Dev Accelerator jumps on signing 27-storey commercial office tower in Ahmedabad
Dev Accelerator is currently trading at Rs. 40.56, up by 0.75 points or 1.88% from its previous closing of Rs. 39.81 on the BSE.
The scrip opened at Rs. 39.22 and has touched a high and low of Rs. 40.56 and Rs. 39.22 respectively. So far 252 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 64.36 on 17-Sep-2025 and a 52 week low of Rs. 34.00 on 27-Jan-2026.
Last one week high and low of the scrip stood at Rs. 41.27 and Rs. 39.22 respectively. The current market cap of the company is Rs. 361.47 crore.
The promoters holding in the company stood at 36.81%, while Institutions and Non-Institutions held 7.90% and 55.29% respectively.
Dev Accelerator (DEVX) has signed a landmark 27-storey commercial office tower spread over 8 lakh sq ft in Ahmedabad in a deal valued at over Rs 850 crore of total rentals, executed under the company’s innovative Development Management (DM) model. This stands as India's single largest managed office transaction of its kind. The deal reinforces the company's dominance in Tier II markets and is projected to generate an annual revenue of Rs 120 crore upon completion.
Strategically located in the high-demand Ambli-Bopal micro-market, the new campus will be developed into a Grade A+ Green building to cater to the surging requirements of GCCs. With an investment of Rs 100 crore slated over the next four years, this massive expansion will add 8,500 seats to the city's commercial ecosystem, capitalizing on the infrastructure boom driven by Ahmedabad's future growth prospects and the upcoming Commonwealth Games.
Unlike traditional lease models, this project is structured under the Development Management model, where DevX partners with noninstitutional landowners to unlock the value of their prime real estate. DevX will manage the entire lifecycle--from planning and development to leasing and operations--delivering institutional-grade assets that meet global standards. The project is currently under construction and is expected to be ready in about 2.5 to 3 years.
