Sri Lotus Developers & Realty, a Mumbai-based developer focused on luxury and ultra-luxury residential and commercial projects, has announced its expansion into the GIFT City Area, Gandhinagar, with a flagship ultra-luxury mixed-use development spanning over approximately 1 million sq. ft of built-up area.The company has entered the Gujarat market for the first time through a development agreement with Abhishek Bachchan for a freehold land parcel in the GIFT City Area. The project will be executed through the company’s subsidiary, Rise Root Projects Pvt. Ltd., and will follow a profit-sharing model. The asset-light structure is expected to enhance capital efficiency while enabling Sri Lotus Developers to leverage its core strengths in design, planning, development and execution.Marking a significant milestone beyond its core Mumbai market, the GIFT City project is positioned as a strategic expansion into one of India’s fastest-growing financial and business hubs. The development will comprise a carefully planned mix of premium retail spaces, Grade-A commercial offices and high-end residential units, catering to the rising demand from financial institutions, fintech companies and IT/ITeS firms operating in the region.Backed by the company’s track record in redevelopment and joint development projects, and its focus on timely execution, the project is expected to be completed over a period of four years post launch. The development aligns with the growing interest from domestic and international investors in GIFT City, supported by progressive policy initiatives and robust infrastructure development.Commenting on the expansion, Anand K Pandit, Chairman & Managing Director, Sri Lotus Developers & Realty, said, “We are pleased to announce our entry into the GIFT City Area, Gandhinagar with our flagship ultra-luxury mixed-use project. GIFT City is rapidly emerging as a premier global financial and business hub, supported by progressive policy initiatives, robust infrastructure development, and increasing interest from domestic and international investors. Our expansion into this market is driven by the objective of addressing the rising demand for premium and ultra-luxury residential and commercial spaces within the region.”With this development, Sri Lotus Developers aims to strengthen its presence in high-growth markets while expanding its portfolio beyond Mumbai into emerging national real estate hubs.