CII-IGBC and CREDAI Unite to Boost Sustainable Development in Indian Real Estate
Mumbai: CII-IGBC and CREDAI join hands to promote eco-friendly projects in real estate, encouraging developers to adopt green technologies.
CiiigbcCredaiSustainable DevelopmentReal EstateGreen TechnologiesReal Estate MumbaiSep 25, 2024
This partnership aims to encourage builders and real estate developers to adopt green technologies and sustainable practices in their projects. The MoU was signed by C Shekar Reddy, National Vice Chairman, CII Indian Green Building Council, and Boman R Irani, President, CREDAI.
As part of the agreement, CII IGBC will provide support to CREDAI members in conducting high-level feasibility studies for their building projects and share improvement opportunities with a clear roadmap to achieve the IGBC Net Zero ratings. Both organizations will also work together to promote sustainability in the real estate sector and contribute to a more environment-friendly future.
Speaking at the function, Reddy said, “This partnership is a significant step towards making India a global leader in sustainable built environments by 2025. We will work closely with CREDAI members across India to raise awareness on Green and Net Zero concepts and adopt suitable IGBC Green and Net Zero Rating systems for their upcoming projects.”
Irani added, “With over 13,300 members from 230 city chapters across 21 states of India, CREDAI is committed to promoting sustainability in the real estate sector. Together with CII IGBC, we can effectively promote eco-friendly practices and contribute to a better future.”
Under this association, CREDAI has pledged to have over 4,000 projects adopt IGBC Green and Net Zero building rating systems by 2030. This will result in the addition of over 4,00,000 housing units in the green development category across the country.
Both organizations will also form a joint taskforce to drive initiatives that will further the cause of Green Building and Sustainable Built Environment in India.
Information
CII-IGBC is India’s premier body for green building certification and related services. CREDAI is the Confederation of Real Estate Developers' Associations of India, which brings together over 13,300 members from 230 city chapters across 21 states of India.
CII-IGBC is a non-profit organization that aims to promote sustainable and eco-friendly practices in the building industry. CREDAI is a leading organization of real estate developers in India, committed to promoting transparency, accountability, and sustainability in the sector.
Frequently Asked Questions
What is the main objective of the MoU between CII-IGBC and CREDAI?
The main objective of the MoU is to promote sustainable development projects in the real estate sector and encourage builders and real estate developers to adopt green technologies.
What is the target set by CREDAI for adopting IGBC Green and Net Zero building rating systems by 2030?
CREDAI has pledged to have over 4,000 projects adopt IGBC Green and Net Zero building rating systems by 2030, resulting in the addition of over 4,00,000 housing units in the green development category across the country.
What is the role of CII-IGBC in the partnership?
CII-IGBC will provide support to CREDAI members in conducting high-level feasibility studies for their building projects and share improvement opportunities with a clear roadmap to achieve the IGBC Net Zero ratings.
What is the expected outcome of the partnership between CII-IGBC and CREDAI?
The partnership is expected to promote sustainability in the real estate sector, contribute to a more environment-friendly future, and make India a global leader in sustainable built environments by 2025.
Who are the signatories to the MoU between CII-IGBC and CREDAI?
The MoU was signed by C Shekar Reddy, National Vice Chairman, CII Indian Green Building Council, and Boman R Irani, President, CREDAI.
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