DevX, a managed office space provider in Gujarat, is partnering with Nila Infrastructure to construct Deakin University's India campus in GIFT City. The 25,000-square-foot futuristic campus will be designed and built by DevX with support from JLL India, which facilitated the transaction. Deakin University aims to deepen its engagement with India by opening this campus, marking a historic opportunity to provide world-class education to one of the fastest-growing economies. The collaboration showcases DevX's capabilities and highlights the potential for increased demand for various property offerings, including student housing, retail, commercial spaces, and amenities tailored to the student community.
Gujarat-based DevX, a provider of managed office spaces, has unveiled plans to establish Deakin University's India campus in the vibrant GIFT City. In collaboration with Nila Infrastructure, DevX will not only oversee the construction of this futuristic 25,000-square-foot educational haven but also handle its conceptualization and design. Facilitating this venture, JLL India leveraged its extensive experience in GIFT City transactions and provided in-depth secondary research. Umesh Uttamchandani, one of DevX's co-founders, expressed their unwavering commitment to delivering a world-class campus tailored to the needs of a global university. This project, designated as a matter of national importance, underscores DevX's track record of seamlessly delivering top-quality projects and services, ensuring client satisfaction.
Commenting on this new campus, Ravneet Pawha, Vice President (Global Alliances) and CEO (South Asia) of Deakin University, emphasized the institution's longstanding relationship with India. Deakin University has a rich history in India, being the first international university to establish a presence in the country back in 1994. Their approach has always been 'in India, with India, for India.' As the university approaches its 50th anniversary in 2024, the launch of a new Indian campus marks an exciting milestone. It provides an unprecedented opportunity to deepen engagement with one of the world's fastest-growing economies and offer world-class education and pathways, delivered in India in collaboration with industry partners.
Deep Vadodaria, CEO of Nila Infrastructure, shared his enthusiasm for Deakin University's decision to commence operations at their premises in GIFT City. He highlighted the immense value of their partnership with DevX in delivering a comprehensive managed office space solution to end-users. Karan Sodi, Senior Managing Director for Mumbai Metropolitan Region and Gujarat at JLL, pointed out that this collaboration demonstrates their expertise, market insights, and practical knowledge. JLL's support empowered Deakin University to become the first international institution to establish operations within the vibrant GIFT City ecosystem. The venture is expected to create fresh opportunities in the real estate market, with an anticipated surge in demand for various property offerings.
These offerings will encompass student housing, retail establishments, commercial spaces, and amenities designed to meet the evolving needs of the student community. As Gujarat's largest managed space provider, DevX plays a pivotal role in providing a year-round platform for industry, academia, professionals, and companies to host hackathons, seminars, events, and more, addressing emerging trends and issues. The company has ambitious plans to expand and consolidate its pan-India presence by the end of 2023. This move further positions DevX as a significant player in India's ever-evolving real estate and education landscape.
DevX, a multifaceted co-working and accelerator platform, has strategically diversified its operations across various segments of the value chain, aligning seamlessly with its core business principles from inception. As Gujarat's largest co-working space provider, they are initiating an extensive expansion journey. Their technical expertise and strategic corporate partnerships drive this expansion. Its Startup Accelerator is dedicated to fostering the growth of innovative startups by furnishing them with essential support. In recognition of the evolving demands of the contemporary entrepreneurial landscape, they have actively nurtured numerous startup ventures across their facilities.
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