Green buildings market in India to reach $39 billion by 2025
IoT) devices in homes, which enhance security, energy efficiency, and convenience.
Startups specializing in smart home solutions are expected to see substantial growth during this period, according to a joint report by by Resurgent India and NAREDCO.
Additionally, the green buildings market in India is set to rise significantly, contributing USD 39 billion (Rs 3.2 lakh crore) by 2025. This trend reflects the growing emphasis on sustainable construction, with green buildings becoming a larger share of new developments.
According to the report, the commercial segment of green buildings in India is expected to generate a market worth USD 11 billion, while the residential segment is projected to reach USD 28 billion, together totaling USD 39 billion by next year.
“With the increasing focus on sustainability, PropTech startups offering eco-friendly and energy-efficient solutions are gaining traction in India’s real estate market. These startups are leveraging IoT and artificial intelligence (AI) to optimize energy management systems, reduce consumption, and improve overall building efficiency,” said Ananta Singh Raghuvanshi, President of NAREDCO Mahi an arm of Realty body NAREDCO.
The report also highlights the rise of PropTech startups, which refers to the innovative use of technology in the real estate sector. These startups are utilizing advancements such as artificial intelligence, blockchain technology, big data, and IoT to revolutionize the buying, selling, renting, and management of properties.
“With the
