Sustainable Future of Commercial Real Estate: Green Buildings on the Rise
Ashish Sharma, AVP Operations, Brahma Group, shares his insights on the growing trend of green commercial real estate in India.
Green BuildingsCommercial Real EstateSustainable ConstructionMahareraAshish SharmaBrahma GroupReal Estate NewsJun 27, 2024
Ashish Sharma, AVP Operations, Brahma Group, believes that green commercial real estate is the future of the industry. 'With the rising concerns about climate change, developers are realizing the importance of creating sustainable buildings that minimize their carbon footprint. Green buildings are not only environmentally friendly but also offer several benefits to the occupants, including improved air quality, natural light, and reduced energy consumption.'
Sharma highlights the importance of sustainable construction materials, waste management, and energy-efficient systems in green buildings. 'Developers need to adopt sustainable practices throughout the construction process, from selecting eco-friendly materials to implementing energy-efficient systems. This not only reduces the environmental impact of the building but also provides a healthy and productive environment for the occupants.'
The Maharashtra Real Estate Regulatory Authority (MahaRERA) has taken a significant step towards promoting sustainable construction practices by mandating developers to maintain separate bank accounts for project-related expenses. This will ensure transparency, financial discipline, and better monitoring of transactions.
The move is expected to minimize potential delays in project completion, ensuring that homebuyers receive their properties on time. Moreover, it will enhance the credibility of the real estate sector, fostering trust among homebuyers.
As the demand for green buildings continues to rise, developers are working towards creating sustainable and eco-friendly constructions that not only reduce their environmental impact but also provide a healthy and productive environment for the occupants. With the increasing awareness about climate change and environmental degradation, green commercial real estate is set to become the norm in the Indian real estate sector.
Frequently Asked Questions
What is the importance of green buildings in commercial real estate?
Green buildings are important in commercial real estate as they provide a healthy and productive environment for occupants, reduce energy consumption, and minimize their carbon footprint.
What measures has MahaRERA taken to promote sustainable construction practices?
MahaRERA has mandated developers to maintain separate bank accounts for project-related expenses, ensuring transparency, financial discipline, and better monitoring of transactions.
What benefits do green buildings offer to occupants?
Green buildings offer several benefits to occupants, including improved air quality, natural light, and reduced energy consumption, leading to a healthy and productive environment.
What is the future of commercial real estate in India?
The future of commercial real estate in India is shifting towards sustainable and eco-friendly construction, with green buildings becoming the norm.
What role do developers play in promoting sustainable construction practices?
Developers play a crucial role in promoting sustainable construction practices by adopting eco-friendly materials, waste management, and energy-efficient systems throughout the construction process.
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.