Gandhinagar, January 9, 2026 — In a significant development for India’s emerging financial and business hub, the Bachchan family has partnered with Sri Lotus Developers & Realty Ltd. to advance a major real estate project in Gujarat International Finance Tec-City (GIFT City). Under a registered development agreement, Sri Lotus will undertake an ultra-luxury mixed-use project on a prime land parcel in GIFT City, spanning more than one million square feet. The project will combine premium residential units, commercial offices and retail spaces, marking the company’s first major venture in Gujarat.
The land earmarked for the development was acquired by Amitabh Bachchan nearly 15 years ago, and the agreement has been executed with his son, actor Abhishek Bachchan, acting as the counterparty on behalf of the family’s interests.
Under the deal, Sri Lotus’s wholly owned subsidiary Rise Root Projects Pvt. Ltd. will carry out the development on a profit-sharing and asset-light basis, allowing the developer to leverage its design and construction expertise while the Bachchan family contributes the freehold land.
For Sri Lotus Developers & Realty, the pact represents a strategic entry into the high-growth GIFT City market, expanding its footprint beyond its traditional base in Mumbai’s luxury real estate sector. The company’s shares reacted positively to the announcement, climbing over 4 % on January 7 following the news.
According to company statements, the project is expected to be completed within about four years after launch, and aims to capitalise on rising demand from financial firms, technology companies and high-net-worth individuals drawn to the rapidly evolving GIFT City ecosystem.
While the exact investment size and financial terms have not been publicly disclosed, industry observers note that the agreement’s structure allows the Bachchan family to monetise a long-held land asset while sharing future profits with the developer.
GIFT City, India’s only operational International Financial Services Centre (IFSC), continues to attract domestic and global interest, with mixed-use developments increasingly seen as anchors for economic activity in the region.
