DevX to Add 97,075 sq. ft. of Managed Workspace Capacity
Ahmedabad, 12 November 2026: Dev Accelerators Limited has entered into lease deeds for an additional 97,075 sq. ft. across Ahmedabad and Kochi. The expansion involves a planned investment of up to approximately Rs. 6 crores. The capacity addition builds on the Company’s existing operational portfolio of 1.16 million sq. ft., with capacity utilisation of 91% as of September 30, 2026. As part of its growth strategy, DevX continues to expand its managed workspace platform to support enterprise requirements and increase its operational capacity. The proposed additions will be undertaken in two phases:
Phase I: Ahmedabad: Addition of 84,000 sq. ft., including a new centre at M-ONE, Million Minds Tech City, within November 2026, with an investment of up to approximately Rs. 3 crores
Phase II: Kochi: Addition of 13,075 sq. ft. by February/March 2027, with an investment of up to approximately Rs. 3 crores
Launched in May 2026, the development is positioned as a destination for IT, ITeS and Global Capability Centre (GCC) occupiers and lies within the Ahmedabad–Gandhinagar–GIFT City corridor.
The Government of Gujarat has introduced the Gujarat IT/ITeS Policy (2022–27) and the Gujarat Global Capability Centre Policy (2025–30), which are intended to encourage IT, ITeS and GCC operations in the State. The Company believes this creates a supportive backdrop for enterprise demand for managed workspace in Ahmedabad.
(Disclaimer: The information provided here is investment advice only. Investing in the markets is subject to risks and please consult your advisor before investing)
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