Gujarat: GIFT City project gets fastest RERA nod

An upcoming project in GIFT City has received the fastest Gujarat Real Estate Regulatory Authority (GujRERA) approval after the development authority passed the plan.

The project also probably has the highest FSI in the state.

The upcoming residential project by Nila Spaces has received RERA registration 102 hours after its plans got approved by GIFT City authority and 12 working hours after the RERA application.

Experts believe developers can get RERA registration faster than expected if they plan accurately.

GIFT City is witnessing strong momentum in the commercial and residential segments, with several new projects coming.

Many international financial institutions and fintech companies have already set up their offices in GIFT City.