1. Gujarat International Finance Tec –City (GIFT ) – A City for the Next Generation India
Gujarat International Finance Tec – City
March ‘09
1

2. Background
• India need to tap its Financial Services Potential :
- Need to have globally benchmarked Financial Services Hub
• Existing Cities do not match up to the expectations in respect of working and living
lifestyle
• What is needed:
- To design such a centre leading to global competitiveness
- To capitalize on the existing strengths of the region
GIFT provides this solution
2

3. Presentation Structure
GIFT: The Value Proposition
Project Overview
Business Plan
3

4. GIFT: The Value Proposition
4

5. GIFT : Value Propositions
Gujarat:
Ideal
Destination
Strong
Aesthetics
Promoters/
PPP
Global
Benchmarking
GIFT Defined
Positioning
Integrated
Developme Strategic
nt Location
Partners in
Progress
5

6. Gujarat is an ideal destination for developing a ‘Best-in-Class’ Financial Service Center
Key Competitive Factor Gujarat
People Gujarat has adequate employable pool and offers high
potential for inward migration
Business Environment Gujarat has demonstrated successfully its forte of
providing conducive business environment
Market Access Gujarat provides a strong platform for launch of new
financial products/services
Infrastructure A key focus area of Government, Infrastructure
continues to contribute to economic development
General Competitiveness Overall, the state stands tall
6

7. Strong Partners : Public Private Partnership
An Opportunity A Pro-active State Govt IL&FS
• Booming demand in Financial • State Govt. of Gujarat (GoG) • A premiere institution with a
& IT Services spearheading a slew of proven track record in
initiatives to usher economic infrastructure and financial
• India’s financial capital,
prosperity through public- services
Mumbai, saddled with
crumbling infrastructure and
sky-rocketing cost of business
operations
+ private efforts and investment
in the State + • Pioneer in launching
infrastructure projects on a
PPP model in India
• Set itself the highest target
• Lack of any methodically CAGR of 11.4 % under India’s • Widespread experience in
planned and developed world- 11th 5-year plan planning and development of
class International Finance large-scale commercially
Centre (IFC) viable Infrastructure projects
Gujarat Urban Development Company Limited (GUDC )
&
Infrastructure Leasing & Financial Services Ltd. (IL&FS)
entered into 50:50 Joint Venture on May 15, 2007 to conceive, plan and develop
Gujarat International Finance Tec-City
On Public Private Partnership Format
7

8. Defined Positioning
The Concept
GIFT aspires to catalyze India’s Largest Financial Services potential by To target 6-8% of Creation of 1 Mn 90 Mn sq ft of real
offering world class infrastructure to attract top talent in the country Financial Services direct & indirect estate office and
Potential in India jobs residential space
Source :Mckinsey Report, Hewitt Research
GIFT’s Target Business Segments
Financial services
operations 1. National Financial services operations’ hub
• Would require about 800
Core 2. Regional/functional Head quarters for financial
Financial services services players Mn sq ft of office space all
Financial Services corporate centre 3. National head quarters for players
over india
Select product 4. Private Banking hub for NRIs/ Regional HNWs • GIFT aspires to capture a
markets 5. International microfinance hub
modest 6% to 8% share of
Capital Markets
6. International commodity trade hub these categories
and Trading
7. Participation in global capital markets • Ancillary and support
8. Global Hub for IT services for Financial services
IT services services would add similar
sector
9. Global Hub for BPO services for Financial job opportunities
ITeS/BPO services
services sector
Source: McKinsey Analysis
8

9. Strategic Locational Advantage
Distance Primary Travel
(kms)
Mode
Ahmedabad 12 Road@- Direct
Connectivity;
Gandhinagar 8 Transit Systems
Air* ( 1 hr flying
Mumbai 545 time), Train (8
hrs)
@ GIFT site currently abuts a four lane National
Highway connecting Ahmedabad and
Gandhinagar (LRTS and expressway to be
developed)
* The Ahmedabad Intnl. Airport - the nearest
Airport to GIFT - is very well connected to
Mumbai with over 12 flights a day (one way)
9

10. Partners in Progress
Design & Architecture
Consortium of East China Architectural Design Institute (ECADI) &
Fairwood India Pvt. Ltd.
Market Demand Assessment
ICT Advisory Services
Talent Demand Assessment
Environmental Aspects Environment
Real Estate Assessment
Legal Consultant
Process Management Infrastructure
10

11. Integrated Development
Residential Housing Projects: Technology
• Well planned residential housing • Broadband FTTP
projects • WiFi/Wimax
• Walk-to-work layouts • Shared IT Services
• Global Connectivity
Basic Infrastructure
• Uninterrupted and highly
High Rise business district reliable power supply
• Benchmark office high-rise (99.999%)
district to be created with • Next Class: Water, Waste
landmark buildings Management, District
• Total ~143 mn sq. ft. built-up Cooling
area (~91 mn sq. ft. above
ground)
Retail cum entertainment hubs
• High quality entertainment malls to
Social Infrastructure: be set up
• Educational Institutes to be Overall Connectivity/ • Over 60% of the space is planned to
established Transport be green
• International Schools for • External Connectivity
primary education includes
• Privatized hospitals with MRTS/BRTS/Roads
infrastructure to be established • Public-Private Modal Split
90:10
• Personalized Rapid Transit
(PRT) System 11

12. GIFT is positioned very favorably in comparison to other key Indian cities…
Indian cities GIFT Key initiatives envisaged
Comparative position
Parameters
on a scale of 10
Attractive sustainable local
economy
2.1 5 Gift being promoted as a hub for capital markets
Investor-friendly nodal agency proposed to facilitate
Stable political environment 1.8 6 single window clearance on government regulation
Highly developed
infrastructure
3.9 6 State of the art infrastructure proposed within GIFT
External connectivity proposal exclusively made for
Strategic geographical location 2.7 5 GIFT
International standards proposed for residential,
Good quality of life 3.2 6 educational and recreational facilities
Source: McKinsey Analysis
12

13. … and also has been designed to be at par or above with Globally Benchmarked IFCs
Paris (La Defense) Tokyo (Shinjuku) London (Dockyards) Pudong (Lujiazui) GIFT
Paris Tokyo London Pudong GIFT
(La Defense) (Shinjuku) (Dockyards) (Lujiazui)
Land use Scale (sq km) 1.6 1.6 1.05 1.7 2.02
Construction Scale (in mn sq m) 2.5 1.6 1.1 4.5 8.4
Greenbelt (in thousand sq m) 40 120 50 363 615
Height (m) 200 250 250 490 410
Source: ECADI/Fairwood Consultants
In terms of scale and sheer physical scope, GIFT is being designed to be at or above par with presently
acknowledged Globally Benchmarked International Financial Centers (IFCs)
13

14. GIFT: Skyline
The skyline of GIFT is formed by a series of landmark structures. 3 buildings are
above 350 mt, 27 above 150 m and 31above 100 m height. 14

15. GIFT: Bird Eye View
Skyline along the prime waterfront is expected to follow the profile depicted with
limited fluctuation 15

16. Project Overview
16

17. Master Plan Area : GIFT will spur development in the region
Integrated Townships
C
GIFT
GIDC CONVENTION
CENTRE
RIVER FRONT
DEVELOPMENT 17

18. TRANSIT ORIENTED DEVELOPMENT (TOD)
• 2 Multimodal Transit Nodes
• 10:90 Modal Split between
Private : Public Transport
• Aiming for Zero fatal
accidental city
18

19. Well-Defined Building Packages
Building Packages carved out based on
• No. of Building Packages: 30
• Total Built-up Area: ~143 mn. sq. ft. (~91 mn.
sq. ft. above ground)
• Largest Building Package: 10.2 mn. sq. ft.
BUA
• Smallest Building Package: 0.9 mn. sq. ft.
BUA
• Height of tallest tower: 405 mt.
• Urban façade and character
• Walk-to-work environment
• Accessibility to Core and Basic infrastructure
19

20. The GIFT Real Estate Component comprises Office, Service and Residential facilities
Area GIFT Land use (in %)
BUA 19%
37%
(Million In %
Component Residential+ Commercial
Sq.Ft.)* 11%
Green space + Water bodies
Residential 22 23% PSP
Transpotation
Commercial 54 60%
33%
Hotel 2 2%
Built-up Area
1%
Retail 4 5% 2% 9%
23%
Residential
5% Commercial
Retail
Public Building 9 9%
Hotel
Public Buildings
Recreation 1 1% Recreational
Total 92 100 % 60%
20

21. Landmark Buildings
5
4
3 4
5 1 Diamond Tower
6
2 River front
2
3 Convention Centre
1
4 Gateway Towers
5 Transit Node
6 Crystal Tower
21

22. Diamond Tower
Plot Area (Sq. Mt) 28,628
Total Area (Sq. ft) 4,286,056
- Above Ground (Sq. ft) 2,721,372
- Below Ground (Sq. ft) 1,564,684
Max Height in Meters 410
Max No. of Floors 84
Office with
Building Use support facilities
Package – D / Diamond Tower
22

23. Gateway Towers
Plot Area (Sq. Mt) 39,864
Total Area (Sq. ft) 7,682,282
- Above Ground (Sq. ft) 5,356,978
- Below Ground (Sq. ft) 1,827,624
Max Height in Meters 350
Max No. of Floors 83
Office with
Building Use support facilities
Package – C / Gateway Towers
23

24. Transit Node
Plot Area (Sq. Mt) 28,628
Total Area (Sq. ft) 5,709,016
- Above Ground (Sq. ft) 3,127,505
- Below Ground (Sq. ft) 1,073,602
Max Height in Meters 231
Max No. of Floors 55
Hotel, Office &
Building Use
Commercial
Package – G / Transit Node
24

25. Crystal Towers
Plot Area (Sq. Mt) 45,390
Total Area (Sq. ft) 9,059,068
- Above Ground (Sq. ft) 6,475,558
- Below Ground (Sq. ft) 1,982,258
Max Height in Meters 276
Max No. of Floors 65
Office with
Building Use support facilities
Package – H / Crystal Towers
25

26. Convention Centre
Package – W/Convention Centre/ Museum
Plot Area Total Area Above Ground Below Ground Max Height Max No. of Building Use
(Sq. Mt) (Sq. ft) (Sq. ft) (Sq. ft) in Meters Floors
214,550 6,938,554 3,606,348 2,997,165 65 16 Convention
Center*
* Musuem, Auditorium, Cultural Center, Exhibition spaces with Support Facilities 26

27. River Front
Package – V1 / Dream River
Plot Area Total Area Above Below Max Height Max No. of Building Use
(Sq. Mt) (Sq. ft) Ground (Sq. Ground (Sq. in Meters Floors
ft) ft)
31, 540 2,513,760 216,333 2,277,329 17 4 Recreational Place
with support facilities
27

28. GIFT Infrastructure Development Overview
• All infrastructure designed to support businesses
• Common infrastructure will be integrated
• Technology to ensure reasonable tariffs and energy conservation
• All utilities /services to be controlled and coordinated
Infrastructure Facilities/Services
- Site Development
- Landscaping
- Maintenance Systems
- Roads and Transportation
- Water Systems
- ICT
- Power Generation and Distribution
- District Cooling System
- Domestic Gas Distribution
- Waste Management Systems
28

29. TRANSPORTATION – External Connectivity
• Grid of six external gateways from NH-8
and State Highway/GoG
• Bus Rapid Transit System (BRTS) being
extended to GIFT : Ahmedabad
Municipal Corporation
• Metro Rail Transport System (MRTS)
being extended to GIFT: GoG
GANDHINAGAR
MRTS Route
MRTS to GIFT
BRTS to GIFT GIFT
Existing BRTS
Living Bridge Signature Bridge
Koba
Naroda
Sabarmati
Airport
AHMEDABAD
MRTS and BRTS to GIFT
29

30. TRANSPORTATION – Accessing GIFT
Living Bridge
River Tunnel Signature Bridge
In Addition : 4 External Parking Hubs; Logistic Centre
30

31. Transportation - Internal
Transport
• Travelators and Sky Walk
• Traffic Monitoring and Control Travelators
• Personal Rapid Transit System (PRT)
• Recessed Roads – underground
• Surface Roads for Pedestrians & Emergency Recessed Road
vehicles
PRT
VIDEO
31

32. Water Source, Promenade and Water Front Development
 Water Sources:
 Narmada Main canal
 Recycling and Reuse of Wastewater
 Rainwater Harvesting
 GIFT Master Reservoir
 Concept of Zero Discharge City
 Perennial Water Front ensured through
construction of three barrages on river
Sabarmati
 Proposed Landscaped promenade at the
river bank along GIFT
32

33. Solid Waste Management
• Projected Waste Quantity of GIFT: 488 TPD
• Minimize impact on environment, human intervention, space requirement,
impact on health hazard
Automatic Collection and Transportation System
1
1 1
2
2
3
3
1. The waste is thrown into a disposal chute
2. Computer controlled access
3. Waste sucked through pipes at a speed of 90 km/hr VIDEO
33

34. Power
• Estimate Total Demand : ~1000 MW
• Underground cabling for power distribution within the GIFT
• Substation and Distribution Automation
• Indoor substation
1. Gas Insulated Switchgears(GIS) substation for Sub-transmission and Distribution with
Gift
2. Compact substatio (CSS) in Building
Central Control Centre
Reliability – 99.999%
which means outage
of 5.3
minutes/annum
34

35. District Cooling
Centralized Air Conditioning System
• Conventional AC System not Required
• Efficiency through economies of scale
• Reduces energy costs
• Reduces maintenance costs
• Improves air quality and temperature control
• Reduces noise and vibration
• Total Capacity : 325,000 TR
35

36. Integrated Underground Service Trenches
• Segregation of services at
4-level
• Supply of services in a
sub-surface regular grid
• Buildings to tap in the
grid wherever required
• All services housed in
various divisions of sub-
surface ditch
• No service lines
aboveground
36

37. GIFT ICT Vision and Value Proposition
Create a world class financial city by offering an unrivalled
GIFT Vision business environment to global and local financial services
enterprises.
Create leading-edge infrastructure, services and platforms and
GIFT ICT Vision offer financial services enterprises a significant competitive
advantage to operate regionally and globally
37

38. Information and Communication Technology (ICT)
• GIFT Occupants would have access to following ICT Services
Infrastructure Platforms Services
High Speed Fibre * Financial Extranets Data
Network CUG to Exchanges Voice
Diverse Local and Voice Wi-Fi
International Industry Specific Tier-4 Data Centres
Connectivity Platforms
Business Continuity
Pervasive Wireless and City e-Portal
Mobile Network Security
Sensor Networks
High Speed Internet
Data Centres IPTV Internet Gateway Access
Monitoring
* About 8000 km fibre ( equivalent to Ahmedabad – Chicago Distance! )
38

39. Information & Communication Technology (ICT) 39
GIFT will exceed the ICT capabilities of comparator cities
Competitive
Overtaking Smart Faster Mobile/ Trading Sub Sea Data
Triple Play Service All Fibre
"Place" Buildings Set-up Provision Wireless Platform Connectivity Centre
1 GIFT
2 DIFC
3 DIC
4 SONGDO
5 New WTC – New York
6 Canary Wharf - London
7 Pudong - Shanghai
8 La-Defense Paris
9 Singapore
10 London Stock Exchange
11 New York Stock Exchange
12 Tokyo
Source: Study by British Telecom Poor Reasonable Excellent Not Applicable
39

40. Business Plan
40

41. Implementation Framework
• Public Private Partnership
- Significant private sector participation into specific viable components
•Core Infrastructure
- To be contracted out by GIFTCL inducting the latest in construction technology
• Utility SPV’s
- GIFT District Cooling Systems Limited
- GIFT Water Infrastructure Limited
- GIFT Waste Management Services Limited
- GIFT Transport Infrastructure Development Limited
- GIFT Power Company Limited
- GIFT ICT Services Limited
Real Estate
- Unique opportunity to developers across to redefine their destination
- Uniformity of design and aesthetics to be maintained
- GUDC will be single-window Area Development Authority.
41

42. Investment and Structuring
Total Estimated Investment: INR ~ 703 bn (USD 15.6 bn)
Core Infrastructure User Pay Utilities Real Estate
Rs.105 bn Rs. 250 bn Rs. 348 bn
(USD 2.3 bn) (USD 5.6 bn) (USD 7.7 bn)
• Site Development • Power Distribution • Office
• Landscape • Waste Mgmt System • Commercial
• Roads • District Cooling • Residential
• Storm Water Drainage • Transport • Hotels
• River Training • ICT
• Water
 By Developers
 By SPVs on PPP
 By GIFTCL  Full Commercial
 Opportunity for
 Opportunity for Rights
Infrastructure
Contractors  Single Window
Developers
Clearance
42

43. Financing the Investment
Source of Fund Rs.Bn ( USD* Bn)
GIFT Fund 124 (2.8)
Infrastructure Developers 56 (1.2)
Debt 175 (3.9)
Real Estate Developers 348 (7.7)
Total 703 (15.6)
(*1 UDS = INR 45)
43

44. Present Status of the Project
• Land allotted by Government of Gujarat for GIFT Project
• Design for Building Packages and Infrastructure completed
- Detailed Designing of Infrastructure is in progress
• Approval received from Government for the GIFT Master Plan
- DCR being finalized
• SEZ Approval received from Government of India
• MOU’s signed for > 100mn Sq.ft. with Real Estate Developers
• Induction of private developers for Infra SPV’s in progress.
• Environmental Clearance and Height Clearance under progress
• Contracting Strategy in place
- Site Fencing and peripheral earthen road under progress
• Talent Development/Construction Worker Welfare Program initiated by
GoG
44

45. Thank you
45