Economy Grappling With Overcapacity Problem

Not so long ago, a well-made, old but still functioning building at the centre of a city that had withstood the devastating earthquake and hosted a theatre for as long as one can remember got vacated for demolition and, in all likelihood, to get replaced by a high-rise structure. This has been a general trend over the past few decades. The last decade saw a mushrooming of high rise building all over the country, with the similarity among them being not just limited to the number of stories they share but them being vacant or unoccupied most of the time. The new capacity created was underutilised.