- India’s largest Development Management office deal signals Ahmedabad’s rise as a preferred destination for global capability centres
- Grade A+ green campus in Ambli-Bopal to add 8,500 seats and unlock ₹120 crore annual revenue potential
- ₹100-crore investment to transform prime micro-market into self-sustaining enterprise ecosystem
- Innovative DM model empowers landowners while delivering institutional-grade infrastructure to global occupiers
NE INFRASTRUCTURE BUREAU
Ahmedabad, FEB 14
In a landmark move set to reshape Ahmedabad’s commercial real estate landscape, Dev Accelerator Limited (DevX), one of India’s leading enterprise-focused managed office space providers, has signed the country’s largest Development Management (DM) deal, covering a massive 8 lakh square feet. The strategic project is expected to generate ₹120 crore in annual revenue upon completion, reinforcing Ahmedabad’s growing stature as a global hub for enterprises and Global Capability Centres (GCCs).
Located in the fast-emerging Ambli-Bopal micro-market, the project will be developed as a Grade A+ green campus designed to meet international standards. With an investment of ₹100 crore planned over the next four years, the expansion will add 8,500 premium seats, significantly strengthening the city’s capacity to attract multinational corporations and high-growth enterprises amid Ahmedabad’s infrastructure boom and global positioning.
Unlike conventional leasing arrangements, the project will be executed under DevX’s pioneering Development Management model, which enables non-institutional landowners to unlock the full potential of their real estate assets. Under this structure, DevX will oversee the entire lifecycle—from planning and development to leasing and operations—creating world-class, institutional-grade office environments aligned with global occupier expectations.
Highlighting the strategic importance of the milestone, Umesh Uttamchandani, Managing Director, Dev Accelerator Limited, said, “This milestone reflects the shifting centre of gravity in India’s commercial real estate landscape towards high-growth Tier II cities. Through our Development Management model, we are enabling non-institutional landowners to create world-class, Grade A+ assets that global occupiers increasingly seek. As Ahmedabad prepares for large-scale global events and GCCs explore alternatives to saturated metro markets, this campus is positioned to play a defining role in the city’s economic trajectory.”
The record-setting deal builds on DevX’s strong presence in the Ambli-Bopal corridor, where it previously delivered a successful 3.15 lakh sq. ft. managed office campus. That project added 3,200 seats, generates ₹36 crore in revenue, and has already achieved an impressive 95% occupancy rate, housing marquee clients such as Suzlon, Walter P Moore, Tatvic Digital Analytics, Openxcell, and Manubhai & Shah LLP.
By consolidating such a vast office inventory within a single prime location, DevX is creating a next-generation enterprise ecosystem capable of rivaling Tier-I metro business districts. The expansion also reflects the company’s long-term strategy of aggregating fragmented land parcels into high-value institutional assets through its Development Management approach—delivering value to landowners, enabling enterprise growth, and accelerating Ahmedabad’s transformation into a global commercial powerhouse.
