by Suman Gupta
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Total Grade A office stock in the top 7 cities in India is 592 mn sq ft
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Bengaluru, Mumbai and Delhi NCR constitute 379 mn sq ft of Grade A office space of which 105 million sq. ft. qualify for upgradation
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The newly developed buildings are better than their older counterparts in aspects like human experience, sustainability, operational efficiency and costs, technology, community, wellness, safety and compliance
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The older buildings will need to undergo upgradation in order to keep up with the ever changing occupier needs
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Upgradation is likely to help the investors retain clients, increase rentals and enhance asset value