Ganesh Housing kicks off IT SEZ development in Ahmedabad post 18-year delay.

Ganesh Housing has formally launched the long-delayed development of its IT/ITeS Special Economic Zone (SEZ) project in Ahmedabad, nearly 18 years after acquiring land for the project, betting on rising demand from Global Capability Centres (GCCs) in the post-pandemic era.

The company recently inaugurated the ₹1,100 crore Phase-I of its “IT Park and Integrated Tech City” project in the presence of Union Home Minister Amit Shah and Gujarat Chief Minister Bhupendra Patel. The first phase, named “Million Minds Tech City,” will comprise 13 lakh square feet of commercial space and marks the beginning of a planned seven-phase, ₹15,000 crore integrated SEZ development.

Ganesh Housing had acquired the 65-acre land parcel in Tragad in 2006 and received SEZ approval in 2008. However, the project remained stalled for nearly two decades due to weak demand in the IT sector and the absence of a mature office market in Ahmedabad.

Speaking on the delay, Managing Director and CEO Shekhar Patel said the company was unable to proceed earlier as the city was not ready for large-scale IT expansion following the global IT downturn.