GIFT City Outshines Sabarmati Riverfront as Ahmedabad’s Premier Property Destination

GIFT City’s Meteoric Rise in Ahmedabad’s Real Estate Market

Ahmedabad’s real estate landscape is witnessing a dramatic shift, with Gandhinagar’s GIFT City emerging as the city’s most coveted property zone. Once overshadowed by the iconic Sabarmati Riverfront, GIFT City has now surged ahead, commanding development rights prices that are 38% higher than those at the riverfront. This remarkable leap reflects a new era for investors and developers seeking premium opportunities in Western India.

Comparative Pricing: GIFT City vs. Sabarmati Riverfront

The latest data underscores the magnitude of this transformation. The Sabarmati Riverfront Development Corporation Ltd, under the Ahmedabad Municipal Corporation, recently sold commercial development rights at ₹26,000 per square metre. In contrast, GIFT City’s recent request for proposal (RFP) set the base price for residential development rights at over ₹36,000 per square metre-equivalent to approximately ₹3,383 per square foot. This sharp price differential signals robust demand and GIFT City’s strategic positioning as a magnet for both residential and commercial investments.

On September 13, 2024, the Riverfront Development Corporation auctioned two plots near Vallabh Sadan. The base price for one was ₹23,676 per square metre, with the highest bid reaching ₹26,000 per square metre. Meanwhile, GIFT City’s RFP for two plots not only set a new pricing benchmark but also highlighted the city’s appeal to high-value investors and developers.

Future-Ready Developments in GIFT City

GIFT City’s ambitions go far beyond current pricing trends. The city is preparing to release additional development rights for new plots, including one with a 3,129 square metre footprint and a total construction area of 613,000 square feet, priced at ₹3,383 per square foot. This move aligns with GIFT City’s vision to become a global hub for finance, technology, and luxury living, offering a blend of commercial towers, premium residences, and world-class amenities.

Why GIFT City is Outpacing the Riverfront

Several factors fuel GIFT City’s ascendancy:

• Strategic Location: Positioned between Ahmedabad and Gandhinagar, GIFT City offers seamless connectivity and access to both cities’ resources and talent pools.
• Integrated Infrastructure: The city boasts cutting-edge infrastructure, sustainable design, and smart city features, making it attractive to global businesses and discerning homebuyers.
• Investment Magnet: With competitive pricing and a future-ready ecosystem, GIFT City is drawing major investments, including luxury residential projects and international firms.
• Government Backing: Strong policy support and transparent governance have accelerated approvals and enhanced investor confidence.

Sabarmati Riverfront: Still a Strong Contender

While GIFT City leads in pricing, the Sabarmati Riverfront remains a vibrant and competitive real estate destination. Recent auctions have seen base prices climb to ₹32,500 per square metre for select plots, with major developers investing in mixed-use projects that promise to redefine the riverfront experience. The area is set to house retail outlets, office spaces, hospitality services, and entertainment zones, with upcoming phases and the anticipated Olympic project expected to attract further interest.

Ahmedabad’s Broader Real Estate Boom

The rise of GIFT City is part of a larger trend across Ahmedabad, where property rates have climbed to an average of ₹6,136 per square foot in 2025, reflecting a nearly 2% annual increase. Hotspots like SG Highway, Gota, and Nikol are also experiencing rapid appreciation due to infrastructure upgrades and growing demand. The city’s resilience and investor-friendly environment continue to drive its transformation into a national real estate powerhouse.

Expert Insights and Market Outlook

Industry experts highlight that early investments in GIFT City are likely to yield significant returns as the area matures. The city’s unique blend of commercial, residential, and lifestyle offerings sets it apart from traditional markets. Meanwhile, the riverfront’s ongoing development and high-profile auctions ensure it remains a key player in Ahmedabad’s property narrative.

For those seeking premium opportunities, both GIFT City and the Sabarmati Riverfront offer compelling prospects-each with its own strengths and future potential.