Indian real estate projects are hugging trees and finally the right noises are being made, as net-zero projects become a reality.
How sustainable real estate is coming to life
JLL’s study shows how 93% of occupiers agree on lowering carbon emissions, while 65% of investors prefer more sustainable cities. 57% occupiers have obtained green building certification, while 40% want to achieve the same by 2025.
Mahindra Lifespaces has rolled out Mahindra Eden net zero homes in Bangalore. The project’s got a plethora of smart features. It’s going to reduce energy demand by a third. Mahindra is going all out with SRI paints, high-performance glass, efficient lighting, rainwater harvesting- the works.
👩🏽🤝👩🏻 They’re not alone; Max Estates is working on Max Square with IGBC Platinum certification goals. Godrej Construction has recycled 25,000+ metric tonnes of concrete debris too.
What the future holds
🍀 A bigger push towards sustainable and greener realty, as the last five-year cycle indicates. Certified buildings went up by 37%. That’s an addition of 78 million sq ft of green stock.
🍀 Sustainable office spaces have increased to 31% by September last year from 24% in 2011.
🍀 In fact, with certified housing stocks seeing 10.7% CAGR from 2011, green is clearly in for Indian real estate players.
While the shift at the developer end is inevitable, rising green home demand at the consumer end will truly make the difference. After all, some premiums are worth paying, factoring in the bigger picture.