Share This Post

RM Reports

75% Corporates in India are NOT disaster ready: CBRE Survey

CBRE South Asia Pvt. Ltd, one of India’s leading real estate consulting firms, today announced the findings of its survey on “Disaster Preparedness amongst India Corporates” . The survey which included over 100 top corporates in the country and over 350 respondents was conducted by the Project Management group of CBRE. The survey was conducted to increase awareness about disasters, to re-iterate the importance of proactive planning for disaster management and arrive at an industry wide an approach for the same.

community-planning-disaster-management_b8c4b231e23976a6
RM Correspondent

Commenting on the findings of the survey, Mr. Anshuman Magazine, Chairman –India & South East Asia, CBRE said, “India’s average annual economic loss due to disasters is estimated to be $9.8 billion according to a UN global assessment report on disaster risk. This includes more than $7 billion loss on account of floods. India is a disaster prone country, with 85% of Indian land vulnerable to one or more natural hazards, making it is critical to have plan and gauge an organizations’ readiness to deal with such a situation.”

“Integrated and comprehensive approach is necessary to improve the safety of buildings from disasters, thus we strongly advocate  an increased  private enterprises’ engagement with government agencies in disaster risk reduction activities” he added.

According to Gurjot Bhatia, Managing Director-Project Management, CBRE India Pvt. Ltd, “Unprecedented rate of urban growth, increasing dependence on complex technical systems, combined with climate change predictions, have increased the disaster uncertainty even more. The objective of this study, thus, is towards developing a holistic approach for disaster preparedness, sustainability and safety, along with establishing the role to be played by various stakeholders involved.”

Some of the findings are captured below:

  • 96% agree that majority of losses from a disaster occur as a direct result of damage to the built environment, lack of foresight and planning.
  • 97% agree that an integrated and comprehensive approach is necessary to improve the safety of buildings from disasters.
  • 73% feel reviews do not acknowledge disasters
  • Only 21% attempt to include hazard mitigation measures in projects
  • 97% agree Periodic audits should made mandatory for all buildings w.r.t  codal provisions & compliances with a quarterly frequency

An integrated and comprehensive approach is necessary to improve the safety of buildings from disasters. Similarly the survey also established that periodic audits need to be made mandatory for all buildings w.r.t codal provisions & compliances with a quarterly frequency

Disclaimer:

Neither CBRE nor its affiliated companies make any warranties or claims on the implied accuracy of the information contained herein.

Share This Post

Leave a Reply

Please wait...

Subscribe to our newsletter

Want to be notified when our article is published? Enter your email address and name below to be the first to know.