IFSCA Panel Proposes Direct Listing at GIFT City

01 Sep 2023 CW Team

The International Financial Services Centre Authority (IFSCA) has set its sights on streamlining the process for direct listings at Gujarat International Finance Tec-City (GIFT City). In a recent development, the IFSCA panel has recommended crucial changes to the regulatory framework, aiming to make GIFT City a more attractive destination for companies looking to go public.

The proposed measures seek to simplify and expedite the listing process for businesses in GIFT City's capital markets. This move could potentially unlock significant opportunities for domestic and international companies to raise capital directly, bypassing the traditional route of listing on Indian stock exchanges.

The IFSCA's initiative aligns with GIFT City's broader vision of becoming a global financial hub. It is expected to boost investor confidence and attract a broader range of businesses, including startups and tech firms, to list their shares at GIFT City. By facilitating direct listings, the IFSCA aims to position GIFT City as a competitive player in the international financial landscape, ultimately fostering economic growth and job creation.

These recommendations signal a progressive step towards establishing GIFT City as a prominent financial centre and may contribute to India's broader economic transformation.

Real Estate

05 Dec 2025

RBI Rate Cut Boosts Confidence Across Housing Market

Industry Context and Market DynamicsThe real estate industry has welcomed the RBI’s rate cut as a timely boost to affordability and demand. With home prices having risen steadily across major markets, even a marginal reduction in interest rates meaningfully strengthens purchasing power, especially for first-time and mid-income buyers.Ashish Jerath, President – Sales & Marketing, Smartworld Developers, observes:“The RBI’s 25-basis-point cut, bringing the repo rate down to 5.25%, is a timely boost for the real estate sector. Lower interest rates reduce borrowing costs, enabling homeb..

BMC Resumes Rs 170 Billion Road Works, Targets 80 per cent By Jan 2026

Following the withdrawal of the southwest monsoon in October, the Brihanmumbai Municipal Corporation (BMC) has restarted work on 645 roads—covering 297.49 kilometres—under its large-scale concretisation programme. Data shows that more than 60 per cent of the resumed works are located in the western suburbs. Officials said the civic body aims to complete concretisation on 80 per cent of the roads where fresh work has begun by January 2026. Launched in 2022, the Rs 170 billion project seeks to concretise 700 kilometres of roads across Mumbai. All civil works were halted during the monsoon ..

India Pushes Digital Shift In Urban Land Mapping

The Department of Land Resources (DoLR) under the Ministry of Rural Development has convened a National Symposium on NAKSHA – the National Geospatial Knowledge-based Land Survey of Urban Habitations – to advance India’s transition to modern, technology-driven land mapping. Speaking at the inaugural session, Secretary Manoj Joshi underscored the urgent need to move revenue departments away from outdated, tape-based methods and rough hand-drawn sketches. He stressed that adopting latitude–longitude-based digital mapping and GIS-linked registration systems is essential for economic stabi..