NAREDCO Maharashtra Partners with IFC EDGE to Promote Green Building Initiatives by 2025
In a significant move towards sustainable real estate, NAREDCO Maharashtra has joined hands with the International Finance Corporation (IFC) EDGE to promote green building initiatives and achieve their sustainability goals by 2025.
Naredco MaharashtraIfc EdgeGreen BuildingsSustainable Real EstateEnvironmental ImpactReal Estate MaharashtraJan 30, 2025
This collaboration aims to promote green building initiatives and significantly reduce the environmental impact of construction projects in the region by 2025.
NAREDCO Maharashtra has been at the forefront of advocating for sustainable practices in the real estate sector.
The association recognizes the growing importance of green buildings in addressing climate change and improving the quality of life for residents.
By partnering with IFC EDGE, NAREDCO Maharashtra is set to leverage the expertise and resources of a globally recognized organization to drive this transformation.
IFC EDGE, a part of the International Finance Corporation, is a global green building certification system designed to make green buildings more accessible and affordable.
The system provides a framework for measuring and improving the performance of buildings in terms of energy efficiency, water usage, and material selection.
IFC EDGE has been instrumental in promoting sustainable construction practices across various countries, and its partnership with NAREDCO Maharashtra is expected to have a significant impact on the local real estate market.
The partnership will focus on several key areas, including training and capacity building for developers, promoting green building certifications, and developing guidelines and best practices for sustainable construction.
NAREDCO Maharashtra aims to ensure that a significant percentage of new construction projects in the state meet IFC EDGE certification standards by 2025.
Speaking about the partnership, the president of NAREDCO Maharashtra said, 'This collaboration with IFC EDGE is a crucial step towards our vision of a sustainable future.
We are committed to promoting green building practices and believe that this partnership will help us achieve our goals more effectively.'
The benefits of green buildings extend beyond environmental sustainability.
These buildings are designed to be more energy-efficient, which can lead to lower operational costs for property owners and residents.
Additionally, green buildings often incorporate features that enhance indoor air quality and overall well-being, making them more attractive to both buyers and tenants.
The real estate sector in Maharashtra is one of the fastest-growing in India, and the adoption of green building practices is expected to play a significant role in its future development.
The partnership between NAREDCO Maharashtra and IFC EDGE is likely to serve as a model for other regions and countries looking to promote sustainable construction practices.
As part of the partnership, NAREDCO Maharashtra and IFC EDGE will also collaborate on research and development initiatives to explore new technologies and materials that can further enhance the sustainability of buildings.
This includes the use of renewable energy sources, smart building technologies, and innovative construction methods.
The journey towards a greener and more sustainable real estate sector is just beginning, and the collaboration between NAREDCO Maharashtra and IFC EDGE is a promising step in the right direction.
With the combined efforts of these two organizations, the future of real estate in Maharashtra looks brighter and more sustainable than ever before.
Frequently Asked Questions
What is NAREDCO Maharashtra?
NAREDCO Maharashtra is the leading real estate developers' association in the state of Maharashtra, India. It plays a crucial role in advocating for sustainable practices and promoting the growth of the real estate sector.
What is IFC EDGE?
IFC EDGE is a global green building certification system developed by the International Finance Corporation (IFC). It aims to make green buildings more accessible and affordable by providing a framework for measuring and improving building performance in terms of energy efficiency, water usage, and material selection.
What are the main goals of the partnership between NAREDCO Maharashtra and IFC EDGE?
The main goals of the partnership include promoting green building initiatives, training and capacity building for developers, promoting green building certifications, and developing guidelines and best practices for sustainable construction. The aim is to ensure that a significant percentage of new construction projects in Maharashtra meet IFC EDGE certification standards by 2025.
What are the benefits of green buildings?
Green buildings offer several benefits, including improved energy efficiency, lower operational costs, enhanced indoor air quality, and a reduced environmental impact. These features make green buildings more attractive to both property owners and residents.
How will this partnership impact the real estate sector in Maharashtra?
The partnership between NAREDCO Maharashtra and IFC EDGE is expected to significantly impact the real estate sector in Maharashtra by promoting sustainable construction practices, making green buildings more accessible, and contributing to the overall growth and development of the industry.
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