DevX to Add 97,075 Sq. Ft. of Managed Workspace Capacity Across Ahmedabad and Kochi
Ahmedabad, November 13, 2026: Dev Accelerators Limited (DevX) has entered into lease deeds to add 97,075 sq. ft. of managed workspace capacity across Ahmedabad and Kochi with a planned investment of up to approximately Rs 6 crore, according to a company press release. The expansion builds on the firm’s existing operational portfolio of 1.16 million sq. ft., which recorded a capacity utilisation of 91 percent as of September 30, 2026, and will be financed through a combination of internal accruals and debt.
The capacity addition will be executed in two phases to support enterprise demand. In the first phase, DevX will add 84,000 sq. ft. in Ahmedabad within November 2026, including a new centre at M-ONE in Million Minds Tech City, backed by an investment of up to Rs 3 crore. Located along the Ahmedabad–Gandhinagar–GIFT City corridor, the development targets information technology (IT), IT-enabled services (ITeS), and Global Capability Centre (GCC) occupiers, supported by Gujarat’s state policies for the sector. In the second phase, the company plans to add 13,075 sq. ft. in Kochi by February or March 2027 with a similar investment of up to Rs 3 crore.
At the upcoming Ahmedabad facility, DevX will provide customised workspaces backed by its integrated design, technology, and facility management services. The company currently operates 28 centres across multiple Indian cities with more than 17,000 seats under management, catering to enterprises, startups, and global corporations.
Commenting on the expansion plan, Umesh Uttamchandani, Managing Director, Dev Accelerator Limited, said, “This expansion marks another step in scaling DevX’s managed workspace platform. With capacity utilisation at 91% as of September 2026, our focus is on adding capacity that supports business growth and meets the evolving requirements of enterprise customers. The Ahmedabad addition, at Million Minds Tech City, will expand our offering in the near term, followed by Kochi in the coming months. With Gujarat’s IT/ITeS and GCC policies encouraging technology operations in the State, we see Million Minds Tech City as a strong address for enterprises looking to establish or scale up in Ahmedabad.”
He further added, “Our approach goes beyond adding space. We aim to provide enterprises with customised work environments supported by our integrated design, build and operating capabilities. As we expand, we remain focused on delivering a consistent customer experience and building long term enterprise relationships.”
