Gandhinagar: GIFT City is set to implement a new Business Accommodation Policy aimed at professionals requiring temporary housing. This framework will cater to individuals needing accommodations longer than a typical hotel stay but shorter than a permanent residence.
Under this policy, authorized operators will be permitted to manage designated residential units for various users, including employees, consultants, government officials, and other approved guests. The policy will also extend to their immediate family members accompanying them during their stay.
The policy comes against the backdrop of residents’ concerns that apartments were allegedly leased to operators offering rooms on an hourly basis, raising safety and security issues, a senior GIFT City official said. “We are committed to safe living for residents while ensuring bachelors working in GIFT City companies or studying at universities here are not denied accommodation,” the official said. Employees and engaged professionals of entities registered in GIFT IFSC or operating from GIFT City, along with govt officials on assignment, are proposed to be included in the pre-approved guest categories,” a source said. Managed apartments can bridge that gap, keeping employees closer to work in a regulated environment,” the official said. This is essential infrastructure for a globally competitive financial centre,” said Sanjay Kaul, MD and Group CEO, GIFT City. The policy will also support GIFT City’s “walk-to-work” model by bringing residential and office spaces closer together and reducing commuting, people aware of the discussions said.
GIFT City Business Accommodation Policy features “Many firms do not maintain guest houses, while extended hotel stays are not viable. “GIFT City’s global ambitions require accommodation that matches the way international business operates. Professionals setting up operations, undertaking assignments or relocating with families need flexible, professionally managed stays. A dedicated business accommodation and serviced apartment policy would provide clarity for investors and operators, encourage quality supply and make it easier for companies to bring talent to GIFT City.
