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Retrofitting and Other Strategies for Repurposing Aging Commercial Properties

Tata Realty’s Ramanujan Intellion Park in Chennai showcases how strategic retrofitting can revitalize aging commercial properties. The project focuses on upgrading building management systems, enhancing security, creating tenant-friendly spaces, and implementing sustainable practices like energy efficiency and water conservation. These initiatives have led to higher tenant retention, improved financial performance, and recognition as India’s first asset to receive IFC Edge Zero Carbon and WELL Platinum certifications. Ramanujan Intellion Park sets a benchmark for repurposing aging properties with a focus on sustainability and profitability.

Ritesh Sachdev

Ritesh Sachdev

Sr. Vice President & Head Commercial Leasing, Asset Management, Sustainability & CSR, TATA Realty and Infrastructure Limited

Ritesh is a dynamic and high-performing real estate professional with more than two decades of corporate real estate experience with both service providers and development companies. Ritesh has led teams across India and collaborated across multiple geographies and real estate markets globally. As a Senior Vice President & Head, Commercial Leasing, Asset Management, Sustainability & CSR, Ritesh is responsible for the P&L of the Commercial business of TATA Realty. Ritesh is also part of the Management Committee for TATA Realty This MC team is responsible for strategic direction for the entity including but not limited to portfolio growth, strategic operations and investment decisions. Besides maximizing the operating performance of the company’s commercial portfolio, Ritesh is responsible for driving leasing innovation, efficiency of operations, marketing and strategic business decisions, integrating sustainability into business mainstream and leading the CSR efforts as determined by the company's strategic objectives. Ritesh is a ‘Man Manager’ par excellence a, ‘Institutional Builder’ and a leader in the Indian real estate market who enjoys deep and strategic relationships with both fortune 500 occupiers and International Property Consulting firms across most markets in India, regionally within APAC and globally. In previous roles, Ritesh was the Managing Director with Cushman & Wakefield running their Transaction business for India and subsequently, Managing Director, South India, running the P&L for the largest region. Ritesh is credited with growing and nurturing the transaction business over the years and tripling the top line in five years. After 14 years with C&W, Ritesh joined Colliers International as a Sr. Executive Director and was running their Integrated Occupier Platform for India with the intent to increase revenue, profitability and market share across the occupier business. Ritesh was also responsible to lead and grow the firms P&L across South India as a Managing Director. Under Ritesh’s leadership, the transaction and occupier business doubled in year, key leadership roles were closed and some of the largest/landmark transactions completed successfully. Before moving to International property consulting firms, Ritesh’s worked with DLF Ltd. as part of their leasing teams, The Australian Trade Commission (Austrade) setting up, IndiaLink, the SPOC of all Indo Australian trade and with Holzmann Videocon Engineers Limited (Indian JV of Philipp Holzmann, a global EPC giant)