Ageing CBD offices emerge as next growth play for developers, investors
Ageing CBD offices emerge as next growth play for developers, investors

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Ageing CBD offices emerge as next growth play for developers, investors

Office redevelopment is emerging as a key growth frontier for developers as India’s commercial real estate market shifts towards quality, sustainability, and capital efficiency. With land parcels scarce in central business districts (CBDs) and demand for Grade A offices remaining strong, developers and investors are increasingly turning to ageing office stock in prime locations to unlock value.

Across top cities, a large share of office buildings in CBDs and established business districts were built two to three decades ago. While demand for these locations remains intact, many such buildings no longer meet occupier expectations in terms of floor efficiency, sustainability, technology integration, parking, or employee wellness. Redevelopment, industry experts say, is becoming the natural response to this mismatch between supply and demand.

Source: Business Standard

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