Infosys Leases Major Office Space in Gujarat's GIFT City

16 Jun 2025 CW Team

The new development centre spans four floors (14 to 17) and can accommodate around 1,000 employees. Infosys will pay Rs 55 per sq ft per month on the chargeable area and Rs 108 per sq ft on the 53,020 sq ft carpet area. The lease also includes 71 dedicated parking spaces and a three-year lock-in period. A security deposit of Rs 34.3 million has been paid to the landlord, Savvy Realty Creators LLP.

The facility was officially inaugurated on 7 June by Gujarat Chief Minister Bhupendrabhai Patel. It is positioned as a TechFin hub focused on digital solutions for global BFSI clients. Services will span digital banking, trade finance, regulatory affairs, capital markets, payments, and risk management.

Infosys CFO Jayesh Sanghrajka said the new centre aligns with the company’s vision to lead innovation in financial services from within India’s foremost international finance hub. “GIFT City offers a future-ready environment that enables digital transformation through technologies like AI, Gen AI, cloud, and blockchain,” he added.

GIFT City, located between Ahmedabad and Gandhinagar, covers 880 acres along the Sabarmati River. It is divided into a Special Economic Zone (SEZ) for export-oriented business and a Domestic Tariff Area (DTA) for commercial and residential use. Around 30 per cent of the city is currently operational.

Real estate experts highlight high demand in the SEZ zone, with vacancy rates as low as 1.46 per cent and annual net absorption of 0.5 million sq ft. Rentals for Grade A buildings now exceed Rs 70 per sq ft per month, with new supply expected in late 2025.

The city's commercial strength is underpinned by the presence of major firms like Cognizant, Wipro, Bank of America, Morgan Stanley, and JP Morgan. On the residential front, over 14 million sq ft is allocated for housing, and 6 million sq ft for social infrastructure.

Experts suggest that real estate investors can expect returns of 7 to 8 per cent in GIFT City, supported by tax incentives in the IFSC such as exemptions on GST, STT, CTT, and stamp duty for certain financial transactions. With global investor interest rising, GIFT City is fast emerging as a preferred destination for technology and financial services.

Infosys Limited has leased 103,000 square feet of office space in Gujarat’s GIFT City for a monthly rent of Rs 5.73 million, marking a strategic expansion into India’s only operational International Financial Services Centre (IFSC). The 10-year lease, signed for the PRAGYA-2 building in Gandhinagar, began in October 2024 and includes annual rent escalations of 5 per cent.The new development centre spans four floors (14 to 17) and can accommodate around 1,000 employees. Infosys will pay Rs 55 per sq ft per month on the chargeable area and Rs 108 per sq ft on the 53,020 sq ft carpet area. The lease also includes 71 dedicated parking spaces and a three-year lock-in period. A security deposit of Rs 34.3 million has been paid to the landlord, Savvy Realty Creators LLP.The facility was officially inaugurated on 7 June by Gujarat Chief Minister Bhupendrabhai Patel. It is positioned as a TechFin hub focused on digital solutions for global BFSI clients. Services will span digital banking, trade finance, regulatory affairs, capital markets, payments, and risk management.Infosys CFO Jayesh Sanghrajka said the new centre aligns with the company’s vision to lead innovation in financial services from within India’s foremost international finance hub. “GIFT City offers a future-ready environment that enables digital transformation through technologies like AI, Gen AI, cloud, and blockchain,” he added.GIFT City, located between Ahmedabad and Gandhinagar, covers 880 acres along the Sabarmati River. It is divided into a Special Economic Zone (SEZ) for export-oriented business and a Domestic Tariff Area (DTA) for commercial and residential use. Around 30 per cent of the city is currently operational.Real estate experts highlight high demand in the SEZ zone, with vacancy rates as low as 1.46 per cent and annual net absorption of 0.5 million sq ft. Rentals for Grade A buildings now exceed Rs 70 per sq ft per month, with new supply expected in late 2025.The city's commercial strength is underpinned by the presence of major firms like Cognizant, Wipro, Bank of America, Morgan Stanley, and JP Morgan. On the residential front, over 14 million sq ft is allocated for housing, and 6 million sq ft for social infrastructure.Experts suggest that real estate investors can expect returns of 7 to 8 per cent in GIFT City, supported by tax incentives in the IFSC such as exemptions on GST, STT, CTT, and stamp duty for certain financial transactions. With global investor interest rising, GIFT City is fast emerging as a preferred destination for technology and financial services.

Infrastructure Transport

01 Jun 2026

MMRDA advances 250 m on Orange Gate–Marine Drive tunnel

The Mumbai Metropolitan Region Development Authority (MMRDA) has completed 250 m of underground tunnelling for the Orange Gate–Marine Drive Urban Road Tunnel using India’s largest slurry shield tunnel boring machine (TBM) deployed for an urban road project.The project involves twin tunnels extending over 7 km beneath critical transport corridors, including Central Railway, Western Railway and Metro Line 3. The work requires high-precision engineering to navigate densely developed urban infrastructure.Once completed, the tunnel is expected to reduce travel time between Orange Gate and Marin..

Infrastructure Urban

01 Jun 2026

Hindustan Zinc Pays Rs 188.46 Billion in FY26

Hindustan Zinc contributed Rs 188.46 billion to the public exchequer in FY 2025-26, according to its 9th Tax Transparency Report. The contribution, equivalent to 46 per cent of the company’s revenue, included direct and indirect taxes, government royalties, dividends to the Government of India, withholding taxes and other statutory levies.The company’s five-year cumulative contribution to the exchequer stood at Rs 915.72 billion. In FY26, Hindustan Zinc reported revenue of Rs 408.44 billion, EBITDA of Rs 221.62 billion and profit after tax of Rs 138.32 billion. It also achieved its highest..

Infrastructure Urban

01 Jun 2026

World of Concrete India 2026 Opens in Mumbai

Informa Markets in India will host the 12th edition of World of Concrete India 2026 from 3–5 June 2026 at the Bombay Exhibition Centre, Mumbai. The specialised B2B exhibition will bring together manufacturers, suppliers, contractors, developers, architects, consultants, infrastructure companies, project leaders and government stakeholders.The event is expected to feature over 350 brands and more than 18,000 trade professionals. It will cover concrete and cement, dry mortar, precast technologies, formwork, construction chemicals, industrial and commercial flooring, scaffolding, safety solutio..