India's Top 10 Real Estate Giants Leading the Clean Energy Charge
Real estate giants are following the concept of green and sustainable pathways, which has garnered significant attention worldwide, and India is no exception. The real estate industry in India is witnessing a paradigm shift towards green and sustainable homes, making them the future of real estate in the country. Green buildings can save up to 30 percent energy and 50 percent water. Homes favor the use of renewable energy sources such as solar energy and wind power, reducing dependence on fossil fuels and reducing carbon emissions. One of the primary goals of green and sustainable homes is to reduce the carbon footprint. Such homes incorporate innovative design elements and utilize renewable energy sources such as solar power and wind power. Here are the top 10 real estate companies leading clean energy charge.
Godrej Properties brings the Godrej Group philosophy of innovation, sustainability, and excellence to the real estate industry. Each Godrej Properties development combines a 125-year heritage of excellence and trust with a commitment to cutting-edge design, technology, and sustainability. Godrej Green Estate comes with state-of-the-art amenities like a clubhouse spread over two floors, designed to enhance the perfect indoor moments. It includes a library, crèche, mini theater, health club, table tennis, billiards, badminton, and squash courts. The outdoor landscape will include a tennis court, swimming pool, children's play area, and a banquet hall. This wide range of amenities ensures something for everyone in the family and offers a holistic lifestyle. In addition, the project offers sustainable integrated facilities such as rainwater harvesting systems, solar panels, and other green initiatives aimed at reducing the carbon footprint and providing a healthy environment for residents.
India's pioneer real estate developer, DLF, has played a key role in transforming the country's urban landscape. In a little over seven decades, the real estate pioneer has successfully repositioned itself as the country's key growth partner with an iconic portfolio of over 31.25 million square feet across a diverse spectrum of verticals. The secret to this success is the huge commitment to continuous improvement that underpins all of its operations. But what sets DLF offices apart is their vision to ensure operational excellence in an environmentally sustainable manner. While the development of the built environment has indeed contributed to India's success, it is also important to recognize its impact on the environment. According to the latest industry reports, the built environment ecosystem is responsible for around a quarter of the world's greenhouse gas (GHG) emissions. In light of this fact, an expert aware of his responsibility to society has turned this challenge into an opportunity to create tangible, positive change in the ecosystem in which we thrive.
Sobha Realty, a luxury real estate developer, is one of the pioneering reverse-integrated real estate companies with all the key competencies and internal resources to execute multiple projects simultaneously. Founded in 1976 by visionary entrepreneur PNC Menon, the company has redefined the art of living over the past four decades, expanding its presence in the UAE, Oman, and India. Last year, the company achieved record sales of more than $2.5 billion and delivered more than 4,000 units to the market. The sales targets for 2023 were set significantly higher.
Sustainable development is rooted in the company's philosophy - a value that is also clearly visible in its projects. As proof of this, the company developed and published its internal ESG report in 2022 in accordance with the global principles of the Global Reporting Initiative and the sustainability goals set by the United Nations. The company also pledged to support the UAE government in achieving its net-zero goals by 2050.
Climate change is the biggest crisis in the world today. Most of us in cities are experiencing its effects in many ways, such as increased heat waves, limited water supplies, increased frequency and intensity of urban flooding, and unpredictable weather. As governments debate mitigation measures, businesses and individuals are also doing their part. The construction industry is a pioneer in this direction. Perhaps it comes from the early realization that we contribute about 40 percent of global greenhouse gas (GHG) emissions. The company consciously strives for sustainability in all its projects. To truly understand the depth and scope of these practices, consider our sleek 30-story commercial tower, Commerz II, the destination of choice for high-end conglomerates. Pre-certified LEED Gold — (Core & Shell) by the USGBC, this building is known for its exemplary use of technology along with various environmental measures and sustainability practices.
K Raheja Corp
The development of the Net Zero Concept is dependent on renewable sources that produce as much energy as they consume. Buildings that produce a surplus of energy are called energy-plus buildings, and buildings that consume slightly more energy than they produce are called near-zero energy buildings. Energy measurement is throughout the year. One of its many features is that it does not rely on any external energy source or water. Renewable energy sources, such as solar panels, wind turbines, etc., are among the technologies used to achieve net zero.
Known for its commitment to environmental sustainability, Brigade Group plans to preserve more than 500 trees as part of the project, emphasizing the importance of preserving the natural landscape. Bangalore-based real estate company Brigade Enterprises is all set to launch a major residential project in the city, introducing Brigade Sanctuary, a sprawling development on Whitefield-Sarjapur Road. The housing project, a joint venture comprising 1,275 units, is poised to contribute substantial revenues of around Rs 2,000 crore to the company's portfolio.
Brigade Group Managing Director Pavitra Shankar says a notable increase in demand for premium residences in Bengaluru, particularly among millennials, citing growing preferences for houses and community living. The project, which comprises a total development area of approximately 2 million square feet, is in line with this demand trend.
Sustainable living is living in a way that aims to reduce our negative impact on the environment. Basically, it means living in harmony with the earth and reducing our carbon footprint. Since the industrial revolution, humans have been using the earth in many ways, which has had an extreme impact on the planet, which is now witnessing an ecological crisis of epic proportions. Sustainable living aims to reduce this impact on the planet and live in harmony with the earth. This includes various means such as the use of electronic vehicles, organic waste conversion, solar lighting options, rainwater harvesting, etc. As green awareness becomes more and more common, sustainable living is now the new standard. Gone are the days when people focused only on themselves. It is now the norm to focus on the environment as a whole and try to live in a way that does not negatively impact our surroundings and our planet as a whole.
"As more and more individuals are moving towards sustainable lifestyle choices, renowned development companies like Prestige Group have taken notice and are making major strides towards sustainable living in their upcoming projects."
Dependence on energy has been central to the existence of human civilization from the Stone Age to the present day. In the context of India, Puravankara is said to be the largest energy consumer, and out of that, energy consumption in building blocks accounts for 33 percent of the country's energy consumption. And what is rather alarming is that it is growing at an annual rate of eight percent. In the last two decades or so, there has been an overwhelming migration of people from rural areas to urban areas in search of better opportunities, education, and living standards. This sparked a real estate boom in the country's urban areas, leading to numerous residential and commercial projects; ultimately, it will increase the total energy consumption several times.
Shriram Properties Limited
Shriram Properties Limited is one of the leading residential real estate developers in South India, primarily focusing on mid-sized and affordable housing. One of the major real estate companies in Bangalore is following the green path. They also represent the categories of premium and luxury middle-class housing, the category of commercial and office space, and the category of planned development with a sustainable approach.
Sunteck Realty aims to achieve greater efficiency in energy, water, and material management for its projects compared to basic buildings with sustainable and green strategies such as efficient building envelope design, energy-efficient lighting, low water flow plumbing fixtures, rainwater harvesting water, and using recycled and local materials.
Sunteck Realty Chairman & Managing Director, Kamal Khetan, says, “Our Green buildings are an attempt to provide quality craftsmanship, luxury and comfort sustainably. While ensuring the residents not only have a good quality of life but also a sense of pride in protecting the environment. Sunteck is proud to contribute to the mission and inspire everyone to adopt sustainable measures for a greener tomorrow.”