Sustainable real estate: Net-zero projects define new landscape for realty in India
Solar rooftops, wind turbines, water management, composting, waste recycling. These are the buzz words when it comes to real estate projects currently. The spotlight is on developers and occupiers to deliver sustainable and net-zero projects for a reduced carbon future.
A recent study by JLL ‘Sustainable real estate: India’s response to a greener future’ also points out that a majority of occupiers (93%) agree they will proactively prioritise locations that help them reduce carbon emissions in the future and investors (65%) agree that they would prioritise investing in cities that are climate change progressive. As many as 57% occupiers have achieved green building certification and 40% aspire to have market-recognised sustainability certification for their portfolio by 2025. As many as 34% of respondents say they are paying 7-10% premium rents for sustainability certification and 32% are paying 4-7% premium.
