurant and free WiFi. The property's dining programme has already drawn national recognition: Samaroh, the speciality restaurant at Grand Mercure, Gandhinagar GIFT City, received the accolade of 'Best Premium Thali Dining Restaurant' at the Times Food Awards 2022. Between the office tower and the hotel, Brigade has effectively planted both a workplace and a hospitality anchor inside the same SEZ campus — a combination few other outside developers have replicated in GIFT City.
GIFT City's fundamentals explain why Brigade chose this address for its first Gujarat project and why it continues to invest here. Gujarat International Finance Tec-City is India's first operational greenfield smart city, developed to position the country on the global financial map, located between Ahmedabad and Gandhinagar, hosting India's first International Financial Services Centre and planned zones for residential, commercial, and institutional use. The city is spread across 886 acres (being expanded to 3,300 acres) of land with 62 mn sq. ft. of commercial, residential, and social infrastructure.
Connectivity has materially improved in the last two years. GIFT City is now on the Ahmedabad Metro network: Phase-2 extends the north-south corridor from Motera in Ahmedabad to Mahatma Mandir in Gandhinagar, with a branch line from Gujarat National Law University linking Pandit Deendayal Energy University and GIFT City. That branch, the Violet Line, is operational with termini at GNLU and GIFT City, and the construction was completed in September 2024. Road and air links remain strong as well, with strategic proximity to Sardar Vallabhbhai Patel International Airport, roughly 20 minutes away, and direct access via NH48 and the metro corridor.
The pricing trajectory reflects this infrastructure build-out. Property prices have risen sharply, from ₹6,000 per sq. ft. in 2022 to ₹10,300 per sq. ft. in 2025, highlighting the capital appreciation potential of residential property in GIFT City. On the commercial side, properties are priced between ₹8,000 and ₹27,000 per sq. ft., depending on location and facilities, reflecting strong demand for premium infrastructure and future-ready workspaces. For a developer entering with a Grade A, SEZ-benefited office tower and an operating five-star hotel, this is the kind of demand curve that supports both leasing income and a phased second tower.
Brigade's decision to anchor its Gujarat debut in an SEZ-grade IFSC building is consistent with a 1986-founded company that has built its reputation on institutional-grade commercial assets. The company was founded by M.R. Jaishankar in 1986 and is headquartered in Bengaluru, with operations that have since spread to Mangalore, Mysore, Chennai, Kochi, Hyderabad, Chikmagalur, Ahmedabad and a representative office in Dubai. Brigade is a publicly listed company — Brigade Enterprises Limited went public in 2007 and is listed on both the NSE and BSE, offering transparency through regular financial disclosures and compliance filings.
Its commercial credentials extend to some of South India's most recognisable business addresses: the group has built World Trade Center Bangalore, World Trade Center Chennai and World Trade Center, Kochi, and holds the WTCA licenses for all the major South Indian cities. As of the most recent disclosures, the company has delivered 300+ buildings constructed upon 100+ mn sq. ft. of area, and is also the licence owner for 6 World Trade Centres in South India. BIFC in GIFT City sits within this same institutional-grade commercial lineage — a developer with a multi-decade record of delivering bank-and-MNC-occupied office towers, now applying that model to India's first International Financial Services Centre.
For an occupier or investor evaluating GIFT City, Brigade's positioning offers a specific combination: a first-mover office asset already tenanted by IFSC banking units, a second tower in the pipeline with a firm 2027 target, a five-star hospitality property on the same campus for client hosting and short stays, and the backing of a 300+ building, NSE/BSE-listed developer with a four-decade operating history. The area's own growth curve — metro connectivity now live, airport within a 20-minute drive, and steadily climbing per-sq-ft realisations — gives that positioning a market backdrop that continues to strengthen rather than plateau.