Dev Accelerator Ltd Highlights India's Rise in Flexible Office Market and Focus on 'Five-Kilometre Work' Model

Dev Accelerator Ltd Highlights India's Rise in Flexible Office Market and Focus on 'Five-Kilometre Work' Model​

Dev Accelerator Limited continues to be a key player in defining the future of work, leveraging its network of spaces as a catalyst for organizational growth. The company recently showcased significant milestones across operational expansion, market influence, and fostering community connections within India's evolving real estate sector.

Industry Leadership and Market Shift​

India has emerged as the largest flexible office market across APAC, with companies increasingly adopting flexible space not merely as a temporary fix but as a core part of their workplace strategy. The trend is supported by data indicating that Cushman & Wakefield estimated India’s flex stock at 79.7 million sq ft in Q2 2025, while Bengaluru was noted for recording the highest flexible office stock among 20 APAC cities in H1 2024.

Simultaneously, attention is turning toward Tier-2 metropolitan areas as viable hubs for corporate expansion. Industry analyses highlighted Jaipur and Ahmedabad as two emerging markets worthy of consideration for companies planning GCC setups, citing their talent pools and infrastructure capabilities. Further reinforcing the digital economy's growth, India’s data centre capacity is projected to expand from approximately 1.2 GW in 2025 to nearly 4 GW by 2030.

Redefining the Workplace: From WFH to Proximity​

Umesh Uttamchandani, Managing Director at Dev Accelerator Limited, provided insight into the evolving workplace debate, emphasizing that the discussion should shift from "work-from-home versus office" to "work-far-away versus work-close-by." Surveys consistently show that while Indian employees desire the office setting, they are rejecting excessively long commutes. According to surveys cited, which also noted a preferred hybrid model for most workers, the rejection is often directed at journeys as extensive as 1520 kms.

In response, the company has been focusing on developing the "five-kilometre office"—a network of centers located near where teams reside—to mitigate commuting pressures.

Operational Milestones and New Client Welcomes​

Dev Accelerator Ltd achieved several operational and market visibility milestones in May 2026. The company’s work was featured by Mint Catalyst, positioning DevX alongside voices shaping the future of work and highlighting how Tier 2 cities are becoming key locations for building top talent teams. Furthermore, a new address at Million Minds Tech City, one of the city's newest IT SEZs, marked another step in their physical expansion.

The business also welcomed four distinct client chapters to DevX this month:

• Ignosis at the DevX Capital One centre.
• Ascertis Credit at DevX GIFT City.
• Educational Initiatives at DevX The First.
• Reflik, who expanded operations at DevX Baroda.

Community Engagement and Events​

The organization hosted several key events reflecting its commitment to community development and professional networking. DevX GIFT City served as a venue for the ICAI Members' Delegation Visit, facilitating discussions on the opportunities within India's international financial hub (IFSC). Additionally, a Health Camp was organized at DevX Jaipur in partnership with CK Birla Hospital, providing on-site screenings and specialist consultations to tenants.

DEVX Stock Price Movement​

As of 12:42 PM, shares of Dev Accelerator Limited are slipping by 0.69% in live trading, currently priced at ₹36.18. The stock has seen a daily volume of 58,230 shares traded as it trades down from the previous close.