Business News | Colliers: About 80-85% of Office Leasing is Expected in Green-certified Buildings; Green Office Inventory to Reach ~ 700 Million Sq Ft in Next 2-3 Years
Get latest articles and stories on Business at LatestLY. Ahmedabad (Gujarat) [India], April 18: India's real estate sector is undergoing a major transformation, with sustainability emerging as a key cornerstone and growth driver across asset classes. Real estate and construction accounts for nearly 40% of the global carbon emissions and thus built environment in India is increasingly stepping up decarbonization efforts to achieve sustainability goals. Rising environmental awareness, stricter regulations, and sustainability goals are accelerating the pace of green building adoption in the country. The role of real estate sector is particularly vital in embracing sustainability across the value chain and pave way for a carbon-neutral future. Overall, green building footprint across asset classes has nearly doubled over the last five years to reach 13 billion sq ft in 2024. As of 2024, more than 2 million residential dwelling units, 6,500 commercial projects and 750 industrial projects were green-certified and sustainability…
18 Apr 02:40 · LatestLY