Bangalore-based realty major Brigade Group has decided to invest Rs 500 crore in Gujarat International Finance Tec-City (GIFT City) in Gandhinagar district over the next few years. The group has got allotment of 1.1 million sq. ft. of BUA (built-up area) for development of commercial, residential, retail mall and hotel projects in SEZ & non-SEZ areas in GIFT City. The group has sought additional 1.7 million sq. ft. of BUA to be developed at an investment of Rs 600 crore.