Sri Lotus Developers & Realty has announced its expansion into GIFT City, Gandhinagar, Gujarat, with the launch of an ultra-luxury project spanning over one million sq. ft. of built-up area. 

This marks the company’s first project in Gujarat and a significant step beyond its core focus on Mumbai. The project will be developed through its subsidiary, Rise Root Projects, which has entered into a development agreement with actor Abhishek Bachchan. The project will feature a mix of premium retail spaces, Grade-A commercial office spaces, and high-end residential units, targeting the growing demand from financial institutions, fintech firms, and IT/ITeS companies. With its strong execution capabilities and proven track record, the project is expected to be completed within four years. 

Anand K Pandit, Chairman and Managing Director of Sri Lotus, highlighted that GIFT City is emerging as a global financial hub, making this expansion a strategic move to cater to the demand for luxury spaces in the region.