Tag: Commercial real estate

Commercial

Colliers India eyes ₹1,100 crore order book in 2025 amid strong leasing pipeline, sectoral resilience

NEW DELHI: Colliers India is targeting an order book of ₹1,100 crore in 2025, up from a revenue of approximately ₹700 crore in the previous calendar year. The real estate services firm has reported a robust start to the year, with its leasing business already showing 20–25% growth over 2024. Sankey Prasad, chairman and managing director in an exclusive interview with ETRealty said that the company remains bullish on India’s commercial real estate sector, citing strong fundamentals and continued demand despite global headwinds. As part of its global integration strategy, Colliers is establishing a new Global Capability Centre (GCC) in…

Commercial

Retrofitting can unlock ₹1.2–1.6 lakh crore in asset value across Indian offices: CBRE

NEW DELHI: India’s ageing office stock presents a significant value creation opportunity, with strategic retrofitting capable of unlocking up to ₹1.2–1.6 lakh crore in capital value, according to a recent report by CBRE South Asia. The report estimates that such upgrades could drive 25–40% asset value enhancement in key commercial micro-markets. To realise this potential, the total investment required is estimated between ₹30,000–40,000 crore, depending on the scale and scope of enhancements. This includes structural upgrades, façade modernisation, HVAC optimisation, ESG compliance, and the addition of employee-centric amenities. The report adds that well-executed retrofits can offer a 3–5 year payback…