Construction Industry News
DevX, a Gujarat-based managed office space provider, has announced that it will set up the Indian campus of Deakin University in GIFT City. Partnering with Nila Infrastructure for construction, DevX will conceptualise, design, build and deliver the 25,000 square meter futuristic university campus. JLL India facilitated the entire transaction for Deakin University and strengthened its decision-making process by providing detailed secondary research in addition to its first-hand experience of past transactions in GIFT City.
Speaking on the occasion, Umesh Uttamchandani, Co-Founder, DevX, said, We are committed to creating a world-class, cutting-edge campus that can easily meet the ambitions of a global university. Being deemed worthy of planning and executing a designated project of national significance is a testament to DevXs proven capabilities to seamlessly deliver high-quality projects, services and customer satisfaction.
Commenting on the Indian campus, Ravneet Pawha, Vice President (Global Partnerships) and CEO (South Asia), Deakin University, said: Deakin University has a long and proud history in India In fact, we were the first international university to establish our presence in India in 1994, and since then we have built a bond based on commitment, excellence, trust and transparency. Our focus has always been in India, with India, for India and as our university prepares to celebrate its 50th anniversary in 2024, the opening of a new Indian campus marks an exciting new chapter. This is a historic opportunity to deepen our commitment to one of the worlds fastest growing economies and provide access to our world-class education and pathways, which Deakin offers together with our industry partners in India.
Nila Infrastructure, CEO of Deep Vadodaria, said: We are pleased to announce that Deakin University has signed to commence operations at our facility in GIFT City. Our partnership with DevX has proven to be extremely valuable in providing the end user with a complete managed office space solution.
Karan Sodi, Senior Managing Director for Mumbai Metropolitan Region and Gujarat at JLL, said This partnership highlights our experience, market insights and practical knowledge, enabling Deakin University to become the first international institution to develop operations within of this vibrant ecosystem. We are excited about the new opportunities this company offers in the real estate market and anticipate a strong increase in demand for various real estate offerings. These include student accommodation, retail, commercial spaces and services tailored to the changing needs of the student community.
Being the largest managed space provider in Gujarat, DevX also provides a year-round platform for industry, academia, professionals and corporates to conduct hackathons, seminars, events, etc. to address trends and issues. The company plans to expand further to consolidate its presence across India by the end of 2023.
