Dev Accelerator Limited (NSE: DEVX; BSE: 544513), one of India’s leading enterprise-focused managed office space providers, has accelerated its national expansion through a first-of-its-kind Landowner-First Development Management (DM) model. This innovative framework has enabled the company to scale rapidly, unlocking 8.6 lakh sq. ft. of premium workspace across 28 centers and generating INR 1,780 million in FY25 revenue.
Unlike traditional Joint Development Agreements (JDAs), the DevX DM model allows landowners to retain 100% ownership and control of their assets, while delivering 20–30% higher returns through savings on stamp duty and additional income streams. This approach has fueled DevX’s expansion into Mumbai, Hyderabad, and Tier II hubs such as Ahmedabad, Jaipur, Udaipur, Indore, and Surat.
Clients including Zomato, Manubhai & Shah, Wipfli, Paperchase & Co., and Persistent Systems have already taken up spaces with DevX across multiple cities.
Mr. Umesh Uttamchandani, Managing Director, Dev Accelerator Limited, said:
“Our Development Management model bridges the gap between non-institutional landowners and the demand for institutional-grade office assets. By aligning interests through a success-linked fee structure and digital visibility, we deliver premium, ready-to-move workspaces while enabling landowners to unlock full value without diluting ownership.”
The DM model addresses challenges of capital availability and regulatory compliance by leveraging DevX’s institutional-grade processes and funding networks. With in-house expertise spanning design (Phi Designs), project management, and leasing, DevX ensures projects are completed within 75–90 days, offering enterprise clients fully furnished, high-quality offices.
As India’s real estate sector matures, demand for professional development management is rising. DevX has already secured 7.2 lakh sq. ft. in signed agreements, positioning itself as a leader in building vibrant, sustainable communities and long-term value-driven assets.
.jpg)
