India has over 7,000 IGBC-certified projects
Maharashtra has the maximum IGBC registered projects in India followed by Uttar Pradesh and Gujarat as India has seen a substantial increase in green building certifications, with over 7,000 IGBC-certified (The Indian Green Building Council) projects covering an estimated 1,370 million sq. ft. of built-up area.
According to a Savills India research, concept of green leases in India is in early stages but gaining traction due to
growing awareness about sustainability. There is a rising demand for sustainable buildings among corporations, especially multinational companies with global sustainability goals.
The real estate industry, a significant contributor to greenhouse gas emissions, is embracing changes, ensuring that both corporate and asset-level initiatives align with the nation’s climate ambitions.
Green-certified buildings are at the forefront of this transformation, setting new standards in the use of sustainable materials, energy-efficient technologies, and water conservation practices.
These buildings contribute significantly to reducing the carbon footprint and advancing the United Nations' Sustainable Development Goals (SDGs).
The report talks about the importance of addressing both embodied carbon emissions from building materials and operational carbon emissions from building operations. Government policies, regulations, incentives, and initiatives are crucial in guiding and supporting the transition to low-carbon, energy-efficient buildings.
The concept of green
