The government’s move to extend the tax holiday for units in GIFT City to 20 years is expected to significantly boost demand for office space, accelerate commercial real estate development and improve long-term leasing visibility at India’s only International Financial Services Centre (IFSC). By doubling the tax deduction period for IFSC units and offshore banking units (OBUs), the government has provided long-term fiscal certainty, supporting larger office commitments, campus-style developments, and sustained absorption of Grade A commercial space.