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75% Indian companies not disaster ready: CBRE

by December 14, 2016 General

Nearly 75 per cent of Indian companies are not prepared for disaster management, a recent survey by real estate consultant CBRE says.

According to the study, which includes over 100 top corporates in the country and over 350 respondents found out that 75 per cent of the Indian firms are not disaster ready.

It said that 96 per cent of the respondents agreed that majority of losses from disaster occur as a direct result of damage to the built environment, lack of foresight and planning.

Nearly 97 per cent agreed that an integrated and comprehensive approach is necessary to improve the safety of buildings from disasters, the survey said.

“Unprecedented rate of urban growth, increasing dependence on complex technical systems, combined with climate change predictions, have increased the disaster uncertainty even more,” CBRE Managing Director-Project Management Gurjot Bhatia said.

According to the study, only 21 per cent of the respondents have attempted to include hazard mitigation measures in projects. Nearly 97 per cent have agreed periodic audits should be made mandatory for all buildings with respect to codal provisions and compliances with a quarterly frequency.

is a disaster prone country, with 85 per cent of Indian land vulnerable to one or more natural hazards, making it critical to have plan and gauge an organisations’ readiness to deal with such a situation,” CBRE Chairman – and South East Asia Anshuman Magazine said.

He further said that 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.
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https://resources.Insightbee.Com/top-global-technology-trends- 2017 Contact

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Source: InsightBee.