Integrating Rainwater Harvesting and Solar Energy into Housing Projects: The Future of Sustainable Living
MoHUA senior official emphasizes the need for real estate developers to incorporate rainwater harvesting and solar energy into all housing projects
Rainwater HarvestingSolar EnergySustainable LivingReal EstateMohuaNaredcoReal EstateJun 14, 2024
Thara emphasized the need for the real estate sector to change its traditional practices and invest in technologies that enhance environmental sustainability. She said that rainwater harvesting should become a core infrastructure component in housing complexes to reduce dependence on external water sources and promote water conservation within communities.
The real estate sector should gear up for new housing challenges until 2029, with rain harvesting as a core element for housing projects. This includes creating walkable spaces and provision for parks, school-ways, and pathways powered by solar energy. Additionally, builders would need to incorporate ample rain harvesting and water resource management within the project site, rather than depending on water supplies from neighbouring locations.
Naredco President G Haribabu also highlighted the need for women empowerment in the real estate sector, which still lacks sufficient women entrepreneurs. Naredco Chairman Niranjan Hiranandani appreciated the government's emphasis on constructing an additional 3 crore housing units in the affordable housing sector, which would give a new direction to the real estate sector for its all-around transformation.
The Ministry of Housing and Urban Affairs (MoHUA) is a government ministry responsible for formulation and implementation of policies related to housing and urban development in India.
Naredco is a real estate body that aims to promote the interests of its members and contribute to the growth of the real estate sector in India.
NAREDCO Mahi is the women's wing of Naredco, which works towards promoting women empowerment in the real estate sector.
Frequently Asked Questions
Why is rainwater harvesting important in housing projects?
Rainwater harvesting is important in housing projects as it reduces dependence on external water sources and promotes water conservation within communities.
What is the role of MoHUA in promoting sustainable living?
MoHUA plays a crucial role in promoting sustainable living by formulating and implementing policies related to housing and urban development in India.
What is Naredco's objective in the real estate sector?
Naredco's objective is to promote the interests of its members and contribute to the growth of the real estate sector in India.
What is the significance of women empowerment in the real estate sector?
Women empowerment in the real estate sector is significant as it promotes diversity and inclusion, and contributes to the growth of the sector.
What is the government's plan for affordable housing in India?
The government has plans to construct an additional 3 crore housing units in the affordable housing sector, which would give a new direction to the real estate sector for its all-around transformation.
Related News Articles
Property Registration Scandal: 796 Documents Under Scrutiny for Violating Real Estate Laws
The registration department is investigating 796 property registration documents for non-compliance with real estate regulations, sparking concerns among developers and buyers.
Maharashtra Weather Alert: Heavy Rainfall Expected in Mumbai, Pune, and Other Districts
IMD issues yellow alert for Mumbai, red alert for Palghar and Pune; heavy to very heavy rainfall expected in the next 24 hours
Nagpur Townships Inspected by State-Appointed Panel, Issues Persist
A state-appointed panel inspected several townships in Nagpur, Maharashtra, but issues related to water supply, irrigation clearance, and inspection delays remain unresolved.
Indore Sees 12.8% Rise in Property Revenue During Festive October
The city of Indore recorded a significant 12.8% increase in property revenue during the festive season in October. According to Balkrishna More, the Deputy Inspector General of Registration for the Indore region, the surge in real estate activity can be a
Arvind Gurumurthy: A Renowned Legal Expert in M&A, Private Equity, and Corporate Law
Arvind Gurumurthy, a distinguished legal professional, has made significant contributions in the fields of M&A, private equity, and corporate law. With a successful seven-year tenure as Partner at Kochhar & Company, Arvind has extensive experience in hand
Arthur Laffer Buys $87,156 in NexPoint Diversified Real Estate Trust Stock: A Bullish Signal?
Arthur Laffer, the director of NexPoint Diversified Real Estate Trust (NXDT), has made a significant purchase of $87,156 in company stock. This move could signal his confidence in the company's future performance. Investors should consider this as a potential indicator of a bullish market play.