15.17.Current Status of the Project

Infrastructure Current Status

Buildings GIFT ONE & TWO - 28 Storey each: completed Signature- 16 storey: completed Tower of Brigade- 12/17 floors completed World trade center- 13/28 floors completed Tower A- 6 floor slab completed Tower B- 23 floor slab completed Tower C- Yet to start Tower D- 6 floors completed

Road

Upgradation of access roads and construction of sub-arterial roads are completed. RFP for arterial roads is under process. Water WTP has been commissioned STP is under construction District Cooling System Work assigned to ETA Engineers Pvt Ltd AWCS Work assigned to Envac

Sam Riddhi Sarovar RFP is under preparation

MLP Tender are prepared and tenders are under process.

Hospital

School Sterling add life India Ltd; design specifications are under process of finalization ICSE Jamanalal Narsee moniee school is constructed

Hotel Two 4-star hotel are under construction Fuel Station Total two fuel stations are planned and one under IOCL is under construction.

Figure 223- Status of the Project as of March 2020 (Source: www.jetir.org)

• As per (Bandyopadhyay, 2020) IL&FS, a so-called core investment company with its finger in every single pie of business spread over 347 companies in India and overseas, holds a 50 per cent stake in Gift City — India’s first operational smart city and international financial services Centre in

Ahmedabad, Gujarat. In 2007, IL&FS had entered into an agreement with the Gujarat government to develop an international financial services city (IFSC). The agreement had an exit clause.

• Roughly 15 per cent of the space has been allotted to a string of real estate developers as well as banks and financial institutions, including the State Bank of India and Life Insurance Corporation of

India. At least 200 companies are operational now, employing 10,000 people. Overall, Rs 11,000 crore worth of investments have been committed to the project.