Availability of green real estate investments in India up 37% over the last 5 years: report

Over the past decade, green real estate investments in the six largest cities in India – NCR, Mumbai, Pune, Hyderabad, Bangalore and Chennai –

Over the past decade, green real estate investments in the six largest cities in India – NCR, Mumbai, Pune, Hyderabad, Bangalore and Chennai –

India has seen a 37% increase in the availability of green real estate investments or buildings that are ESG (environmental, social, governance) compliant over the past five years, reflecting an increased awareness in the Indian real estate sector of incorporating sustainability into its investments suggests , according to a new report from real estate consultancy CBRE South Asia.

“In the last five years there has been a significant push towards green buildings; Compared to the previous five years (2012-2016), the Indian Real Estate’s ESG Landscape report recorded a 37% increase in the supply of certified buildings, adding 78 million square feet of certified inventory and its progress toward a sustainable future.” explained.

Over the past decade, green real estate investments have grown tremendously in India’s six largest cities – NCR, Mumbai, Pune, Hyderabad, Bangalore and Chennai – with their share of total office stock increasing from 24% in 2011 to 31% in 2021 Certified shares were also up significantly, growing at a CAGR of 10.7%, compared to 7.7% for the stock as a whole since 2011, she added.

The report further added that NCR and Bangalore together account for about 54% of the total certified office stock in India. While NCR and Hyderabad lead in terms of the percentage of certified buildings in their respective total portfolio with 44% each; followed by Chennai with 37%. Meanwhile, Mumbai (16%) and Pune (15%) have significant potential to improve their share of this parameter.

“The convergence of global challenges has increased the focus on ESG issues and shone the spotlight on the purpose and mission of Corporate Real Estate (CRE) leaders,” said Gurjot Bhatia, Managing Director — Project Management, CBRE India, Middle East and NorthAfrica.

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