The master developments, business parks and residential communities we see around us have spent years in the planning, design and construction phases. Rightly so; they are expected to have decades of use in them. Yet, time and again, we see critical costs being ignored, financial risk assessments that are sorely lacking, and budgets that simply don’t add up. Here, we’ll assess why this happens, the potential pitfalls, and most importantly, suggest how proper stress tests via bespoke validation models can help create truly sustainable developments – as relevant in 50 years’ time as they are today.
Pre-concept design
Briefly speaking, all projects begin with a feasibility process, during which developers analyze the best use of their land and the market fundamentals and opportunities for this use. This leads to a pre-concept design that meets a capital budget, or CAPEX.
However, too often, there is a fundamental gap between a developer’s analysis of the capital expenditure required to build their project, and the operational costs of maintaining this asset – the OPEX. In fact, the vast majority of developers don’t define the latter at all, or they base this cost on misleading benchmarks. For example, it’s not uncommon for developers of luxury residential projects to benchmark their service charge on an affordable housing development or compare a high-density project to one that is less efficient.
Denne historien er fra April 2020-utgaven av Commercial Design.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent ? Logg på
Denne historien er fra April 2020-utgaven av Commercial Design.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
PATH FINDERS MINDS BEHIND THE BEST WORKSPACES IN INDIA
In celebration of Commercial Design magazine's 11th anniversary, we are proud to present the \"Minds Behind the Best Workplaces in India\".
REDEFINING WORKPLACE DESIGN AND SUSTAINABILITY FOR THE FUTURE
The 19th Smart Office Summit, held in New Delhi, explored the future of workplace design, bringing together industry leaders to discuss trends, sustainability, and innovative solutions for next-gen workspaces
SYNQ.WORK PLANS TO INVEST 60 CR. TO ADD 6 LAKH SQ. FT. OF MANAGED OFFICE SPACES TO ITS PORTFOLIO WITH NEW CENTRES IN BANGALORE, PUNE, AND HYDERABAD
Synq.work, one of the leading managed office space providers in India has recently made an announcement to expand the current seating capacity from 3200 to 12,000 by adding an additional 8800 seats by December 2025.
TANGIBLE ROI
How to connect your CAFM to obtain tangible ROI
UNLEASHING THE POTENTIAL OF THE OFFICE CAMPUS
Exciting concept can re-ignite employees' desire to work onsite and drive creativity
REINVENTING RETAIL
Inside Culdesac's future-forward design of Bershka Valencia
A VISION BEYOND THE CONVENTIONAL
Kangana Ranaut's Manikarnika Films Studio office, designed by The Orange Lane, transforms a creative workspace into an inspirational sanctuary, masterfully blending tranquillity and innovation.
WHEN INDUSTRIAL CHIC MEETS URBAN OASIS
Studio Lotus breathes new life into Chennai's largest IT park with the design of The Hub at DLF Cybercity, Chennai - a dynamic mixeduse community hub that's a vibrant fusion of industrial design and community-centric spaces.
SHAPING THE FUTURE OF WORKSPACES
Understanding the evolving dynamics of workplace design and operations.
CHANGING SHAPE
Five of the biggest breakthrough innovations redefining the fit-out industry