| Lipov Gaj | |
| Native Name: | Липов Гај |
| Native Name Lang: | sr |
| Settlement Type: | Suburban settlement |
| Pushpin Map Caption: | Location within Novi Sad |
| Subdivision Type: | Country |
| Subdivision Name: |  Serbia |
| Subdivision Type1: | Province |
| Subdivision Name1: | Vojvodina |
| Subdivision Type2: | District |
| Subdivision Name2: | South Bačka |
| Subdivision Type3: | Municipality |
| Subdivision Name3: | Novi Sad |
| Unit Pref: | Metric |
| Population As Of: | 2011 |
| Population Density Km2: | auto |
| Timezone1: | CET |
| Utc Offset1: | +1 |
| Timezone1 Dst: | CEST |
| Utc Offset1 Dst: | +2 |
| Postal Code Type: | Postal code |
| Area Code Type: | Area code |
| Area Code: | +381(0)21 |
| Blank Name: | Car plates |
| Blank Info: | NS |
Lipov Gaj (Serbian: Липов Гај also known as Zepter City) is a suburban settlement of the city of Novi Sad, Serbia.
Lipov Gaj is located between Novi Sad and Veternik. Although officially regarded as part of Veternik, Lipov Gaj has certain characteristics of a distinct settlement.
Lipov Gaj is surrounded by a security fence and there is a security guard at the entrance into the settlement. In the past it was regarded as an elite and upper-class part of the Novi Sad, even though now its houses and apartments are more affordable for middle-class in comparison to the rest of the city.