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Ganesh Housing Corporation has launched Million Minds Tech City, an IT Special Economic Zone (SEZ) project in Ahmedabad, nearly 18 years after the original land allotment process began. The proposed development is aimed at attracting Global Capability Centres (GCCs), technology companies and innovation-led businesses to Gujarat. Planned as a large integrated commercial hub, the project is expected to strengthen Ahmedabad’s position in India’s office leasing market as cities beyond Bengaluru and Hyderabad increasingly compete for technology and back-office investments from multinational occupiers.
Ganesh Housing Corporation has formally launched its long-pending IT Special Economic Zone (SEZ) project in Ahmedabad, marking the beginning of a large-scale commercial development nearly 18 years after the original land allotment process commenced. The project, named Million Minds Tech City, is being positioned as a technology and innovation-led business district intended to attract Global Capability Centres (GCCs), IT firms and multinational occupiers to Gujarat. Advertisement
The development is expected to involve an investment of around INR 150 billion and forms part of Gujarat’s broader push to strengthen its position in India’s commercial office and technology ecosystem. The launch comes amid rising competition among Indian cities seeking to attract GCC investments and expand their institutional-grade office stock.
Located in Ahmedabad, the project is planned as an integrated commercial campus with Grade A office infrastructure, technology workspaces and supporting business amenities. The development is expected to cater to companies looking for large-format office spaces outside traditional commercial markets such as Bengaluru, Hyderabad, Pune and Chennai.
Union Home Minister Amit Shah attended the project-related event earlier this week and stated that Ahmedabad was emerging as an important centre for innovation, entrepreneurship and technology-led investments. Industry stakeholders have increasingly identified Gujarat’s infrastructure development, connectivity and policy support as factors contributing to the state’s commercial real estate expansion.
The launch also marks the revival of a project that had remained under development for nearly two decades amid regulatory processes and changing market conditions. The IT/ITES SEZ adds to Gujarat’s portfolio of technology-focused business districts and reflects increasing efforts to diversify the state’s economic base beyond manufacturing and industrial sectors.
Ahmedabad’s office market has gradually witnessed increased demand from technology companies, engineering firms, consulting businesses and back-office operations in recent years. Developers and policymakers have been attempting to position the city as a competitive commercial destination offering lower operational costs, comparatively affordable real estate and availability of large land parcels for integrated office developments.
The GCC segment has emerged as one of the largest drivers of office leasing activity across India, prompting developers to focus on scalable commercial campuses capable of supporting long-term expansion requirements. Large business parks and integrated office ecosystems are increasingly being viewed as critical infrastructure for attracting multinational occupiers.
Industry observers believe projects such as Million Minds Tech City could contribute to expanding Ahmedabad’s commercial office inventory while improving Gujarat’s visibility in India’s technology and services-led real estate market. The project is expected to be developed in phases over the coming years as the city seeks to strengthen its role in the national office leasing landscape.
Source PTI
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