Chennai's Aging Office Buildings Find New Life Through Retrofitting

What is retrofitting in the context of office buildings? A: Retrofitting involves updating and modernizing older office buildings to improve their functionality, sustainability, and appeal to tenants. This can include structural enhancements, energy-efficient systems, and occupier-centric features. Q: How much outdated office space in Chennai is ripe for transformation? A: According to CBRE, as much as 57 million square feet of outdated office space in Chennai may be ripe for transformation. Q: What is the potential investment opportunity from retrofitting in Chennai? A: The potential investment opportunity from retrofitting in Chennai is valued between Rs 39 billion and Rs 66 billion. Q: What are some of the key features tenants are demanding in modern office spaces? A: Tenants are demanding enhanced air quality, security, greenery, natural lighting, app-based visitor management, and even sleeping pods. These features are becoming baseline requirements. Q: Which areas in Chennai are potential candidates for office redevelopment? A: Potential areas for office redevelopment in Chennai include Old Mahabalipuram Road, Mount Poonamallee High Road, Manapakkam, Pallavaram-Thoraipakkam Radial Road, and Ambattur.

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