Devx Accelerates National Expansion Through First-of-its-Kind ‘Landowner First’ Development Management Model

Ahmedabad, January 21, 2026: Dev Accelerator Limited continues to scale and create value through its strategic Development Management (DM) model. This innovative framework has propelled the company’s footprint to over 8.6 lakh square feet of operational space across 28 centers. The company reported INR 1,780 million in revenue for FY 25, a major shift in how commercial real estate assets are developed and monetized in India.

Moving beyond traditional Joint Development Agreements (JDAs) where land titles are often split, the DevX DM model empowers landowners to retain 100 per cent ownership and control of their assets. This approach has been instrumental in the company’s expansion into major metros like Mumbai and Hyderabad, as well as high growth Tier II cities including Ahmedabad, Jaipur, Udaipur, Indore, and Surat. Clients like Zomato, Manubhai & Shah, Wipfli, Paperchase & Co. and Persistent Systems have taken up spaces with DevX across multiple cities.

By stepping in as a strategic partner rather than just a developer, DevX manages the entire project lifecycle end to end. This includes feasibility studies, design, government approvals, construction monitoring and final leasing.

Speaking on the success of the model, Managing Director, Dev Accelerator Limited, Umesh Uttamchandani, said, “At the heart of our strategy is the Development Management model, designed to bridge the gap between non-institutional landowners and the growing demand for institutional-grade office assets. We are witnessing a clear shift in landowners increasingly seeking professional partners who can unlock the full value of their land without diluting ownership. Our model delivers exactly that – offering real-time digital visibility across the development lifecycle and a success-linked fee structure that aligns interests from day one. This collaborative approach allows us to scale rapidly while delivering premium, ready to move workspaces for our enterprise clients.”

The DM model addresses critical market challenges such as capital availability and complex regulatory compliance by leveraging DevX’s institutional grade processes and funding networks. For landowners, this partnership translates into superior financial outcomes, offering 20 to 30 per cent higher overall returns by saving on stamp duty costs and generating additional income streams.

DevX differentiates itself through a ‘supply led’ and ‘demand led’ approach, where 70 per cent of its portfolio caters to large enterprise clients with long term needs. The company’s in house expertise covers every aspect of development. This includes ‘Phi Designs’ for interior solutions and dedicated teams for project management and leasing. This integrated capability ensures that projects are completed within strict timelines, often transforming visions into fully furnished offices within 75 to 90 days.

As India’s real estate sector matures with better consultants and enhanced transparency, the demand for professional development management is rising. DevX is well positioned to lead this transformation, having already secured an additional 7.2 lakh square feet in signed agreements. The company remains committed to building vibrant communities and sustainable assets that generate long term value for all stakeholders.