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New Delhi: Around 120 million square feet of Grade A office buildings, which are more than 15 years old, may be refurbished in the top six cities (Bangalore, Chennai, Delhi-NCR, Hyderabad, Mumbai, PuneAccording to a recent report by colliers,
Jatin Shah, Managing Director, Technical Due Diligence, Colliers India.
Real Estate Due Diligence Could Capture a Piece of the Existing and Upcoming 300 Million Square Foot Pie commercial office buildings. The top six cities are witnessing a robust pipeline of office buildings over the next 2-3 years, with around 180 million sq ft of Grade A office stock in various stages of construction.
The report shows in detail how due diligence can help various stakeholders take precautions to protect their investments.
According to Shah, upgrading the old office buildings will help in gaining more traction from the occupants, increasing the value of the building.
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