india: Office obsolescence low in India, but time to act now to stay relevant
In the latest Asia Pacific report ReThinking The Office Sector: Optimising Your Asset for a New Era mentioned that the average age of Grade A office stock across top three Indian cities of Mumbai, Bengaluru, and Delhi, is less than 10 years old and therefore less likely to need any significant retrofitting in the immediate future. However, there is an inventory of secondary stock that will require attention, particularly in non-prime locations which are facing obsolescence.
Source: indiatimes.com