Tishman Speyer forms Joint Development in Ahmedabad with Ganesh Housing Corp

Tishman Speyer forms Joint Development in Ahmedabad with Ganesh Housing Corp

Tishman Speyer and Ganesh Housing Partner for IT SEZ Project in Ahmedabad. Global real estate developer Tishman Speyer has Signed Joint Development deal in Ahmedabad for IT SEZ Project on 65 acre land with Ganesh Housing Corporation (GHCL) by the name of million minds tech city to develop a new IT SEZ project in Ahmedabad. Tishman Speyer forms Joint Development in Ahmedabad with Ganesh Housing Corp

Project Details:

• Location: Prime location behind Nirma University, Ahmedabad
• Area: 64 acres earmarked for SEZ development
• Phase 1 Size: 1.2 million sq ft of gross leasable area
• Total Potential Development: 12 million sq ft of processing and non-processing space

Partnership Highlights:

• Collaboration: Tishman Speyer will provide expertise in development, leasing, and property management.
• GHCL’s Role: Leverages local market knowledge and experience.
• Significance: This is the first such alliance for Ahmedabad’s property market and positions the city as a key talent hub.

Quotes:

• Shekhar G. Patel, Managing Director, GHCL: “We are pleased to partner with a global leader to create sustainable and world-class projects.”
• Parvesh Sharma, MD & Country Head – India, Tishman Speyer: “We are delighted to enter Ahmedabad with a strong partner in Ganesh Housing.”
• Saurabh Shatdal, MD-land & capital markets, India, Cushman & Wakefield: “This is a landmark partnership… This development will allow occupiers to cater to the growing migrant population of Ahmedabad.”

About the Developers:

• Tishman Speyer: A global developer with experience in major markets worldwide.
• Ganesh Housing Corporation (GHCL): A leading Ahmedabad-based developer specializing in residential projects.

Project Vision:

• Million Minds Tech City aims to be a vibrant IT hub with state-of-the-art tech parks, residences, co-living spaces, a hotel, and shopping malls.
• This project aspires to make Ahmedabad the “Silicon Valley of Western India.”

This collaboration marks a significant development for Ahmedabad’s real estate sector. The IT SEZ project has the potential to attract major IT companies, create jobs, and position Ahmedabad as a leading IT destination in India.

 

Disclaimer: The information herein is based upon information obtained in good faith from sources believed to be reliable. All such information and opinions can be subject to change. Furthermore, The image featured in this article is for representation purposes only. It does not in any way represent the project. If you wish to remove or edit the article or want to publish your news or article please email news@jvdeals.in