DevX has launched Capital One in Ahmedabad, touted as India’s single largest managed office space campus across Tier II cities. Spanning 3.15 lakh sq ft over 19 floors, the project is already 95% occupied, reflecting strong demand from GCCs and high-growth firms for flexible, enterprise-grade workplaces beyond metros.
Tier II Workspaces Go Big
DevX’s Capital One marks a turning point for managed office spaces in India’s Tier II markets. The newly launched Ahmedabad campus spans 3.15 lakh sq ft across 19 floors and has reached 95% occupancy even before its official debut, underscoring deep enterprise demand for scalable, plug-and-play work environments.
Notable updates
Scale and location: A 3.15 lakh sq ft, 19-floor managed office campus in Ahmedabad, designed for enterprise tenants and GCCs seeking quality space outside Tier I cities.
Pre-launch traction: The asset achieved 95% occupancy pre-launch, with early tenants from technology, accounting, and media sectors, signaling robust market confidence.
Sector signal: The launch highlights shifting preferences toward Tier II business hubs, supported by cost efficiencies and improving urban infrastructure.
Major takeaways
Enterprise-grade flexibility: Managed campuses are becoming the default for companies seeking speed-to-setup, scalability, and integrated services beyond traditional leases.
Tier II momentum: Capital One’s uptake reflects a broader relocation and expansion trend among GCCs and high-growth firms into emerging cities.
Confidence indicator: Strong pre-launch occupancy positions managed campuses as a resilient asset class in commercial real estate.
Important points
Tenant mix matters: Early traction across tech, accounting, and media suggests diverse, durable demand profiles for managed spaces.
Strategic advantage: Ahmedabad’s rise as a business destination is reinforced by large-format, ready-to-operate campuses like Capital One.
Sources: The Tribune, Realty+, Devdiscourse