Archive · 21 Jan 2026
DevX Expands with Landowner-First Development Model
DevX is a company that provides managed office spaces.
They have a special way of working with landowners called the Development Management (DM) model.
This model lets landowners keep full ownership of their land while DevX helps build and manage office spaces on it.
DevX has already built over 8.6 lakh square feet of office space in many cities across India.
They work with big companies like Zomato and Persistent Systems.
The DM model helps landowners make more money and saves them from paying extra taxes.
DevX is planning to build even more office spaces in the future.
DevX has expanded to 8.6 lakh sq. ft. of operational space across 28 centers in India.
The company's Development Management (DM) model allows landowners to retain 100% ownership of their assets.
DevX reported INR 1780 Mn in revenue for FY 25, with clients including Zomato and Persistent Systems.
The DM model offers landowners 20-30% higher returns by saving on stamp duty costs and generating additional income streams.
DevX has secured an additional 7.2 lakh sq. ft. in signed agreements for future development.
- Who
- Dev Accelerator Limited (DevX)
- What
- Expansion through a Development Management (DM) model
- When
- January 21 (announcement date)
- Where
- India (Mumbai, Hyderabad, Ahmedabad, Jaipur, Udaipur, Indore, Surat)
- Why
- To unlock value for landowners and meet demand for institutional-grade office assets
- Company
- Dev Accelerator Limited (DevX)
- Revenue (FY 25)
- INR 1780 Mn
- Operational Space
- 8.6 lakh sq. ft.
- Centers
- 28
- Clients
- Zomato, Manubhai & Shah, Wipfli, Paperchase & Co., Persistent Systems
- Model
- Development Management (DM)
- Landowner Benefit
- 20-30% higher returns, 100% ownership retention
- Future Pipeline
- 7.2 lakh sq. ft. in signed agreements