Dev Accelerator (DevX) Partners with Prestige Group to Add 1.11 Lakh Sq Ft Managed Workspace in Bengaluru
Dev Accelerator Strengthens Bengaluru Presence with Prestige Partnership
Dev Accelerator Limited, among India's leading premium managed workspace providers, has strengthened its Bengaluru presence with the acquisition of two premium Grade A+ office assets in partnership with the Prestige Group, marking a significant scale-up in the city's high-demand Outer Ring Road (ORR) micro-market.
The partnership reflects growing demand for enterprise-grade managed workspaces along Bengaluru's eastern technology corridor. The expansion, spanning 1.11 lakh sq ft, will add over 1,200 seats to DevX's portfolio and is expected to generate approximately ₹2.2 crore in monthly revenue.
Two Premium Assets on the Outer Ring Road
The first asset, located at Lakeshore Drive opposite Bellandur Lake, sits within a sprawling 90 acres corporate campus that houses global occupiers. The premium asset, exclusively designed to cater to evolving enterprise requirements, is expected to launch on 1st August 2026, with an investment of approximately ₹10 crore towards fit-outs and infrastructure development.
The second development, Prestige Featherlite Tech Hub, is an integrated Grade A+ asset that champions the Walk to Work model. The asset caters to occupiers prioritising reduced commute times, improved employee experience, and operational efficiency.
Strategic Market Position
Umesh Uttamchandani, Managing Director of Dev Accelerator Limited, stated that expanding within Bengaluru's Outer Ring Road is a strategic step aligned with where the company sees long-term demand consolidating. Our collaboration with Prestige Group allows us to bring institutional-grade workspaces to a market that continues to attract GCCs and enterprise occupiers at scale.
The company is witnessing strong demand from AI-native GCCs, particularly those operating in the manufacturing and retail sectors.
Juggy Marwaha, CEO & Executive Director of Prestige Group, added that the company is pleased to partner with DevX for premium commercial developments on Bengaluru's Outer Ring Road. At Prestige Group, the focus has consistently been on creating sustainable Grade A+ ecosystems that support the evolving needs of global enterprises. DevX's enterprise-led approach and operational expertise align well with the positioning of Prestige Lakeshore Drive and Prestige Featherlite Tech Hub.
About Dev Accelerator
Dev Accelerator was founded in 2017 with a vision to revolutionize the way people work, establishing a strong presence in both Tier 1 and Tier 2 markets. Dev Accelerator Limited operates 28 centres across multiple Indian cities with over 17,000 seats and 1.2 million sq. ft. under management.
About Prestige Group's Bengaluru Footprint
As of March 2026, Prestige Group has a robust track record, having delivered 316 projects spanning 212 million sqft. The company currently has a pipeline of 135 projects covering 227 million sqft, indicating a strong capacity for undertaking large-scale developments. Beyond the DevX partnership, Prestige Group and Bengaluru Airport City Limited recently announced plans for a 1.5 million sqft mixed use development on a 14.2-acre parcel near Kempegowda International Airport, with an investment of around Rs 1,800 crore, with construction set to commence by early 2027.