Real Estate and Sustainability

Sustainability is the norm now, in the wake of the current pandemic. Climate change has intensified and people want to live a life that can help fight it. Green and sustainable housing is for people to reside beyond short term which is conducive to their development while being respectful to nature.

Buildings contribute to one-third of global greenhouse gas emissions and consume 40% of the world's energy. The contribution of CO2 emissions from the real estate sector, along with other industries, is causing an imbalance in the climate. The construction sector in India is responsible for about 22 percent of our total emissions.

Going green is more of a necessity than a luxury these days. The situation is changing now and consumer demand will probably shift towards more efficient properties, as living in energy intensive buildings has shown many people how it can be a bad thing. As it comes to residential properties, where people will likely live and work from home, a new demand for green and efficient energy systems is picking pace.

Real estate as an investment tool has always been a very attractive and safe option. Right from the middle class to the ultra-rich of India. At this juncture of time, real estate investors should look forward to the sustainability aspect of the product they are putting their money in. It plays a huge roll into pushing the real estate and construction industry to adopt and invest in sustainability. Stepping out of the “comfort-zone” approach may appear daunting, but with strong industry leadership and greater collaboration among all those involved, the road to sustainable real estate is being paved as we speak.

The climate crisis may be a slow burn but its impact on the environment, us and our way of life are far reaching and can be more drastic than we think. But together, we all can have a collectively huge impact on it by encouraging green real estate.