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DevX Launches 3.15 Lakh Sq. Ft. Managed Office Campus in Ahmedabad; 95% Pre-Leased
Dev Accelerator Limited (DevX) has launched 'Capital One' in Ahmedabad, which is the largest managed office campus in an Indian Tier II city, spanning 3.15 lakh sq. ft. The facility has achieved a significant 95% occupancy rate prior to its official launch, driven by demand from technology, accounting, and media firms. This expansion brings the company's total managed area to approximately 8.6 lakh sq. ft. across 12 cities. The high pre-leasing rate indicates strong demand and execution capability in emerging business hubs.
Key Highlights
Launched 'Capital One' in Ahmedabad, a 3.15 lakh sq. ft. managed office campus across 19 floors.
Achieved 95% occupancy pre-launch, demonstrating robust demand in Tier II markets.
Company now operates 28 centers across 12 cities with approximately 13,604 seats.
Total area under management has reached approximately 8.6 lakh sq. ft. nationally.
💼 Action for Investors
The 95% pre-leasing occupancy significantly de-risks this expansion and validates the company's growth strategy in Tier II cities. Investors should monitor the scalability of this 'Landowner First' model as a driver for future revenue growth.
DevX Launches India's Largest Tier-II Managed Office Campus with 95% Pre-Launch Occupancy
Dev Accelerator Limited (DevX) has launched 'Capital One' in Ahmedabad, a 3.15 lakh sq. ft. managed office campus, marking it as the largest such facility in a Tier-II city in India. The 19-floor asset has already achieved 95% occupancy prior to its official launch, driven by demand from technology, accounting, and media firms. This project significantly scales the company's existing portfolio of 8.6 lakh sq. ft. and 13,604 seats across 12 cities. The high occupancy rate underscores the strong demand for managed workspaces in emerging business hubs and validates DevX's growth strategy in non-metro markets.
Key Highlights
Launched 3.15 lakh sq. ft. 'Capital One' campus in Ahmedabad, the largest in any Indian Tier-II city.
Achieved 95% occupancy pre-launch, indicating robust demand from global and domestic enterprises.
The facility spans 19 floors and includes premium amenities like a gym, creche, and yoga area.
DevX currently operates 28 centers across 12 cities with a total managed area of ~8.6 lakh sq. ft.
The expansion targets the growing trend of GCCs and high-growth firms moving to emerging business destinations.
💼 Action for Investors
Investors should note the high pre-launch occupancy as a sign of strong execution and market fit in Tier-II cities. Monitor the company's upcoming projects for similar high-utilization trends which could drive significant revenue growth.