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Gift City Gujarat

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Namestring
Gift City Gujarat
Legal namestring
RR88
Websiteurl
giftcityahmedabad.in
Company typeenum
Private
Founded yearint
2016
Operating statusenum
Operating
Ownership categoryenum
akta.pro rankint
HeadquartersAhmedabad, India
HQ citystring
Ahmedabad
HQ countrystring
India
HQ regionstring
Asia
Markets served

Serves global market

Keyword5 values
commercial real estate, property brokerage, commercial leasing, real estate services, property transactions
Industry1 code
1Tenant Representation & Corporate Services Brokerage
CodeBPAJABAJPrimaryYes
NAICS code1 code
  • Offices of Real Estate Agents and Brokers53121
SIC code1 code
  • Real Estate Agents & Managers (For Others)6531
Product category
Commercial Real Estate Brokerage
No data
GTM motion1 record

Each record includes

Type, Description, Source

Revenue model1 record
1Online Betting and Gambling Services
TypeTransaction Fee
Description

RR88 generates revenue through transaction fees and house edge on various gambling products including sports betting, casino games, lottery (xổ số), slot machines (nổ hũ), fish shooting games (bắn cá), and cock fighting (đá gà). The platform takes a percentage cut on all wagers placed through its ecosystem.

festinahorloges.nl
Marketing channels3 records

Each record includes

Title, Type, Stage, Description, Source

Distribution channels2 records

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components4 values
Personnel, Operations, Marketing or Sales, Others
Pricing details1 tier
1Standard betting platform with promotional bonuses for new members
ModelTransaction based/ take rateBilling cadencePay-as-you-go
Notes

Free to register. Platform generates revenue through house edge on bets. Promotional offer: 'đăng ký +88K' (register +88K VND bonus).

festinahorloges.nl
GTM typeB2B
B2B
Offering typeServices
Services
Core offering1 text field

Gujarat Property (operating under the name Gift City Gujarat) is a commercial real estate agent based in Ahmedabad, India. The firm provides brokerage services for buying, selling, renting, and leasing commercial properties in the Ahmedabad market.

Differentiator
Functional benefit
Problem solved
Product and service1 record
1Commercial Property Brokerage Services
CategoryCommercial Real Estate Brokerage
Description

End-to-end brokerage services for buying, selling, renting, and leasing commercial properties in Ahmedabad, Gujarat. Targeted at businesses and investors seeking retail, office, or industrial space.

Scale indicator2 records

Each record includes

Type, Value, Description, Source

Partnership3 partners
1Dream Gaming
Strategic tierCoreTypeTechnology or Integration
Description

Dream Gaming provides live casino gaming content integrated into the RR88 platform, enabling real-time dealer games for users.

2Evolution
Strategic tierCoreTypeTechnology or Integration
Description

Evolution provides premium live casino gaming solutions integrated into RR88's offerings, ensuring high-quality live dealer experiences.

3PAGCOR (Philippine Amusement and Gaming Corporation)
Strategic tierCoreTypeOthers
Description

PAGCOR is the Philippine regulatory body that issues gambling licenses. RR88 claims to be licensed by PAGCOR for its online betting operations.

Recent move6 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight4 records

Each record includes

Type, Description

Peers10 records
1NoBroker
TypeEmerging player
Description

Indian direct-to-consumer real estate platform that enables property transactions without traditional brokers. Comparable as a disintermediation threat to small commercial brokerages by enabling owners and tenants to bypass agent commissions.

2MagicBricks
TypeEmerging player
Description

India's major online real estate marketplace, with growing commercial property listings alongside its core residential inventory. Comparable as a channel that increasingly captures the listing and lead-generation function traditionally performed by local brokerages.

399acres
TypeEmerging player
Description

One of India's largest property listing portals covering residential and commercial real estate. Comparable to the subject brokerage as an online channel competing for tenant and buyer mindshare on commercial property search.

4Cushman & Wakefield India
TypeBroad incumbent
Description

Global real estate services firm with established India operations covering commercial brokerage, valuation, and advisory. Comparable on the same commercial sale and lease mandate pool that the subject firm addresses.

5Housing.com
TypeEmerging player
Description

Indian online real estate platform with commercial property listings and brokerage-association programs. Comparable as a digital competitor targeting the same small-business and SME commercial property search audience in Indian cities.

6PropTiger
TypeEmerging player
Description

India-focused online and offline residential and commercial real estate brokerage platform. Comparable as a digital-first competitor pursuing the same property-buying and renting customers, particularly smaller-ticket commercial mandates.

7Knight Frank India
TypeBroad incumbent
Description

International real estate consultancy active in India's commercial property markets, including brokerage of office, retail and industrial space. Directly comparable as a competing commercial property broker serving similar landlords and tenants in Ahmedabad and beyond.

8JLL India
TypeBroad incumbent
Description

India arm of a global commercial real estate services firm offering brokerage, advisory, and property management across major Indian cities including Ahmedabad. Directly comparable because it competes for the same commercial sale/lease mandates the subject firm pursues.

9CBRE South Asia
TypeBroad incumbent
Description

Global real estate services firm with significant operations across Indian commercial markets. Comparable as a competing commercial brokerage and advisory provider targeting the same buy/sell/lease mandates in Indian office, retail, and industrial segments.

10Colliers India
TypeBroad incumbent
Description

Global commercial real estate services provider with India operations spanning brokerage and advisory for office, retail, industrial and land assets. Directly comparable as a competitor for commercial property transactions across Indian cities.

Market position
Strengths3 records

Each record includes

Headline, Details, Source

Weaknesses3 records

Each record includes

Headline, Details, Source

Competitive moat4 records

Each record includes

Type, Details

Key risks5 records

Each record includes

Headline, Details, Source

Key highlights5 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Segment1 record

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile1 record

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
No
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Core technology
Revenue estimate
Valuation estimate
Number of profiles
No data
No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Gift City Gujarat

Commercial Real Estate Brokeragegiftcityahmedabad.in

Gift City Gujarat firmographics

Firmographics
Name
Gift City Gujarat
Legal name
RR88
Website
https://giftcityahmedabad.in
Company type
Private
Founded year
2016
Operating status
Operating
Ownership category
akta.pro rank

Gift City Gujarat industry classification

Industry
Product category
Commercial Real Estate Brokerage
NAICS
Offices of Real Estate Agents and Brokers (53121)
SIC
Real Estate Agents & Managers (For Others) (6531)
akta.pro primary industry
Tenant Representation & Corporate Services Brokerage (BPAJABAJ)

Keywords

  • Commercial real estate
  • Property brokerage
  • Commercial leasing
  • Real estate services
  • Property transactions

Where Gift City Gujarat is headquartered

Location

Headquarters

HQ city
Ahmedabad
HQ country
India
HQ region
Asia

Markets served

Gift City Gujarat business model

Business model
GTM type
B2B
Offering type
Services
Cost components
Personnel, Operations, Marketing or Sales, Others

Revenue model

  1. Online Betting and Gambling Services: RR88 generates revenue through transaction fees and house edge on various gambling products including sports betting, casino games, lottery (xổ số), slot machines (nổ hũ), fish shooting games (bắn cá), and cock fighting (đá gà). The platform takes a percentage cut on all wagers placed through its ecosystem.

Pricing tiers

ModelBillingPrice
Transaction based/ take ratePay-as-you-goStandard betting platform with promotional bonuses for new members

Go-to-market motion1 record

Distribution channels2 records

Marketing channels3 records

Gift City Gujarat product offering

Product offering

Core offering

Gujarat Property (operating under the name Gift City Gujarat) is a commercial real estate agent based in Ahmedabad, India. The firm provides brokerage services for buying, selling, renting, and leasing commercial properties in the Ahmedabad market.

Differentiator

Problem solved

Functional benefit

Products and services

  • Commercial Property Brokerage Services End-to-end brokerage services for buying, selling, renting, and leasing commercial properties in Ahmedabad, Gujarat. Targeted at businesses and investors seeking retail, office, or industrial space.

Companies that use Gift City Gujarat

Customer profile

Segments1 record

Ideal customer profiles1 record

Gift City Gujarat technology and API

Technology

Technology focussed No

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Gift City Gujarat partnerships and signals

Strategic signal

Partnerships

Three partnerships are on record, tiered core.

  • Dream GamingcoreTechnology or IntegrationDream Gaming provides live casino gaming content integrated into the RR88 platform, enabling real-time dealer games for users.
  • EvolutioncoreTechnology or IntegrationEvolution provides premium live casino gaming solutions integrated into RR88's offerings, ensuring high-quality live dealer experiences.
  • PAGCOR (Philippine Amusement and Gaming Corporation)coreOthersPAGCOR is the Philippine regulatory body that issues gambling licenses. RR88 claims to be licensed by PAGCOR for its online betting operations.

Scale indicators2 records

Recent moves6 records

Expansion highlights4 records

Gift City Gujarat competitors and assessment

Company assessment

Emerging players

  • NoBroker: Indian direct-to-consumer real estate platform that enables property transactions without traditional brokers. Comparable as a disintermediation threat to small commercial brokerages by enabling owners and tenants to bypass agent commissions.
  • MagicBricks: India's major online real estate marketplace, with growing commercial property listings alongside its core residential inventory. Comparable as a channel that increasingly captures the listing and lead-generation function traditionally performed by local brokerages.
  • 99acres: One of India's largest property listing portals covering residential and commercial real estate. Comparable to the subject brokerage as an online channel competing for tenant and buyer mindshare on commercial property search.
  • Housing.com: Indian online real estate platform with commercial property listings and brokerage-association programs. Comparable as a digital competitor targeting the same small-business and SME commercial property search audience in Indian cities.
  • PropTiger: India-focused online and offline residential and commercial real estate brokerage platform. Comparable as a digital-first competitor pursuing the same property-buying and renting customers, particularly smaller-ticket commercial mandates.

Broad incumbents

  • Cushman & Wakefield India: Global real estate services firm with established India operations covering commercial brokerage, valuation, and advisory. Comparable on the same commercial sale and lease mandate pool that the subject firm addresses.
  • Knight Frank India: International real estate consultancy active in India's commercial property markets, including brokerage of office, retail and industrial space. Directly comparable as a competing commercial property broker serving similar landlords and tenants in Ahmedabad and beyond.
  • JLL India: India arm of a global commercial real estate services firm offering brokerage, advisory, and property management across major Indian cities including Ahmedabad. Directly comparable because it competes for the same commercial sale/lease mandates the subject firm pursues.
  • CBRE South Asia: Global real estate services firm with significant operations across Indian commercial markets. Comparable as a competing commercial brokerage and advisory provider targeting the same buy/sell/lease mandates in Indian office, retail, and industrial segments.
  • Colliers India: Global commercial real estate services provider with India operations spanning brokerage and advisory for office, retail, industrial and land assets. Directly comparable as a competitor for commercial property transactions across Indian cities.

Market position

Strengths3 records

Weaknesses3 records

Competitive moat4 records

Key risks5 records

Key highlights5 records

Customer concentration

Gift City Gujarat financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Gift City Gujarat leadership team

Management profile

Number of profiles

Gift City Gujarat funding detail

Funding detail

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

Gift City Gujarat M&A and investment

M&A and investment

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Gift City Gujarat

What does Gift City Gujarat do?

Gujarat Property (operating under the name Gift City Gujarat) is a commercial real estate agent based in Ahmedabad, India. The firm provides brokerage services for buying, selling, renting, and leasing commercial properties in the Ahmedabad market.

Is Gift City Gujarat a public or private company?

Gift City Gujarat is a private company. It is classified as unknown and is currently operating.

When was Gift City Gujarat founded?

Gift City Gujarat was founded in 2016.

Where is Gift City Gujarat based?

Gift City Gujarat is headquartered in Ahmedabad, India, in the Asia region.

How does Gift City Gujarat make money?

One revenue line is on record: online Betting and Gambling Services.

Who are Gift City Gujarat's main competitors?

Emerging players on record are NoBroker, MagicBricks, 99acres, Housing.com and PropTiger. Broad incumbents are Cushman & Wakefield India, Knight Frank India, JLL India, CBRE South Asia and Colliers India.

Does Gift City Gujarat have an API?

No public API is recorded for Gift City Gujarat.

What industry is Gift City Gujarat in?

Gift City Gujarat's product category is Commercial Real Estate Brokerage. Its primary akta.pro industry code is BPAJABAJ, Tenant Representation & Corporate Services Brokerage. Its NAICS code is 53121 and its SIC code is 6531.

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Live signals
Gadgets 360"Not Hope To Be, We Will": GIFT City CEO To NDTV On Becoming A Global Financial HubGIFT City CEO Sanjay Kaul reported that registrations at the International Financial Services Centre have surged from approximately 100 to nearly 1,250 in recent years, with around 45 new entities joining monthly. The hub is expanding its capabilities into aircraft leasing and international bonds while simultaneously developing lifestyle infrastructure to attract global talent. Kaul positioned GIFT City as a critical gateway for global companies engaging with India's economic growth, asserting its future status as a major global financial centre.The HinduTelangana looks to GIFT City to fund Hyderabad Metro buyout after IRFC setbackThe Telangana government is exploring funding options through GIFT City to acquire the Hyderabad Metro Rail from L&T after an IRFC loan proposal was halted. SBI Capital Markets has been tasked with identifying alternative financing partners, potentially leveraging foreign currency loans available in GIFT City to bypass restrictions on refinancing existing assets. This development occurs as the state seeks to form a joint venture with the Centre for metro expansion and proceed with Phase II preparations.The Times of IndiaThe enclave and its limitsThe article analyzes the evolution of India's International Financial Services Centres Authority (IFSCA) at GIFT City, noting a strategic shift from expansionary regulations to stricter supervisory frameworks and market-abuse codes in 2025 and 2026. While financial metrics show significant growth in banking assets and registrations, the piece highlights structural deficits in regulatory independence, adjudication capabilities, and the fused mandate of development versus supervision. The author argues that for the enclave to gain global trust, it must address these institutional gaps beyond mere tax incentives.BusinessLineGIFT City on menu as NRAI pitches Gujarat to restaurant brandsThe National Restaurant Association of India (NRAI) is promoting GIFT City in Ahmedabad as a key destination for restaurant brands during its upcoming Food Delivery Summit. NRAI President Sagar Daryani projects that 25-30 restaurateurs may open outlets in the financial hub within five years, driven by favorable tax regimes and evolving consumer preferences in Gujarat. The initiative includes dedicated sessions and meetings with real-estate developers to facilitate market entry for both domestic and international brands.CNBCInside India newsletter: Why global funds are flocking to GIFT City in Modi’s home stateGlobal asset managers including Standard Chartered and BlackRock are establishing operations in India's GIFT City to tap into demand for international investment products, facilitated by recent regulatory relaxations and tax incentives. This shift allows investors to bypass strict domestic capital controls on outbound investments, positioning the Gujarat-based financial hub as a gateway for cross-border wealth management.Business News TodayUAE emerges as key FCNR-B mobilisation source; US-UK inflows yet to pick upUAE has emerged as the dominant source for FCNR-B deposits, accounting for nearly half of the $60.55 billion mobilised under the RBI's special window, with inflows from the US and UK remaining subdued. Indian banks are leveraging GIFT City's IFSC platform to attract NRI deposits, making it a key channel for foreign currency mobilisation. The sharp rise in FCNR-B deposits represents a significant shift in NRI fund flows toward India's banking system.The Times of IndiaGlobal investing: Should you invest 15% or 50% abroad? Here's what experts say - The Economic TimesThe article discusses the evolving landscape of global investing for Indian investors, emphasizing the increased accessibility through mutual funds, GIFT City, and the LRS scheme. It recommends a diversified approach with a typical allocation of 20-25%, and cautions against theme-chasing investments, suggesting passive funds as a prudent option.Fortune IndiaGIFT City partners with Vietnam's Da Nang financial centre to share expertise in building global financial hubsGIFT City, India's International Financial Services Centre, signed a memorandum of understanding with Vietnam's Da Nang International Financial Center (VIFC-DN) to share expertise and best practices in developing global financial hubs. The partnership focuses on financial services, fintech, digital innovation, capacity building, and cross-border investment between the two nations. This collaboration aims to leverage GIFT City's experience as India's only IFSC to support Vietnam's emerging financial center while strengthening bilateral business linkages.The Times of IndiaGIFT City allows non-resident visitors to consume liquorThe Gujarat government issued a notification easing prohibition norms at GIFT City, allowing non-resident visitors and employees to consume liquor with simplified permit processes. This regulatory shift aims to enhance the financial district's competitiveness for global professionals and support its goal of attracting 100,000 employees by 2030.Business TodayPowering Up: Under Parminder Chopra’s able leadership, PFC has grown and grownPower Finance Corporation (PFC) reported a total income of over Rs 1.06 lakh crore and a net profit of Rs 30,514 crore for FY25 under the leadership of Chairman and Managing Director Parminder Chopra. The company has diversified into non-power infrastructure such as green hydrogen and bioethanol, establishing itself as India's largest renewable financier with an Rs 84,000 crore portfolio. PFC also achieved its lowest net NPA in over a decade at 0.3% and became the first government-owned NBFC to set up a foreign subsidiary in GIFT City.