[3][4] The city is located on the banks of the Sabarmati River and is around 12 km (7.5 mi) from Sardar Vallabhbhai Patel International Airport.

[5][6][7][8] The city is designed so residents can walk to work, and includes commercial, financial and residential complexes.

[11] With the opening of the first campuses of two Australian universities on 7 November 2023 in the presence of Indian counterpart Dharmendra Pradhan and Australian Education Minister Jason Clare, GIFT City is beginning to establish itself as the centre of foreign universities in the nation.

According to Eric Yu, president, of enterprise business of Huawei India, this technology included networks, data centres and surveillance.

They were allocated 28,000 square metres (300,000 sq ft) to develop the commercial tower with the likelihood of setting up an exchange office.

[20] In November 2018, The Wire reported the Government of Gujarat State would buy out the 50% stake of beleaguered Infrastructure Leasing & Financial Services (IL&FS) in the GIFT City to minimize delays to the project.

[25] On 20 January 2020, The Economic Times reported GIFT was ready to begin trading in rupee-dollar in the futures market.

[29] Major construction events in GIFT City, Gujarat, India: 2007: 2008: 2009: 2010: 2012: 2013: 2014: 2015: 2016: 2017: 2019: 2021: 2023: As part of Phase-I development, around 780,000 square metres (8.4×10^6 sq ft) of built-up area has already been allotted from the 1,200,000 square metres (13×10^6 sq ft) available for commercial, residential and social use.

This policy permits liquor to be served in restaurants, hotels, and clubs within GIFT City, but only to its permanent employees and their authorized visitors, as sanctioned by the respective companies' human resources departments.

GIFTCL has also set up 5 subsidiary companies for the implementation of specialized infrastructure including Power, Water, ICT (Information & Communication Technology), District Cooling and solid waste management.