Reliance Communications has received approvals from Maharashtra and Maharashtra Industrial Development Corporation for its proposed 45-acre special economic zone.
The company had earlier received the Board of Approvals' nod for the SEZ.
Coming up at the Dhirubhai Ambani Knowledge City, the SEZ would cater to the emerging information technology and information technology-enabled services sectors.
The SEZ will host around 30-40 IT and business process outsourcing companies at the SEZ that would be set up on 45 acres (18.6 hectares) at the DAKC.
The 135-acre campus of DAKC houses the Anil Ambani group's national headquarters.
Reliance Communications spokesperson refused to comment on the current status of the SEZ.
Earlier, the group's proposal to set up a multi-product SEZ in Uttar Pradesh was turned down by the state government, stating it was "not feasible".
The SEZ is coming up close to the elder sibling Mukesh Ambani's proposed SEZ at Kharghar, in Navi Mumbai.