Dev Accelerator (DEVX) has signed a landmark 27-storey commercial office tower spread over 8 lakh sq ft in Ahmedabad in a deal valued at over Rs 850 crore of total rentals, executed under the company’s innovative Development Management (DM) model. This stands as India's single largest managed office transaction of its kind. The deal reinforces the company's dominance in Tier II markets and is projected to generate an annual revenue of Rs 120 crore upon completion.

Strategically located in the high-demand Ambli-Bopal micro-market, the new campus will be developed into a Grade A+ Green building to cater to the surging requirements of GCCs. With an investment of Rs 100 crore slated over the next four years, this massive expansion will add 8,500 seats to the city's commercial ecosystem, capitalizing on the infrastructure boom driven by Ahmedabad's future growth prospects and the upcoming Commonwealth Games. 

Unlike traditional lease models, this project is structured under the Development Management model, where DevX partners with non-institutional landowners to unlock the value of their prime real estate. DevX will manage the entire lifecycle--from planning and development to leasing and operations--delivering institutional-grade assets that meet global standards. The project is currently under construction and is expected to be ready in about 2.5 to 3 years.

Dev Accelerator, along with its subsidiaries and its associate companies, is primarily engaged in the business of providing workspace on rent, integrated facility management income (facility management services) and enterprise workspace designing and building services (construction and fit-out projects).