Commercial Property
Brigade Group's BIFC 2 Tower Set for December 2027 Launch at GIFT City Gandhinagar
Brigade Group has announced an upcoming second tower, BIFC 2, at its Brigade Gift City (Brigade International Finance Centre) project in Gujarat International Finance Tec-City (GIFT City), Gandhinagar. The 24-storey tower is scheduled for completion by December 2027, while Tower 1 remains fully operational with over 315,000 sq. ft of premium office space already leased to financial institutions and IT firms.
| Developer | Brigade Group |
|---|---|
| Location | GIFT City (Gujarat International Finance Tec-City), Gandhinagar, Gujarat |
| Project Type | Commercial SEZ Office Complex within International Financial Services Centre (IFSC) |
| Tower 1 Status | Fully operational; 2 basements + ground + 14 floors; 315,000 sq. ft of office space |
| BIFC 2 Timeline | Expected launch by December 2027 |
| BIFC 2 Configuration | 3 basements + ground + 24 floors with premium amenities including 380+ car parking |
| Lease Rate (Tower 1) | Approximately ₹90–₹130 per sq. ft per month depending on tower, floor and view |
| RERA Registration | In process for BIFC 2; not yet available (as of August 2025) |
| Office Space Types | Traditional leased offices, flexible coworking spaces, and fully serviced managed office spaces |
| SEZ Benefits | Direct tax exemptions, customs duty exemptions, simplified compliance, and regulatory advantages |
Project Status and Scope
Tower 1 is already active and operational, while the upcoming BIFC 2 Tower is set to launch by December 2027. The completed Tower 1 boasts a robust structure with 2 basements, a ground floor, and 14 upper floors, providing over 3.15 lakh square feet of premium office space. BIFC 2 will feature a 3B+G+24 structure, incorporating premium amenities such as a cafeteria, diverse food options, and parking for 380 cars.
As an extension of the operational first tower—home to leading Indian and multinational banks, insurance firms, fintech companies, and financial services—BIFC 2 will continue to elevate the standards of commercial excellence within GIFT City.
Pricing and Lease Terms
Leased office spaces can range from approximately ₹90 to ₹130 per square foot per month, depending on the tower, floor, and view. As a premium commercial development in a strategic SEZ, the pricing at Brigade GIFT City is tailored for office space acquisition or leasing. The final price depends on factors like the tower (Tower 1 or BIFC 2), the floor, the view, and the specific office type chosen.
Designed for modern workstyles, Brigade GIFT City offers a versatile mix of traditional offices, flexible coworking spaces, and fully managed office spaces. The project offers a mix of traditional leased office spaces, flexible coworking spaces for individuals and teams, and fully serviced managed office spaces that are ready-to-move-in.
GIFT City: Infrastructure and Demand Context
GIFT City is the country's first operational greenfield smart city, conceived to combine fintech strength with state-of-the-art urban planning. Situated between Ahmedabad and Gandhinagar, it spans 880 acres, with a blend of SEZ (Special Economic Zone) and non-SEZ (DTA) zones. GIFT City is India's first operational smart city and international financial hub. It has been developed to compete with global business districts while offering strong government support. Many financial institutions, IT companies, and international firms have already established their presence here.
The project is exceptionally well-connected, about a 30-40 minute drive from Ahmedabad Airport, 20 minutes from Gandhinagar city center, and has direct access to major highways linking both cities. The project focuses on two key corridors — one connecting Koteshwar Road to Sardar Vallabhbhai Patel (SVP) International Airport and another extending into the Gujarat International Finance Tec-City (GIFT City). Phase 2B involves an extension from the GIFT City Metro Station dead end, featuring three elevated stations.
Commercial Demand and Tenant Profile
Wipro launched a technology hub in Mar 2026 for global BFSI clients, while Hexaware opened a delivery centre in Jun 2026 focused on AI and cloud transformation. GIFT City India now hosts over 1000 registered / operational entities, with banking assets exceeding $100 bn.
With more national and international companies setting up operations, demand for premium office spaces in GIFT City is growing rapidly. Office space is in high demand from banks, finance firms, and IT companies. Recently, large corporate leases (e.g., Infosys leasing in GIFT City) signal strong demand for quality space.
Regulatory Status
The RERA registration details for the upcoming BIFC 2 tower are in process and will be available soon. Karnataka projects (Bengaluru, Mysuru, Mangalore, Chikmagalur) are registered with K-RERA; Tamil Nadu projects (Chennai) with TN-RERA; Telangana projects (Hyderabad) with TS-RERA; Kerala projects (Kochi, Thiruvananthapuram) with K-RERA (Kerala); Gujarat projects (GIFT City) with GUJ-RERA.
Development phases
Frequently asked questions
What is the current status of Brigade GIFT City?
The project's Tower 1 is fully operational. The second tower, BIFC 2, is upcoming and is slated for completion by December 2027.
What types of office spaces are available?
Brigade GIFT City offers a versatile mix of traditional offices, flexible coworking spaces, and fully managed office spaces. Whether you are a large corporation needing a custom floor plate or a growing startup seeking an agile workspace, this project caters to all.
What are the SEZ benefits at GIFT City?
One of the biggest advantages of GIFT City is its SEZ status, which provides tax benefits, simplified regulations, and ease of doing business. IFSC zone benefits include 100% tax exemptions on select incomes, and state-of-the-art infrastructure including underground utility tunnels, district cooling, and automated waste systems.
What is the lease pricing for office space at Brigade GIFT City?
Leased office spaces can range from approximately ₹90 to ₹130 per square foot per month, depending on the tower, floor, and view.
Is RERA registration available for this project?
The RERA registration details for the upcoming BIFC 2 tower are in process and will be available soon. Interested buyers should confirm the latest status directly with Brigade Group's sales office.
What is the connectivity from Ahmedabad and Gandhinagar?
The project is exceptionally well-connected, about a 30-40 minute drive from Ahmedabad Airport, 20 minutes from Gandhinagar city center, and has direct access to major highways linking both cities.