DevX is cur­rent­ly extend­ing an invi­ta­tion to pro­fes­sion­al investors to par­tic­i­pate in the invest­ment oppor­tu­ni­ty. The cap­i­tal raised will be uti­lized for the con­struc­tion, oper­a­tion, and leas­ing of an office build­ing in a prime loca­tion with high demand. Investors can antic­i­pate robust risk-adjust­ed returns by gain­ing expo­sure to an out­stand­ing, rapid­ly grow­ing real estate envi­ron­ment, cou­pled with the exper­tise of a sea­soned team boast­ing a proven long-term suc­cess­ful track record.

The total build­ing capac­i­ty of Project GMDC is 44,600 m², dis­trib­uted among office (80%), res­i­den­tial (12%), and retail (8%) spaces to opti­mize rev­enue gen­er­a­tion and max­i­mize profits.

Project GMDC is envi­sioned as a dis­tinc­tive office space that will cul­ti­vate a cam­pus-like atmos­phere, incor­po­rat­ing open spaces and over­lap­ping work areas to pro­mote inter­ac­tiv­i­ty and flex­i­bil­i­ty. DevX, the dri­ving force behind this project, is com­mit­ted to cre­at­ing infor­mal spaces for recre­ation­al activ­i­ties to shape a vibrant and pos­i­tive cor­po­rate cul­ture with­in the build­ing. The strate­gic place­ment of the retail area in a prime loca­tion, eas­i­ly acces­si­ble from the street, aims to boost demand among poten­tial retail tenants.

In addi­tion to offer­ing appeal­ing ameni­ties such as crick­et and ten­nis facil­i­ties, the build­ing places a strong empha­sis on sus­tain­abil­i­ty and ener­gy effi­cien­cy. Elec­tric­i­ty for com­mon areas will be sourced from pho­to­volta­ic (PV) sys­tems. The project boasts an Indi­an Green Build­ing Coun­cil rat­ing, high­light­ing its com­mit­ment to reduced car­bon emis­sions and a min­i­mized envi­ron­men­tal impact.

DevX, the vision­ary behind this project, brings a wealth of offer­ings to the table, includ­ing man­age­ment exper­tise, local expe­ri­ence, an excel­lent and lengthy track record in com­mer­cial real estate, project sourc­ing and real­iza­tion expe­ri­ence, and a ded­i­cat­ed project team with over 60 employees.

The GMDC project presents an equi­ty par­tic­i­pa­tion oppor­tu­ni­ty with a total invest­ment vol­ume amount­ing to $57,000,000, which will be used to build, oper­ate and rent out the build­ing. Investors can antic­i­pate a tar­get­ed yield of 8.5% per annum and a tar­get­ed IRR of 16% in the event of an ear­ly exit. Tok­eniza­tion for this project is option­al, pro­vid­ing flex­i­bil­i­ty for investors.

Sit­u­at­ed in Vas­tra­pur, Ahmed­abad, Gujarat, India, the man­aged office space pro­vides an opti­mal envi­ron­ment for enter­prise and MNC clients. Its strate­gic place­ment in a bustling neigh­bor­hood posi­tions it in close prox­im­i­ty to shop­ping malls, a hos­pi­tal, uni­ver­si­ties, and dynam­ic stu­dent com­mu­ni­ties. This pre­mier loca­tion ensures star­tups have con­ve­nient access to essen­tial ser­vices and a diverse tal­ent pool, fos­ter­ing an envi­ron­ment con­ducive to growth and innovation.

DEV ACCELERATOR PVT LTD. (“DevX”) stands as Gujarat’s largest co-work­ing com­pa­ny, with an expand­ing pres­ence into new areas. The com­pa­ny is cur­rent­ly under­go­ing sub­stan­tial growth pro­pelled by cor­po­rate col­lab­o­ra­tions, favor­able mar­ket con­di­tions, and height­ened demand, all fueled by its tech­ni­cal expertise.

Oper­at­ing across 10 cities in India, DevX pro­vides over 100,000 square meters of work­space spread across 27 co-work­ing and man­aged office space cen­ters. Addi­tion­al­ly, they admin­is­ter a Start­up Accel­er­a­tor pro­gram craft­ed to nur­ture inno­v­a­tive star­tups by pro­vid­ing essen­tial support.

DevX man­aged office centers

DevX remains high­ly attuned to the evolv­ing needs of the entre­pre­neur­ial com­mu­ni­ty, play­ing a piv­otal role in sup­port­ing the growth jour­neys of numer­ous star­tups at their cen­ters. The com­pa­ny’s phi­los­o­phy revolves around fos­ter­ing equal part­ner­ships and facil­i­tat­ing growth through strate­gic alliances and sup­ple­men­tary services.

The com­pa­ny main­tains a 82% occu­pan­cy rate across its exist­ing office cen­ters, high­light­ing its com­mit­ment to eco-friend­ly oper­a­tions, empha­sis on sec­ond-tier cities, engage­ment with mar­quee clients on long-term con­tracts, pos­ses­sion of an in-house design exe­cu­tion team, pro­vi­sion of a ful­ly inte­grat­ed app, assur­ance of a swift break-even, and offer of a sub­stan­tial rent-free period.