DevX Expands Bengaluru Presence, Acquires 1.11 Lakh Sq Ft in Partnership with Prestige Group
Dev Accelerator Limited, one of India's fast-growing premium managed workspace providers, has significantly scaled up its operations in Bengaluru through a strategic partnership with the Prestige Group. The acquisition involves two premium Grade A+ office assets on the Outer Ring Road (ORR), adding over 1,200 seats and totaling 1.11 lakh square feet to DevX's portfolio.This major expansion is expected to generate approximately ₹2.2 crore in monthly revenue for Dev Accelerator Limited.
The company has secured two key developments: Prestige Lakeshore Drive and the Prestige Featherlite Tech Hub. These assets cater to the high demand for institutional-grade workspaces in Bengaluru's active corporate corridor.
Details of the New Assets
The expansion includes prime real estate across two integrated Grade A+ properties, designed to meet evolving enterprise requirements. The following table outlines key details regarding both developments:| Development Name | Key Feature | Location/Context | Financial/Timeline Data |
|---|---|---|---|
| Prestige Lakeshore Drive | Elite corporate ecosystem offering | Opposite Bellandur Lake within a 90-acre campus | Expected launch on August 1, 2026. Investment for fit-outs and infrastructure: Approximately ₹10 crore. |
| Prestige Featherlite Tech Hub | Integrated asset championing the Walk to Work model | Outer Ring Road micro-market | Designed to cater to occupiers prioritizing reduced commute times and operational efficiency. |
Commenting on the development, Umesh Uttamchandani, Managing Director of Dev Accelerator Limited, stated that expanding within Bengaluru’s Outer Ring Road is a strategic move aligned with long-term demand consolidation. He added that collaboration with Prestige Group enables DevX to bring institutional-grade workspaces to a market attracting GCCs and enterprise occupiers at scale, noting strong interest from AI-native GCCs in the manufacturing and retail sectors.
Juggy Marwaha, CEO & Executive Director of Prestige Group, expressed pleasure in partnering with Dev Accelerator Limited for these premium commercial developments. He noted that Prestige Group's focus is on creating sustainable Grade A+ ecosystems, and he believes this collaboration will strengthen the value proposition of both properties for companies seeking agile, future-ready environments in a strategic office location.
The dual acquisition by DevX caters to the rising demand among global capability centers and large enterprises for flexible institutional grade workspaces within one of Asia's largest IT corridors.
About Dev Accelerator Limited
Dev Accelerator Limited is an enterprise focused, full-solution managed workspace platform. It has been recognized as one of 'India's Fastest-Growing Companies 2026' by Hurun India. The company designs, builds, and operates custom offices end-to-end, covering site selection, bespoke fit-outs, technology integration, and facility management under a single Service Level Agreement (SLA).DevX serves enterprises, startups, and global corporations with customizable workspaces across the country. The company currently operates 28 centers in multiple Indian cities, managing over 17,000 seats and 1.2 million square feet.
DEVX Stock Price Movement
Dev Accelerator Limited shares closed lower today, shedding 1.37% from its previous close and settling at ₹36.64. The equity throughout the day traded within a range of ₹36.41 to ₹37.25.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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