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Revitalizing outdated buildings: Colliers Report

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1536 Revitalizing outdated buildings

A requisite to avoid redundancy

• We suggest developers tap the massive opportunity to retrofit ageing office stock, that would require up to INR9,000 crore (USD1.2 billion) in funding.

• Upgradation should make these offices more attractive to occupiers, leading to a) increased rents and lower vacancies, b) high tech buildings and c) sustainable benefits like reduction in carbon emissions.

• We believe upgradation of buildings will make them more investible, which can be bundled into a REIT.

• We recommend developers reconfigure outdated stock by upgrading HVAC systems, electrical wiring, and external facade upgradation which can enhance the operational efficiency and increase the longevity of the buildings. A focus towards carefully chosen sustainability measures will make the buildings more environment friendly.


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Revitalizing outdated buildings: Colliers Report

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