Dev Accelerator Adds 1.11 Lakh Sq Ft in Bengaluru
Dev Accelerator Limited has expanded its Bengaluru portfolio by acquiring two Grade A+ office assets in partnership with Prestige Group. This expansion adds 1.11 lakh sq ft, providing over 1,200 seats in the high-demand Outer Ring Road micro-market. The first asset, Prestige Lakeshore Drive, is expected to launch on August 1, 2026, with an investment of ₹10 crore for fit-outs. The second, Prestige Featherlite Tech Hub, focuses on the 'Walk to Work' model. This strategic move aims to cater to the growing demand from Global Capability Centers (GCCs) and large enterprises, particularly AI-native GCCs in manufacturing and retail sectors, and is projected to generate approximately ₹2.2 crore in monthly revenue.
Key Highlights
- DevX expands Bengaluru presence with 1.11 lakh sq ft across two Grade A+ assets.
- Partnership with Prestige Group for new developments on Outer Ring Road.
- Expansion adds over 1,200 seats, targeting GCCs and large enterprises.
- Projected monthly revenue of ₹2.2 crore from the new spaces.
- Investment of ₹10 crore for fit-outs in the first asset.
Price Impact
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