Incuspaze, India’s leading flexible workspace solutions provider, has leased 60,000 sq. ft. workspace at Million Minds Tech City, a landmark Grade-A commercial development in the Ahmedabad–GIFT City corridor inaugurated by Union Home Minister Amit Shah on 17 May 2026.

With a capacity of over 1,200 seats, the transaction marks a significant milestone in Incuspaze’s Gujarat expansion strategy and takes the company’s total portfolio in the state to approximately 1.7 lakh sq. ft. The acquisition further strengthens Incuspaze’s presence across high-growth commercial corridors linked to GIFT City, Gandhinagar, and Ahmedabad’s rapidly evolving enterprise ecosystem.

“This acquisition is a strategic positioning in one of India’s most future-ready business corridors,” said Sanjay Chatrath, Co-founder & Managing Partner, Incuspaze. “The Ahmedabad–GIFT City belt is witnessing strong momentum led by GCC expansion, BFSI growth, fintech investments, and large-scale infrastructure development. Enterprises today are increasingly seeking scalable, managed, and tech-enabled office environments in emerging economic centres, and Million Minds Tech City aligns perfectly with these evolving requirements.”

Incuspaze Million Minds Tech City is strategically located on the Ahmedabad-Gandhinagar growth corridor near Nirma University, the development offers seamless connectivity to GIFT City, SG Highway, Gandhinagar, the airport, and upcoming metro infrastructure. The building its ESG compliant and LEED certified. The project has been designed as an integrated enterprise destination with premium managed workspaces, collaborative recreational zones, conference and training facilities, EV-enabled parking, and business-grade infrastructure tailored for GCCs, multinational corporations, BFSI firms, consulting companies, and technology occupiers.

The expansion comes at a time when Ahmedabad’s commercial real estate market is witnessing accelerated growth. Industry reports indicate that Ahmedabad recorded nearly 2 million sq. ft. of office leasing activity in 2025, while GIFT City is expected to account for nearly 35% of the city’s upcoming Grade-A office supply by 2027. The Ahmedabad-Gandhinagar-GIFT City corridor is also rapidly emerging as a preferred destination for Global Capability Centres (GCCs), supported by Gujarat’s GCC Policy 2025–30, which aims to attract more than 250 GCCs to the state.

GIFT City’s emergence as India’s first operational International Financial Services Centre (IFSC) has further accelerated demand from global and domestic firms across banking, fintech, aviation leasing, legal services, and technology sectors. Simultaneously, Ahmedabad’s office market is increasingly becoming landlord-favourable, driven by sustained demand from BFSI and IT occupiers alongside rising Grade-A office rentals.

Through this expansion, Incuspaze continues to reinforce its enterprise-led growth strategy while strengthening its position in emerging high-growth commercial markets across India.