Brigade International steps into Gujarat with Rs 2.5 bn SEZ

Real estate major Brigade Group’s is stepping into Gujarat with Brigade International Financial Centre (BIFC), which is expected to be operational in the next three months.

According to the group’s chairman and managing director MR Jaishankar, “the 14-storeyed Rs 2.5-billion project, which is coming up in Gujarat International Finance-Tec (GIFT) City, will have the National Stock Exchange (NSE) as its anchor tenant.”

Also, the BIFC SEZ is setting up a hotel property called Grand Mercure GIFT City, which would be completed in a year and be managed by French multinational hospitality company AccorHotels.

Jaishankar added: “Since GIFT City is a specialised-financial city, it will start competing with other international markets for currency and bonds trading. In the future, even NSE might start listing foreign companies. That is the idea behind an international SEZ.”

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