India, April 16 -- The Monash Technology Precinct has been recognised by the Global Institute for Innovation Districts (GIID) as an example of how effective land planning and zoning activities can enable innovation and foster a thriving, multipurpose ecosystem.

An international not-for-profit organisation dedicated to conducting independent and practice-oriented research, GIID seeks to identify how districts transform into new engines of city and regional economic growth. In its research brief, titled 'Innovation Districts and the Centrality of Land', GIID surveys a number of global innovation districts that subvert traditional twentieth century city models and posits the value of a new compact and sustainable urban environment where val...