Chandigarh to Get Its Own “GIFT City”: A 150-Acre International Financial Centre Planned in Industrial Area

Published by: Garah Pravesh News Desk
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📰 Introduction: Chandigarh’s Biggest Urban Transformation Yet

In a landmark move inspired by Gujarat’s world-famous GIFT City (Gujarat International Finance Tec-City), the Chandigarh Administration has announced plans to establish a 150-acre International Financial Centre in the city’s Industrial Area.

This project marks a historic step in Chandigarh’s evolution from a well-planned city to a global financial and business hub, designed to attract international investors, corporations, fintech startups, and multinational enterprises.

The new centre will mirror the successful model of GIFT City in Gandhinagar, offering state-of-the-art infrastructure, smart digital systems, and investor-friendly policies to make Chandigarh a major financial gateway of North India.

🏗️ Project Overview: 150 Acres of Global-Grade Financial Development

According to government officials, the 150-acre International Financial Centre will be developed in Industrial Area Phase 1 and Phase 2, transforming the existing industrial zone into a futuristic business ecosystem.

Key Features of the Upcoming International Financial Centre:

• 🌆 World-Class Office Towers for global corporations

• 🏢 Financial District dedicated to banks, insurance, and fintech companies

• 🏨 5-Star Hotels and Convention Centres for international business events

• 🏠 Residential and Co-living Zones for working professionals

• 🚆 Excellent Connectivity via airport, metro, and expressways

• 💡 Smart Infrastructure powered by AI, IoT, and digital monitoring

• 🌳 Sustainable Design with eco-parks and zero-emission buildings

This project will completely redefine Chandigarh’s economic landscape, making it a key player in India’s financial future.

💰 Objective: Replicating GIFT City’s Success Model in North India

The GIFT City model has proven that integrated financial zones can attract massive global investments. Following the same vision, Chandigarh’s International Financial Centre will focus on:

• Promoting foreign investments in banking, IT, and fintech

• Creating direct and indirect employment for thousands

• Building an ecosystem for startups and entrepreneurs

• Attracting international financial institutions and consultancies

Officials confirmed that the Centre will operate with SEZ-like advantages, making it easier for foreign companies to set up operations with lower taxation and streamlined approvals.

📊 GIFT City vs Chandigarh International Financial Centre

🧠 Why Chandigarh is Perfect for India’s Next Financial Hub

1. Strategic Location:
   Chandigarh is the gateway to North India, serving Punjab, Haryana, Himachal Pradesh, and J&K — all emerging economic regions.

2. World-Class Infrastructure:
   As India’s first planned city, Chandigarh already offers exceptional roads, drainage, and connectivity, minimizing redevelopment costs.

3. Proximity to Skilled Workforce:
   With top universities like Panjab University, PEC, and nearby IIT Ropar, the city can supply a strong talent pool for finance and IT.

4. High Real Estate Value Growth:
   The announcement of this project is already boosting interest in commercial and residential investments across Zirakpur, Mohali, and Panchkula — regions directly linked to the Industrial Area.

5. Tourism and Lifestyle Advantage:
   Chandigarh’s clean, organized environment makes it ideal for global professionals relocating for long-term assignments.

🏠 Impact on Real Estate Market: The Next Investment Boom

The announcement of Chandigarh’s International Financial Centre has triggered a wave of interest among investors and developers.
Localities such as Zirakpur, Mohali, Kharar, and Panchkula are witnessing a surge in demand for:

• Premium apartments and penthouses

• Commercial office spaces

• Co-working and co-living properties

• Retail and mixed-use developments

Experts believe property prices around Industrial Area, Tribune Chowk, and Airport Road could appreciate by 30–50% over the next 5 years, making this one of the best real estate investment opportunities in North India.

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🧩 Development Timeline & Key Stakeholders

• Land Allocation: 150 acres in Industrial Area Phases 1–2

• Planning Authority: Chandigarh Administration in collaboration with the Ministry of Housing and Urban Affairs

• Consultant: Same expert firm that worked on GIFT City planning

• Project Cost: Estimated ₹8,000–₹10,000 crore

• Expected Timeline:

  • Masterplan Completion: 2025

  • Phase 1 Development: 2026–2028

  • Full Operation: 2030 onwards

🌐 Economic Benefits & Employment Generation

This mega project is expected to create:

• 50,000+ Direct Jobs in finance, IT, and services

• 1 Lakh+ Indirect Jobs through hospitality, logistics, and construction

• ₹25,000+ Crore Annual Economic Impact once fully operational

It will also establish Chandigarh as a global financial link for Northern India, complementing Mumbai and Gandhinagar as the top 3 financial ecosystems in India.

🏦 Investment Opportunities in Surrounding Areas

With Chandigarh set to become a financial hub, surrounding real estate destinations are becoming investor favourites:

• Zirakpur: Ideal for residential and commercial property buyers

• Mohali: Emerging IT hub with affordable luxury projects

• Panchkula: Known for peaceful lifestyle and high appreciation rates

• Aerocity & Airport Road: Hotspots for rental returns and long-term capital gains

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📈 How This Project Will Transform North India

The Chandigarh International Financial Centre will:

• Strengthen India’s global financial presence

• Decentralize economic growth beyond Mumbai and Gujarat

• Create a new international business hub for Northern India

• Enhance employment, living standards, and economic output

This isn’t just a city upgrade — it’s a gateway to India’s financial future.

❓ FAQs About Chandigarh’s International Financial Centre

Q1. What is the Chandigarh International Financial Centre project?

It’s a 150-acre financial and business hub modeled after Gujarat’s GIFT City, focused on attracting global banks, fintechs, and corporates to Northern India.

Q2. Where will it be located?

The centre will be developed in Industrial Area Phase 1 & 2, Chandigarh, strategically close to the Airport and NH-5.

Q3. What are the expected benefits?

Major job creation, foreign investment inflow, real estate appreciation, and global recognition for Chandigarh as a financial capital of North India.

Q4. How can investors benefit?

Property buyers and investors can secure early plots, commercial spaces, or residential apartments near the project for maximum appreciation.

Q5. How to invest safely?

You can contact Garah Pravesh (7087949434) for verified property listings and transparent deals near the new financial centre.

🧭 Conclusion: Chandigarh Steps Into the Future

Chandigarh’s new 150-acre International Financial Centre marks the beginning of a new era for the Tricity region.
It combines strategic planning, global vision, and economic growth — perfectly positioning the city as the “GIFT City of North India.”

With world-class infrastructure and booming demand in surrounding areas, this is the right time for investors to act.

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Content Source – Chandigarh Bhaskar