Ganesh Housing's Million Minds Tech City Redefining Gujarat's Commercial Real Estate
As India’s commercial real estate landscape expands beyond traditional metros, Ahmedabad is rapidly emerging as the country’s next major commercial hub, largely due to the groundbreaking project, Million Minds Tech City by Ganesh Housing Corporation Ltd.
Commercial Real EstateAhmedabadGanesh HousingMillion Minds Tech CityGujaratReal EstateSep 23, 2025
According to a Ganesh Housing-led crowdsourced report, Ahmedabad has emerged as the country’s most compelling new business destination, experiencing an unprecedented 64% year-on-year increase in commercial transactions. Ganesh Housing stands poised to lead Gujarat's bold new chapter in India’s commercial property market, which is set to deliver over 40 million square feet of new supply over the next five years.
Gujarat’s forward-thinking policies, such as the IT/ITeS Policy and GCC Policy 2025–30, are fast-tracking commercial real estate growth. These policies offer projects like Million Minds Tech City incentives of up to ₹200 crore, tax benefits, green building FSI advantages, and speedy clearances in priority zones like GIFT City and Dholera. Projects aligned with these policies benefit from:
- Capital incentives up to ₹200 crore
- Tax sops and interest subsidies
- Green FSI advantages
- Fast-track approvals in special zones like GIFT City and Dholera
- Capital support of 30% for IT infrastructure for GCCs
- Dedicated GCC zones/clusters with plug-and-play infrastructure and fast-track approvals
With IT-BPM driving 68% of leasing activity in Q1 2025 and over 72% of new developments under 2.46 lakh square feet, the market is experiencing a clear gap, fuelling demand for larger, integrated Grade A+ campuses that can meet the needs of modern enterprises. The findings from this report indicate a structural realignment in Gujarat’s commercial real estate ecosystem, where new-generation CBDs are no longer limited to traditional core areas but are now taking shape in strategically positioned, policy-aligned corridors. Million Minds Tech City is at the forefront of this shift.
Mr. Viren Mehta, President of Sales at Ganesh Housing Corporation Ltd., stated, “The commercial property market has evolved decisively. Companies today are cautious to pay premium rents for average facilities simply because they're in mega-metros. What we have built at Million Minds Tech City proves you can deliver international standards at sensible prices. Our tenants enjoy Grade A facilities with significant cost advantages compared to corporate hubs in Mumbai and Delhi — a shift that’s completely transformed the narrative. With progressive state policies, infrastructure primed for scale, and a developer ecosystem built for speed and quality, we believe Million Minds Tech City is poised to become the nucleus of Gujarat’s commercial evolution.”
Among the most prominent emerging zones is Vaishnodevi Circle, located along SG Highway. Once considered peripheral, this micro-market is now commanding attention from leading IT firms, Global Capability Centers, and large-format occupiers. This is a direct outcome of its infrastructure readiness, policy support, and improved connectivity.
The success of Million Minds Tech City, alongside the transparent regulatory framework of RERA (which has seen 796 commercial and 1,969 mixed-use project registrations in Ahmedabad as of March 2025), demonstrates Ahmedabad's solidified position as Gujarat’s commercial capital. Emerging micro-markets like Vaishnodevi Circle are also becoming next-gen CBDs, further diversifying the city's commercial landscape.
About Ganesh Housing Corporation Limited:
Ganesh Housing Corporation Limited, headquartered in Ahmedabad, Gujarat, stands as a pioneering force in India's real estate sector with over six decades of excellence. The company made history as one of the first real estate developers to be listed on both the NSE and BSE, demonstrating its commitment to transparency and financial governance. The company has demonstrated remarkable growth, having completed over 22 million square feet of development while maintaining an impressive 35 million square feet of ongoing projects. Their diverse portfolio encompasses Grade A+ commercial spaces, luxury residential properties, villas, industrial hubs, and data centers. Their commitment to quality is validated by their ISO 9001:2015 certification. Ganesh Housing’s diverse portfolio also features signature developments such as Ganesh Genesis and Maple Tree Garden Homes, reflecting the company’s commitment to quality, comfort, and value. Beyond real estate, Ganesh Housing is committed to social responsibility through initiatives in education, healthcare, and environmental sustainability, ensuring a positive community impact alongside business growth.
About Million Minds Tech City:
Ganesh Housing’s flagship project, Million Minds Tech City, represents their most ambitious venture to date. Located at Vaishnodevi Circle in Ahmedabad's Central Business District, this 65-acre integrated township offers 18 million square feet of premier development. Designed by globally acclaimed RSP Architects and managed by international infrastructure leader Tishman Speyer, the project exemplifies modern urban planning. The development allocates 80% to high-end Grade A commercial spaces and 20% to luxury residential offerings, creating a dynamic walk-to-work ecosystem. The project features IT parks, luxury residences, a premium hotel, retail spaces, and over 1.2 million square feet of world-class amenities, including innovative features like floating gardens. The project’s IGBC Platinum certification underscores the company's commitment to sustainable development.
Frequently Asked Questions
What is Million Minds Tech City?
Million Minds Tech City is a flagship project by Ganesh Housing Corporation Ltd. located in Ahmedabad, Gujarat. It is a 65-acre integrated township offering 18 million square feet of premier development, including high-end Grade A commercial spaces and luxury residential offerings.
What are the key benefits of Gujarat's IT/ITeS Policy and GCC Policy 2025–30?
These policies offer projects like Million Minds Tech City incentives of up to ₹200 crore, tax benefits, green building FSI advantages, and fast-track approvals in special zones like GIFT City and Dholera.
How has Ahmedabad emerged as a new business destination?
Ahmedabad has experienced a 64% year-on-year increase in commercial transactions and is becoming a compelling new business destination due to its forward-thinking policies, infrastructure readiness, and improved connectivity.
What is the significance of Vaishnodevi Circle?
Vaishnodevi Circle, located along SG Highway, is an emerging micro-market in Ahmedabad that is now commanding attention from leading IT firms, Global Capability Centers, and large-format occupiers due to its infrastructure readiness and policy support.
What is Ganesh Housing Corporation Ltd. known for?
Ganesh Housing Corporation Ltd. is a pioneering force in India's real estate sector with over six decades of excellence. Known for its commitment to transparency, financial governance, and social responsibility, it has completed over 22 million square feet of development and maintains an impressive 35 million square feet of ongoing projects.
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