Ganesh Housing

What Ganesh Housing does

Ganesh Housing Limited is an Ahmedabad-headquartered, publicly traded real estate developer (BSE: 526367) operating since 1971 with a market capitalization of Rs 5,535 crore as of May 2026. The company develops residential, commercial, and integrated tech city properties primarily in Gujarat, India, with a delivered portfolio of 22+ million sq ft across 24+ landmark projects serving 35,000+ customers, plus a 35 million sq ft upcoming development pipeline. Its core products include luxury residential projects under the Malabar and Maple series (Malabar Retreat, Malabar Exotica, Malabar County III, Maple Tree Garden Homes), Grade A commercial spaces (Maple Trade Centre, Magnet Corporate Park), and the flagship Million Minds Tech City — a 65-acre integrated IT/ITeS SEZ with 18+ million sq ft planned across seven phases, of which Phase-I (Rs 1,100 crore, 13.5 lakh sq ft) launched in May 2026 with pre-leases to IBM, TCS, Searce, Valtech, and Withum. Underlying technology spans IGBC Platinum-rated green infrastructure, IoT-enabled building management systems, precast construction technology, and smart home automation, supported by a partnership with TishmanSpeyer as project development manager.

The business model operates on three revenue streams: one-time residential and commercial property sales (primary), commercial leasing of office and IT/SEZ spaces (recurring, growing via Million Minds Tech City), and a nascent education vertical through GREMI — an AICTE-approved real estate management institute inaugurated in June 2026 with Rs 500 crore committed investment. Customers split between enterprise IT/ITeS and GCC tenants (engaged via direct field sales at Million Minds Tech City) and affluent residential / mid-market commercial buyers (engaged via direct retail sales, property exhibitions such as GIHED Property Show 2025, and the company's own website). Near-term financials show significant volatility — Q3 FY2025 sales declined 64.48% YoY to Rs 91.30 crore with consolidated net profit down 66.59% to Rs 53.74 crore — consistent with project-delivery lumpiness, while the multi-year Rs 15,000 crore capital program targets Rs 600 crore in recurring annual revenue once all phases of Million Minds Tech City are operational.

Name

Ganesh Housing

Legal name

Ganesh Housing Limited

Website

https://ganeshhousing.com

Company type

Public

Founded year

1971

Operating status

Operating

Headcount range

101–250 employees

Short description

Ganesh Housing Limited is an Ahmedabad-based publicly traded real estate developer (BSE: 526367, founded 1971) that builds residential, commercial, and IT/ITeS SEZ properties in Gujarat, including the flagship 65-acre Million Minds Tech City. It serves enterprise tenants (IBM, TCS, Searce, Valtech, Withum), affluent residential buyers, and SMEs via direct sales and property exhibitions.

Ownership category

akta.pro rank

Product category

Real Estate Development

NAICS

New Housing For-Sale Builders (236117), Land Subdivision (23721), Residential Building Construction (23611)

SIC

Operative Builders (1531), Land Subdividers & Developers (No Cemeteries) (6552), Real Estate (6500)

akta.pro primary industry

Multi-Family Residential Construction (Apartments, Condos, Townhomes) (IMAFABAB)

akta.pro secondary industries

Office & Corporate Building Construction (IMAFACAA), Residential Land Development & Subdivision Homebuilding (Build-to-Sell Communities) (IMAFABAL)

Keywords

• Residential real estate development
• Commercial property development
• IT SEZ development
• Integrated tech city
• Luxury apartment construction

Headquarters

HQ city

Ahmedabad

HQ country

India

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Supply Chain, Infrastructure, Operations, Personnel, Marketing or Sales, Technology or R&D

Revenue model

1. Residential Property Sales: Primary revenue stream from sale of residential apartments (2BHK to 5BHK units) and luxury homes across projects such as Malabar Retreat, Malabar Exotica, Malabar County III, and Maple Tree Garden Homes. Revenue is one-time at point of sale.
2. Commercial Property Sales & Leasing: Revenue from sale and leasing of commercial office spaces including Grade A office buildings, IT parks, and retail spaces. Projects include Maple Trade Centre, Million Minds Tech City IT SEZ, and Magnet Corporate Park. Commercial leasing provides recurring rental income in addition to one-time sales revenue.
3. IT SEZ / Tech City Development Revenue: Million Minds Tech City generates revenue through leasing of IT/ITeS SEZ commercial spaces to multinational companies (IBM, TCS, Searce, Valtech, Withum) and Global Capability Centres. The company expects to earn Rs 600 crore annually after seven years upon completion of all phases.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels5 records

Core offering

Ganesh Housing Limited is a real estate developer that builds, sells, and leases residential apartments (2-5 BHK luxury homes) and commercial office spaces, including Grade A IT parks and an integrated IT/ITeS Special Economic Zone (Million Minds Tech City) in Ahmedabad, Gujarat. The company develops premium residential projects under the Malabar and Maple brands, commercial office projects such as Maple Trade Centre, Magnet Corporate Park, and the flagship 65-acre Million Minds Tech City SEZ targeting multinational IT companies and Global Capability Centres.

Product overview

Ganesh Housing Limited is a leading real estate developer in Ahmedabad, Gujarat, operating since 1971. The company offers a diverse portfolio of residential and commercial properties across multiple price segments. The core product portfolio includes integrated tech city developments (Million Minds Tech City), luxury residential projects (Malabar Retreat, Malabar Exotica, Malabar County III, Maple Tree Garden Homes), and commercial spaces (Maple Trade Centre, Magnet Corporate Park, GCP Business Center). The company has developed and sold over 22 million sq. ft. of real estate and has 35 million sq. ft. of upcoming development. Recent flagship launches include Million Minds Tech City, an 18+ million sq. ft. integrated IT SEZ on 65 acres, and GREMI, India's first AICTE-approved real estate management institute. The product architecture follows a platform-plus-projects model with dedicated brands for different segments (Malabar Series for luxury residential, Maple Series for premium residential and commercial).

Differentiator

Problem solved

Functional benefit

Brands

• Maple Tree: Luxury residential project offering 3 and 4 BHK apartments in Thaltej, Ahmedabad with premium amenities including fitness studio, gym, steam room, mini theatre, and gardens
• Malabar Retreat
• Malabar Exotica
• Million Minds Tech City
• Maple Trade Centre
• GREMI

Products and services

• Million Minds Tech City Ahmedabad's first integrated tech city spanning 65 acres with Grade A offices, co-living, hospitality, retail, and lifestyle amenities. An IT/ITeS Special Economic Zone targeting global IT, tech, and innovation-driven companies with 18+ million sq ft of integrated development including 10+ million sq ft tech park space.
• Malabar Retreat 4 BHK Premium Apartments and 5 BHK Duplexes luxury residences in Ahmedabad located on S.G. Highway, featuring premium amenities and modern living spaces.
• Malabar Exotica 3.5 iBHK Viewtiful Homes featuring breathtaking views of greenscape and lake, built with precast construction technology for early possession. Located behind Nirma University off S.G. Highway with 70% open space.
• Malabar County III 2.5 iBHK Automated Smart Homes located near Nirma University off S.G. Highway featuring home automation and smart home technology with LPV (Location, Planning, and Value) Advantage.
• Maple Tree Garden Homes Spacious 3 and 4 BHK luxurious residential apartments in Thaltej, Ahmedabad near Surdhara Circle. Features include fitness studio, gym, steam and sauna room, mini theatre, kids zone, party lawn, banquet hall, yoga and meditation area, and senior citizen zone.
• Maple Trade Centre Premium commercial office spaces at Surdhara Circle, Thaltej, featuring 3000+ sq. ft. office spaces with exclusive balcony spaces. Located 5 minutes from S.G. Highway with comprehensive business amenities. Available for both purchase and lease.
• Magnet Corporate Park Commercial property project by Ganesh Housing offering office spaces for business operations.
• GCP Business Center Commercial business center project offering office spaces for enterprises.
• GREMI (Ganesh Real Estate Management Institute) Gujarat's first AICTE-approved institution exclusively focused on the real estate sector, supported by Ganesh Housing Limited and Mahamati Skill and Education Foundation. Plans to establish a 100-acre dedicated university campus as India's first world-class academic home for the built-environment sector.

Quantifiable outcome

• Rs 600 crore annual revenue expected after 7 years upon completion of all phases of Million Minds Tech City
• +4 more outcomes

Named customers5 records

Segments5 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Five partnerships are on record, tiered minor and core.

• The Art of LivingminorStrategic or Co-development Partner · 22 June 2026The Art of Living curated the wellness experience at the International Yoga Day 2026 event hosted at Million Minds Tech City, providing yoga, breathwork, meditation, and sound healing sessions. The event drew over 500 leaders from Gujarat's business community and coincided with World Music Day and Father's Day.
• TishmanSpeyercoreImplementation/ SI/ Consulting PartnerTishmanSpeyer serves as the project development manager for Million Minds Tech City, providing global real estate development expertise and project management oversight for the Rs 15,000 crore integrated tech city project in Ahmedabad.
• Gujarat Chamber of Commerce and Industry (GCCI)minorGTM or Marketing PartnerGCCI participated in the International Yoga Day 2026 event at Million Minds Tech City alongside multiple partner business associations, reinforcing the project's positioning as a hub for innovation and community building.
• Mahamati Skill and Education Foundation (MSEF)coreStrategic or Co-development PartnerMSEF operates GREMI (Ganesh Real Estate Management Institute), Gujarat's first AICTE-approved institution exclusively focused on the real estate sector. GREMI was established through a partnership with Ganesh Housing Limited and has inaugurated its City Campus at Million Minds Tech City with an initial investment of Rs 500 crore.
• All India Council for Technical Education (AICTE)coreOthersAICTE granted approval to GREMI (Ganesh Real Estate Management Institute) as a standalone business school for real estate education, making it Gujarat's first AICTE-approved institute exclusively focused on the real estate sector and the first standalone business school for real estate education in India.

Scale indicators11 records

Recent moves8 records

Expansion highlights5 records

Direct peers

• Adani Realty: Real estate arm of the Adani Group with a strong Ahmedabad presence and growing commercial/IT park portfolio. Comparable to Ganesh Housing as a direct geographic and product-line competitor in Gujarat.
• Sobha Limited: Real estate developer with backward-integrated construction and focus on premium residential quality. Comparable to Ganesh Housing in its craftsmanship and quality differentiation, especially around construction technology (precast at Malabar Exotica).
• Oberoi Realty: Premium Mumbai-focused developer known for luxury residential and Grade A commercial projects. Comparable to Ganesh Housing in its luxury residential positioning (Malabar series) and high-end commercial developments (Maple Trade Centre, MMTC).

Broad incumbents

• Macrotech Developers (Lodha): One of India's largest residential developers with a focus on luxury and mid-income housing and integrated townships. Comparable in scale of master-planned communities and premium residential focus.
• Brigade Enterprises: South India-based real estate developer with residential, commercial, and hospitality projects including integrated tech parks. Comparable in its SEZ/commercial IT park model and mixed-use strategy.
• Mahindra Lifespace Developers: Listed real estate developer focused on premium residential and integrated developments under the Mahindra brand. Comparable as a listed Indian developer with similar premium positioning and scale.
• DLF Limited: India's largest real estate developer with a diversified residential, commercial, and SEZ portfolio across multiple cities. Comparable to Ganesh Housing due to its mixed-use development strategy and large-scale master-planned communities.
• Prestige Estates Projects: Bangalore-headquartered developer with a diversified residential, commercial, retail, and hospitality portfolio. Comparable in its integrated township model and mixed-use development approach.
• Godrej Properties: One of India's leading listed real estate developers with a national footprint across residential and commercial. Comparable in scale and brand-driven premium positioning to Ganesh Housing's residential and Grade A commercial offerings.

Emerging players

• Sunteck Realty: Mumbai-based premium and luxury residential developer with select commercial projects. Comparable in its focus on premium/luxury residential and Grade A commercial office space, though smaller in scale.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/ganeshhousing
• Facebookfacebook.com/GaneshHousingCorporation

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Ganesh Housing