DevX secures ₹110 Cr enterprise deal for managed workspaces

Dev Accelerator Limited (DevX) has signed a landmark 9-year, ₹110 crore agreement with Manubhai and Shah LLP for approximately 1,00,000 sq. ft. of managed workspace in Ahmedabad. This deal, one of the largest enterprise-led flexible workspace transactions in a Tier-II city, involves Manubhai and Shah LLP relocating its headquarters to DevX’s Capital One campus, committing over 1,000 seats in Phase 1. The agreement provides strong long-term revenue visibility for DevX and underscores the increasing institutional adoption of managed office solutions by large enterprises, particularly as businesses expand beyond traditional metros. The Capital One campus also hosts a diverse mix of other enterprise occupiers, highlighting the growing demand for integrated, experience-led workspaces in emerging business hubs.