The service will come directly to homes, unlike in most cases where the fibre reaches only until the building.
Reliance's telecoms rival Bharti Airtel now provides broadband to Indian homes as does Tata Docomo and the state-owned BSNL among others.
Mukesh Ambani-owned Reliance Jio has narrowed down subscriber lead with India's third-largest telco Idea Cellular, with 215 million consumers. It allows existing feature phone users to exchange their current phone for the JioPhone for ₹501 ($7). It supports voice command feature on TV.
"While India has pole-vaulted into global leadership in the mobile broadband space we still lag behind significantly in fixed-line broadband".
The fixed-line broadband will offer "ultra-high-definition entertainment on large screen TVs, multi-party video conferencing from your living room, voice-activated virtual assistants, virtual reality gaming, digital shopping, immersive experiences", said Ambani, India's richest man.
Reliance a year ago launched the JioPhone, which allowed digital payments and was effectively free: buyers could get a device for a refundable fee of 1,500 rupees.
The company plans to launch a bunch of new accessories, such as gas leak sensor, siren, CCTVs, and smoke sensor that leverage Jio's broadband services.
Reliance shares have surged almost 83 percent since September 1, 2016, the day its telecom service was launched.
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Jio announced that it will be extending its wired broadband service to homes, merchants, small and medium enterprises and large enterprises.
Along with Jio GigaFiber, Reliance also announced the GigaTV set-top-box, which will offer internet-based digital content services to consumers.
Reliance Jio is nothing but a digital revolution in India as far as cheap mobile phone and low-priced high-speed internet connectivity is concerned. Additionally, you can also call any smartphone or tablet connected to any network.
The JioGigaFiber, as the name suggests, will have Gigabit internet at 1 gigabit per second speed.
He also revealed some statistics on Jio network. JioPhone 2 registration starts this independence day (August 15).
In addition to these announcements, Reliance Jio also announced a new smart home solution that includes Jio GigaTV, security cameras, home appliances and more. The company said that on August 15th, users will be able to register interest for JioGigaFiber.