

Shifting Tides in Indian Realty: The impact of financiers favoring sustainable property development
As the world grapples with rising temperatures, extreme weather events, and the urgent need to reduce carbon emissions, real estate has emerged as a critical player in the fight against climate change. Currently, a mere 10% of India’s total buildings are certified green. In a scenario where the real estate and construction sector accounts for 36% of the world’s total energy consumption and is responsible for nearly 40% of greenhouse gas emissions, this is a wake-up call to an industry that is a vital part of the solution.
In contrast to typical Indian buildings, those certified by the Indian Green Building Council (IGBC) lead to water and energy savings of approximately 20-30% and 40-50%, respectively. As every drop of water and every unit of energy saved is a step closer to a sustainable future, green buildings stand as a ray of hope in the battle against climate change.
Sustainable development in the real estate sector covers a range of practices aimed at reducing the environmental impact of construction and operation. This includes energy-efficient building designs, the use of renewable materials, and the adoption of green technologies for heating, cooling, and waste management.
Measures and initiatives like sewage treatment plants, rainwater harvesting, high-reflective index, solar photovoltaic technology, double glazing units and regenerative elevators with ReGen are critical in building a sustainable project. These parameters collectively signify a transformative journey in real estate development in India, benefiting both the environment and society at large.
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The shift towards sustainable real estate development in India is being driven
Read on financialexpress.com