Dev Accelerator Limited has signed a significant deal for a 27-storey commercial office tower in Ahmedabad, valued at over Rs 850 crore, marking India’s largest managed office transaction. The 8 lakh sq ft project, located in the Ambli-Bopal micro-market, aims for annual revenue of INR 120 Crores after completion and will feature a Grade A+ Green building. With an investment of INR 100 Crores over the next four years, it will add 8,500 commercial seats, addressing the demands of GCCs amid Ahmedabad’s growth. Unlike traditional leases, this development utilizes a Development Management model, with DevX managing the entire process in partnership with landowners for 15 years.
Workspace Solutions Provider DevX
This follows their success in the same micro-market, where they previously established a 3.15 lakh sq. ft. managed office campus with 95% occupancy India’s commercial real estate sector continues to witness rapid transformation as workspace solutions provider DevX announces the signing of the country’s largest development management deal covering 8 lakh square feet in Ahmedabad. This landmark agreement represents a major milestone not only for the company but also for India’s rapidly evolving infrastructure and commercial property ecosystem. The deal highlights the increasing demand for flexible office environments, enterprise workspace solutions, and integrated.
Development management services that cater to modern business needs. With urban centers expanding and companies seeking scalable workspaces, this project reflects a strong shift toward professionally managed commercial infrastructure that supports long-term business growth and operational efficiency The development management agreement positions Ahmedabad as a growing economic powerhouse in western India. The city has steadily emerged as a preferred destination for businesses due to its strong infrastructure, investor-friendly policies, and expanding industrial base. With this large-scale project, the city’s commercial landscape is expected.
India’s Ambition To Strengthen
To undergo significant transformation, providing high-quality office environments and modern workspace solutions for companies across sectors. The project aligns with broader national infrastructure goals and supports India’s ambition to strengthen its urban ecosystem through innovative and sustainable real estate development Development management in the real estate sector involves end-to-end execution of large-scale projects, including planning, design coordination, construction management, and operational optimization. This model allows investors and property owners to benefit from professional expertise while ensuring efficient project.
Delivery and quality infrastructure development. The growing adoption of development management services in India reflects increasing market maturity, where stakeholders seek specialized solutions to manage complex commercial projects. This approach helps reduce project risks, improve asset value, and deliver world-class workspace environments tailored to evolving corporate requirements The agreement signed by DevX also highlights the rising demand for flexible and managed workspaces in India’s commercial property market. As businesses adapt to hybrid work models and dynamic operational structures, the need for flexible office infrastructure continues to grow.
Managed workspace solutions provide organizations with scalable office environments, advanced technology infrastructure, and professional facility management services, enabling companies to focus on core operations while optimizing real estate costs. This trend has significantly influenced commercial property development strategies, encouraging developers to integrate flexible workspace concepts into large-scale projects Ahmedabad’s selection as the location for this landmark project further demonstrates the city’s increasing prominence in India’s business landscape. The city has witnessed rapid growth in industrial development, startup activity, and corporate expansion in recent years.
Attract Multinational Companies
Its strategic location, robust connectivity, and supportive government initiatives have made it an attractive destination for real estate investments. The new project is expected to enhance the city’s commercial infrastructure, attract multinational companies, and strengthen its position as a key economic hub in Gujarat. Additionally, the development will contribute to employment generation, local business growth, and improved urban infrastructure The project also reflects broader trends shaping India’s real estate sector, including digital transformation, sustainability, and smart building technologies. Modern commercial developments increasingly.
incorporate energy-efficient systems, advanced security infrastructure, and digital workplace solutions that enhance operational efficiency and environmental performance. These innovations not only improve workspace quality but also align with global sustainability standards and corporate responsibility objectives. The integration of such features in large-scale development projects ensures long-term asset value and supports environmentally responsible urban growth.
From an investment perspective, the deal demonstrates strong confidence in India’s commercial real estate market. The sector continues to attract both domestic and international investors due to its growth potential, expanding urban population, and increasing demand for high-quality infrastructure. Large development management agreements signal market stability and encourage further investments in commercial property development. As India continues to strengthen its economic fundamentals, infrastructure projects of this scale play a crucial role in supporting business expansion and economic growth.
The rise of development management services also reflects a shift in how commercial real estate projects are executed in India. Traditionally, developers handled all aspects of project execution independently, but the increasing complexity of large-scale (India) developments has created demand for specialized expertise. Professional development management firms provide strategic planning, cost control, risk management, and operational efficiency, ensuring successful project delivery within defined timelines and budgets. This approach enhances transparency, accountability, and overall project performance, making it an attractive model for investors and stakeholders.
Modern Commercial Developments Emphasize
Another important aspect of this project is its contribution to India’s evolving workspace culture. As organizations increasingly prioritize employee experience, productivity, and collaboration, the design and functionality of office spaces have become critical considerations. Modern commercial developments emphasize open layouts, collaborative environments, and technology-enabled workspaces that support innovation and business growth. By delivering high-quality managed workspaces, the project is expected to meet the evolving needs of enterprises, startups, and emerging businesses seeking modern office solutions.
The agreement also strengthens India’s position in the global commercial real estate market. With increasing foreign investments and rapid urbanization, the country has become a key destination for large-scale infrastructure projects. Development management deals of this magnitude demonstrate India’s capability to execute complex real estate projects and deliver world-class infrastructure. This not only enhances investor confidence but also contributes to the country’s long-term economic development strategy.
Furthermore, the project supports the expansion of India’s flexible workspace industry, which has experienced significant growth in recent years. The rise of startups, digital businesses, and technology-driven enterprises has increased demand for agile workspace solutions that offer flexibility and scalability. Managed workspace providers play a crucial role in meeting this demand by offering fully equipped office environments with flexible leasing options. The development of large-scale managed workspaces helps address the evolving requirements of modern businesses while supporting innovation and entrepreneurship.
In addition to economic benefits, the project is expected to contribute to urban development and infrastructure modernization. Large commercial developments often drive improvements in transportation, connectivity, and public infrastructure, enhancing overall urban livability. By attracting businesses and investments, such projects stimulate local economic activity and create new opportunities for growth across various sectors. The development’s impact will extend beyond the real estate sector, influencing regional economic development and urban transformation.
Overall, the signing of India’s largest development management deal by DevX marks a significant milestone in the country’s commercial real estate landscape. The project reflects growing demand for professional development management services, flexible workspace (India) solutions, and modern commercial infrastructure. It highlights Ahmedabad’s emergence as a major business destination and demonstrates strong investor confidence in India’s real estate sector. As the country continues to experience rapid urbanization and economic expansion, large-scale infrastructure initiatives such as this will play a crucial role in shaping the future of India’s commercial property market and supporting sustainable urban growth.
Q1. What is DevX’s latest deal about?
DevX has signed India’s largest development management agreement for 8 lakh sq. ft. commercial space in Ahmedabad.
Q2. Why is this deal significant?
It is the biggest development management deal in India, showing rapid growth in flexible workspace and commercial real estate demand.
Q3. What is development management in real estate?
It involves planning, designing, executing, and managing large-scale real estate projects for clients or investors.
Q4. How will the project impact Ahmedabad?
It will boost business infrastructure, create jobs, and strengthen Ahmedabad’s position as a commercial hub.
Q5. Which sector benefits most from this deal?
Corporate offices, startups, IT companies, and enterprise workspace solutions will benefit the most.
