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Real Estate India Witnesses Sustainable Development
| December 14, 2007 |  (Be the first to rate this story!) Loading ... |
Real Estate India is going the right way with sustainable Real Estate developments taking place, keeping full care of the environment. Concentrating on environmental crisis is a necessity for India. Sustainable real estate presents India with a unique and enormous opportunity to make concrete progress to improve its environment.
Jones Lang LaSalle Meghraj came up with a report titled ‘Sustainable Real Estate Development in India’, which highlights the increasing trend of sustainable real estate growth in India, keeping the environment in mind. Terms such as sustainable development, corporate social responsibility and triple bottom reporting which are becoming a common trend in the real estate sector recently crystallize the greater consciousness towards the environmental crisis in India.
The report also highlights methods that owners and occupiers can take up to reduce the environmental impact of their real estate assets, not forgetting the ROI from their ‘green’ initiatives.
The report further reveals that almost 40 construction projects that are currently underway are registered with the Leadership in Energy and Environmental Design (LEED), with proper support from the Government. Pointing towards the west, the report reveals that despite the ever rising construction activity, awareness towards environment has significantly lagged behind.
Schemes like the Indian Renewable Energy Development Agency (IREDA) for subsidizing capital for installation of solar water heaters, encouragement of energy audits and management schemes, mandatory use of fly ashbased construction material, groundwater and rain water harvesting and most importantly increased monitoring of air and water pollution have been introduced by the Government to encourage sustainability.
Manisha Grover, Head Strategic Consulting & Research, Jones Lang LaSalle Meghraj and also co-author of the paper said, “It is important that developers and occupiers develop an understanding and work together in successfully achieving improved sustainability performance and curbing India’s environmental crisis.”
The main objective of any education and communications program should be to encourage developers and occupiers to follow practices such as energy and water conservation, waste management and improve indoor air quality.
Chief Executive Officer, Jones Lang LaSalle Meghraj, Vincent Lottefier said that Sustainable real estate is not a passing trend but is a new way of doing business in real estate as sustainable buildings provide considerable financial savings.
News Published Under: Real Estate Developers |
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