UK to fund Gift City development

27 Nov 2020 CW Staff

The UK has formed a strategic partnership to develop GIFT City, a fledging international financial services centre. The UK has set up a new Fund of Funds to route its future capital investments into India. The State Bank of India manages the Fund of Funds.

The new infrastructure finance and policy partnership signed by India and the UK will help to execute investments worth 1.4 trillion in National Infrastructure Pipeline. The agreement was signed at the tenth Economical and Financial Dialogue (EFD) by finance Minister Nirmala Sitharaman and UK’s Chancellor Rishi Sunak.

Mr Sunak said that the bilateral partnership between India and the UK would lead the way for the global recovery of the economy. He further stated that they are working on other initiatives to build trade infrastructure, sustainable finance, and research. The partnership to develop the GIFT City is also a part of the initiative to increase the international capital flow from London to India.

A joint statement by leaders of the two countries said that the collaboration between India and UK would speed up the development of India’s first financial services centre, the GIFT City (Gujarat International Finance Tec-City). More significant links will be formed between the Indian and the United Kingdom’s governments by bringing together the GIFT City and UK’s financial services ecosystem.

The UK will support India’s Infrastructure Pipeline, under the infrastructure partnership signed by the countries. The UK will share with India its experience, knowledge and provide technical assistance to India’s National Infrastructure Pipeline, which includes setting up a Project Preparation Support Facility-cum-Centre for Excellence for PPP Projects.

India and the UK are also establishing a new Sustainable Finance Forum to mobilise private capital for green investments.

Real Estate

05 May 2026

Dubai Real Estate Sales Reach AED48 Billion

Dubai’s real estate market recorded 13,977 sales transactions worth AED48 billion in April 2026, reflecting continued resilience across residential and commercial segments.According to a market update by fäm Properties, sales volume rose 3.5 per cent month-on-month compared to March, while total sales value increased by 10.7 per cent. The commercial sector, including offices and shops, recorded the strongest growth, with 561 transactions valued at AED4 billion, up 33.9 per cent year-on-year and 36.2 per cent month-on-month.Apartment sales rose 6.5 per cent month-on-month to 11,377 transacti..

Casagrand Launches 35-Acre Hyderabad Project

Casagrand has launched Casagrand Vybe, its largest residential project in Hyderabad, spread across 35 acres in Rajendra Nagar. The launch marks the company’s fifth residential rollout in 2026 and strengthens its expansion momentum in the city.As part of its Hyderabad growth strategy, Casagrand is adding 3.98 million sq ft of residential space to its portfolio. Since entering the Hyderabad residential market in 2023, the company has scaled its presence with projects across key micro-markets. In 2025, it launched four projects — Casagrand Evon, Casagrand Windsor Court, Casagrand Belair and C..

Bentley Event Spotlights AI Infrastructure

Bentley Systems recently hosted Illuminate Mumbai 2026, bringing together infrastructure leaders, policymakers, technology experts and academia to discuss how AI-driven engineering and digital twins can accelerate India’s journey towards Viksit Bharat 2047.The event focused on scaling intelligent and connected infrastructure ecosystems beyond digital adoption. Discussions covered the use of infrastructure AI, open data environments and digital twin technologies to improve project delivery, sustainability and long-term asset performance across key sectors.Kamalakannan Thiruvadi, Regional Exec..