Buying Property in Gandhinagar as an NRI: GIFT City, Kudasan & Sargasan

Gandhinagar is Gujarat’s planned capital, wide, green, sector-gridded and calmer than its bustling neighbour Ahmedabad, 25 kilometres south. For years it was a government town most investors overlooked. That has changed decisively for one reason: GIFT City.

The GIFT City effect

GIFT City, the Gujarat International Finance Tec-City, is India’s flagship International Financial Services Centre, built on the Gandhinagar side of the river. Its tax-advantaged IFSC regime has pulled in banks, insurers, fund managers and fintech firms, and the employment that follows is exactly the kind that drives premium rental demand: young, well-paid professionals who want quality housing within a short commute.

For an NRI, GIFT City is also familiar territory in another sense, it hosts offshore banking and fund structures many non-residents already use. Owning residential property nearby is a way to hold a stake in that growth story with a tangible, rentable asset.

Where the housing actually is

GIFT City’s own residential towers are limited and premium, so most of the liveable demand spills into the established Gandhinagar suburbs just beside it:

• Kudasan, the most popular residential node near GIFT City, with newer apartment projects and the strongest rental pull.
• Sargasan, adjoining growth area, a slightly gentler entry price than Kudasan.
• Raysan, newer supply, popular with buyers wanting modern projects near the GIFT corridor.
• Infocity, the IT/office cluster that anchors employment on this side.
• The sectors, the original planned city, quieter and greener, with a mix of government and private housing.

Apartments in the Kudasan-Sargasan belt broadly sit in the ₹5,000-8,500 per sq.ft range, with GIFT-adjacent, newer projects at the upper end.

Who Gandhinagar suits

This is a patient, long-horizon market rather than a quick flip. The bet is that GIFT City keeps scaling and pulls rents and values up around it, a thesis that favours a buyer comfortable holding for years while the corridor matures. The planned-city layout, greenery and lower density are a lifestyle draw that a returning-retiree NRI often values as much as the yield.

The usual safeguards

Buy into GujRERA-registered projects, verify the title through a local advocate, and fund via your NRE/NRO account. Then test the thesis with your own numbers in the EMI and rent-vs-buy calculators.

Figures here are indicative and change constantly, always confirm current local rates and consult a qualified professional before buying.