Gujarat real estate 2016: JLL

The following is the report by Nirav Kothary, Head – Gujarat Operations & National Director – Industrial Services, JLL India

The state of Gujarat is one of the most industrialised states in India, with a well-earned reputation of being very investor-friendly. The state has a proven track record for attracting high volumes of investment, becoming the most favoured investment destination in India on the back of its sound economic policies and pro-active governance. The Vibrant Gujarat Summit has acted as an effective catalyst for Gujarat’s journey of industry growth, and the 6th edition of Vibrant Gujarat in 2015 saw as many as 21,304 Investment Intentions signed.

The Gujarat Government is developing the only IFC (International Finance Centre) in Gujarat – GIFT City (Gujarat International Finance Tec-City) is an under-construction central business district to be built on 886 acres of land. Additionally, Dholera SIR, the Gujarat affordable housing mission, the Kalpsar Project, PCPIR, DMIC, DFC, High-Speed Rail Corridor and various other mass transit projects across the cities are initiatives to boost the growth of Gujarat’s urban and industrial sectors.

Gujarat is home to various cities such as Ahmedabad, Vadodara, Surat, Rajkot, Jamnagar, Vapi, etc. which are nodes of urban development in the state, are considered independent growth centres with their own identities, and attract population from across the country.