GUJARAT INTERNATIONAL FINANCE TEC-CITY (GIFT)
K.Srinivas, IAS., M.D., GUDC
Project Background
§ GIFT is designed to be a global financial services hub § The Project is an initiative of Government of Gujarat (GoG), India
§ The most proactive state in India with a strong emphasis on infrastructure.
Project Profile
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§ It is being developed and implemented by Gujarat International Finance Tec-City Limited (GIFTCL), a Joint Venture Company:
§ GoG through Gujarat Urban Development Company Limited (GUDC) and § Infrastructure Leasing and Financial Services Ltd. (IL&FS)
§ Project to be implemented on a Public Private Partnership format
Potential for GIFT
§ By 2020, studies indicate the Indian Financial Services sector would: § Employ up to 10 million people § Require 800 million sq.ft. of office space GIFT aspires to capture a modest 6-8% share of business opportunities
Potential for GIFT
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§
GIFT Target Business Entities
Business Financial Services Operations Financial Services Corporate Center Select Product Market Capital Market and Trading Nature of Opportunity Back-office of banking, Insurance and Asset Management Companies Corporate roles in financial services companies. E.g. Accounting, HR, Admin, IT Private banking, Product development, microfinance etc. Includes DCM, ECM, M&A, Commodity trading, Private Equity, Hedge Funds and Institutional brokerage Software Application development and maintenance for BFSI and other verticals Captive BPOs of large global financial services companies, 3rd party BPO service providers, KPOs etc.
IT services ITeS/BPO Services
Financial Services Sector Opportunities
§ GIFT has Potential to Access a Large Financial Services Opportunity
Genesis of the Project
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Sr. No. 1 2 3 4 5 6
Financial Services Financial Services Operations Core Financial Financial Services Corporate Centre Services Select Product Markets Capital Markets & Trading IT for Financial Services ITeS for Financial Services Total
Estimated No of Jobs (Thousands) Year 2020 125-150 100-125 10-15 2-4 200-225 75-100 500-600
An additional 5,00,000 indirect jobs is expected to be created by 2020
Advantage GIFT
§ Strong Location Advantage:
• • • • • Its Proximity to Mumbai and strong connectivity by air and road Well Designed Urban Form in place State of the Art Physical, ICT and Social Infrastructure at affordable prices Plan Under Implementation for smooth operation of business Special Economic Zone Approved
Potential for GIFT
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§ Robust Urban Planning: § High Quality Infrastructure: § Availability of Talent Pool: § Business-friendly Regulations and Policies: § Firm Implementation Plan § State Government
• Known for development on fast track, always open to ideas, ready for action – Pragmatic
Strong Location Advantage Strong LocationAdvantage
§ 12 kms from Ahmedabad International Airport:
§ 8 lane Expressway
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§ 8 kms from Gandhinagar:
§ Political Capital of Gujarat
§ Integrated Townships:
§ § § § § High Quality Residences Entertainment Hospitality Commercial Social Infrastructure
Master Planning
Vision
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Vision
§
We envision an Urban Development……. with minimized ground coverage with low energy consumption, walk to work concept, where people can live and work in a high-quality environment, and which could be a template for Sustainability in City Planning, Globally.
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Master Planning and Landmark Buildings
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3
4 4 6 2 1 5 1 2 3 4 5 6
Diamond Tower River front Convention Centre Gateway Towers Transit Node Crystal Tower
GIFT SEZ
SEZ (250 Acre)
Processing Areas (125 acre)
•International Financial Service Center (IFSC) •International Techno Park •STPI Units - Technology •International Market Zone •Exchanges, Service Units •Inter. Education Zone
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Non-Processing Areas (125 acre)
• • • • • • • Utilities Integrated Townships Entertainment zone Hotel/Convention Centre Shopping Malls Health Services Schooling
BUILT-UP AREA
Shopping 5% Public Buildings 11%
(32%) (30%) (1%)
Hotel 4%
Residential/ Commercial 20% OPEN AREA (23%)
Offices 60% (14%)
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Comparison with Global Financial Hubs
Paris (La Defense) Tokyo (Shinjuku) London (London Dockyards)
1.05 1.1 1.05 50 250
Shanghai (Pudong)
Gandhinagar
(GIFT)
Land use Scale (sq km) Construction Scale (in mn sq m) Floor-area Ratio Greenbelt (in thousand sq m) Height (m)
1.6 2.5 1.56 40 200
1.6 1.6 1.00 120 250
1.7 4.5 2.65 363
2.02 7.5 3.65 615
400
490
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Infrastructure Components
General Development Site Development, Firefighting System, Security System Landscaping Parks/Gardens, Water Bodies Transportation Roads, River Tunnel, Bridges ,Internal Public Transport Water Sewage and Drainage, River Training, Water Supply, recycling & WTP Power District Cooling Gas Solid Waste Management Information & Communication Technology (ICT)
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Internal Transportation
Terminals Transport Nodes Network of Internal Public Transportation System Bouleward Entry Exit points
External Road Connectivity
• Total road network to be strengthened in two phases 2 new bridges and 1 river tunnel envisaged 7 grade separators planned
External connectivity
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•
•
Living Bridge
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Transport: Bus Rapid Transit System (BRTS)
Extension of BRTS upto GIFT City
BRTS Extension – 37 km PHASE 1
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Transport: Metro Rail System (MRTS)
• Additional link of 25 km between GIFT, Airport, Ahmedabad and Gandhinagar • Transport Demand Generated by GIFT between Ahmedabad & Gandhinagar
• 2.5 lakhs trips per day one way by Year 2010
KALUPUR
THALTEJ
• 5 lakhs trips per day one way by Year 2017
Landscape
GIFT provides landscaped zones and hierarchy of green space:
Landscape
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City level
– Central green – Peripheral greens /Buffer greens – Public greens – Greenways
Neighborhood Level
– Public greens
Major Landscape Component
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Waterfront Development
Sabarmati River
River Training: Proposed Barrages
Total Water Requirement: § 12 MGD To maintain the River Front : •Total Water Depth : 7 mt •2 mt Water Topup required to cover up losses through Dharoi dam •River Bed shall be treated with synthetic geomembrane to reduce water losses
Power and Heating Ventilation & Air Conditioning System
POWER SUPPLY
• ~1000 MW Captive Power Plant • Power Generation from Super Critical Technology
HVAC System
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DISTRICT COOLING SYSTEM
• Total Load: 2.7 Lakhs Tons • Cost Effective Technology • Energy Efficient • Environment friendly, Space Saving • One of the largest District Cooling System
High Quality Infrastructure: ICT
High Quality Infrastructure: ICT
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The GIFT ICT Advantage
• High Speed IP based Network • Infinite Bandwidth • Robust Data Centre with Disaster Recovery Sites • Intelligent Building Services • Shared Market Infrastructure (Access to National and Global Stock Exchanges) • Secure, Reliable, Scalable Platform for Global Financial Communities
Application Service Provider (ASP) Domestic Institutions Mobile Wireless VoIP Network Branch Office International Financial Institutions Home
Hotel/ Airport
Status: Technical Regulatory Compliance submitted
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The GIFT ICT Vision is Compelling Because
GIFT will exceed the ICT capabilities of comparator cities
All Fibre Mobile/ Wireless Trading Platform Sub Sea Connectivity Data Centre
1 GIFT 2 DIFC 3 Dubai Internet City 4 SONGDO,South Korea 5 New WTC – New York 6 Canary Wharf - London 7 Pudong - Shanghai 8 La-Defense Paris 9 Singapore 10 London Stock Exchange 11 NewYork Stock Exchange 12 Tokyo
Poor Reasonable Excellent Not Applicable
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The GIFT Services Vision is Compelling Because
GIFT will exceed the services capabilities of comparator cities
Overtaking Triple Play "Place" Smart Buildings Faster Set-up
Competitive Service Provision
1 GIFT 2 DIFC 3 Dubai Internet City 4 SONGDO,South Korea 5 New WTC – New York 6 Canary Wharf - London 7 Pudong - Shanghai 8 La-Defense Paris 9 Singapore 10 London Stock Exchange 11 NewYork Stock Exchange 12 Tokyo
Poor Reasonable Excellent Not Applicable
Integrated Underground Service Trenches
Service Trenches
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Supply of services in a sub-surface regular subgrid
Buildings to tap in the grid wherever required All services housed in various divisions of subsubsurface ditch
Underground Service Trench Service lines
No service lines aboveground Alternate sources & technology to be used
for resource management –water & power in particular
Solid Waste Management
Solid Waste Management
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Plasma Gasification is an Ultimate Solution for Clean/Safe Disposal of Municipal Solid
Waste, Hazardous Waste, and Landfill Reclamation, while Eliminating the Need for Landfills and Generating Clean, Green Electricity and Energy in the Process
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Concept Design for Buildings
• Building Concept Design
• To realize urban form and facade • Concept Design for buildings commenced for 25 packages • GIFT skyline would boast of • 25 Buildings (above 150 m) • 52 High-Rise Buildings (above 100m) • 36 mn. sq. ft of Built-Up Area of High-Rise Buildings
Implementation Plan: Framework
GUDC IL&FS
Firm Implementation Plan: Framework
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JVC – Gujarat International Finance Tec-City Company Limited
Proposed SPV’s for Sub-Components
Transportation ICT Landscaping Power Water Systems Gas SWM District Cooling
• Site Development • Landscape • Roads • Storm Water Drainage • River Training
• Internal Transport System • Transportation Nodes • Water Supply and Distribution
• Power Generation • Power Distribution • Waste Mgmt System • District Cooling • Gas System • ICT • Parking System PPP basis with 26% equity by GIFTCL
• Office • Commercial • Residential • Hotels
To be developed by GIFTCL
To be developed by occupiers / developers
100% investment by GIFTCL
GIFT Packages and Landmark Buildings
Q R Y X W E F C H V2 M P S A B Z G T J K U L
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D
V1 O
N
Total number of Packages: 25 Land Area varying from 1.8 Ha – 12.9 Ha B/U Area varying from 1.2 mn. Sq. ft. – 7.5 mn. Sq. ft. F.S.I. varying from 2.5 – 13.7 Status: Concept Design commenced
Package A
‘A’ Package area (million sq.ft) 0.4 Package FAR Built-up area (million sq.ft) 2.19 Max. Height (m) 120 Use
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Basement (million sq.ft)
Mixed
5.38
0.73
Package A
Package A
PRIMARY SCHOOL & LIBRARY
Package B
‘B’ Package area (million sq.ft) 0.6 Package FAR Built-up area (million sq.ft) 2.22 Max. Height (m) 120 Use
Mixed
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Basement (million sq.ft) 0.80
3.64
Package B
BLOCK B
Package B
BLOCK B
Transport Hub
PUBLIC & PRIVATE DOMAIN USES
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Hotel Private zones
Office
Institutional / Civic
Public zones
Transport
Transport Hub: Package G
‘G’ Package area (million sq.ft) 0.8 Package FAR Built-up area (million sq.ft) 3.3 Height (m) 235 Use
Transport node, Hotel, Recreation, Office
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Basement (million sq.ft) 0.90
4.14
Transport Hub
• SITE SECTION :
SECTION THROUGH TRANSIT PLAZA
BLOCK G
HOTEL OFFICE TOWERS SECTION LINE
GREENBELT
HOTEL BUILDING
TRANSIT PLAZA
AUDIT ORIUM
Transport Hub
NIGHT VIEW FROM ENTRY COURT
Crystal Towers
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Crystal Towers : Package H
‘H’ Package area (million sq.ft) 0.5 Package FAR Built-up area (million sq.ft) 6.6 Height (m) 276 Use
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Basement (million sq.ft)
Offices, Retail
12.3
1.9
Crystal Towers
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Gateway Towers
Gateway Towers : Package B
‘’ C’’ Package area (million sq.ft) 0.47 Package FAR Built-up area (million sq.ft) Max. Height (m) 310 Use Basement (million sq.ft)
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10.44
5.2
Offices, Retail
1.31
Gateway Towers
Gateway Towers
Diamond Tower
Diamond Tower : Package D
‘D’ Package area (million sq.ft) 1.08 Package FAR Built-up area (million sq.ft) 2.7 Height (m) 400 Use
Offices, Retail
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Basement area (million sq.ft.) 0.87
2.5
Diamond Tower
Diamond Tower
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Diamond Tower
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Global Skyscrapers
Diamond Tower framed by the Gateway Towers
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Current Status
§ Land acquired and transferred to GIFTCL § Detailed Master Plan completed § Concept Design of Buildings for six packages completed § Completion of Concept Design of Buildings for all packages scheduled by May 08 § Work completed on DPR of External Connectivity for Phase 1 § Built form engineering underway § Approval of GoG received § Approval of GoI received for SEZ § Infrastructure Design Concept Schedule by May 08 § Site preparation activities and Surveys commenced § ICT Technical Regulatory Compliance submitted