Savvy Infrastructure to invest Rs 700 crore to develop 10 lakh sq ft in GIFT City

NEW DELHI: GIFT City, a smart city and International Financial Services Centre (IFSC), has allotted 10 lakh sq ft to Savvy Infrastructure for development of commercial, residential and social buildings in GIFT SEZ area, the company said in a media release.

As per the proposed allotment, Savvy will develop various sub-projects within the 10 lakh Sq. feet built up area. These sub-projects will consist of office buildings, logistic space, business center, residential complexes, university building and international club facility in the SEZ area.

Last year 11 companies including Azura Technologies, Ajmera Infotech, Applie Infosol, Shrine Technologies, Silent Infotech and Omega Cyber World had recieved approval to set up units in the special economic zone.