Each day as we tune into the news, we are riddled with news articles about increasing temperatures, climate change, floods and freak storms, pollution levels, and carbon emissions. These are indicators of a fundamental change that the planet is going through, a change which can be catastrophic to our existence and survival. The only way to combat this massive transformation is by remaining steadfast in our commitment to Agenda 21 and going green. The very first step to doing this is by transitioning to sustainable real estate development.
According to recent studies, over a third of the greenhouse gas emissions of the world are attributed to building and construction work. The constructed world is an energy guzzler and consumes nearly 40% of all energy used by the world. Sustainable real estate development is the key to living a clean, green life in harmony with resources that will enable future generations to continue enjoying the beauty and bounty of the planet. With incentives and encouragement from the central and state governments, some of the top developers in India have started adopting sustainable practices. As a result, investment in sustainable, green real estate has started to take off. Let us take a look at some of the top benefits of sustainable real estate development before we understand the growing demand for green housing in the country.
The demand for green housing in India is on a steady upward curve. With more people realising the benefits of living in eco-friendly projects, sustainable living has gone from being a trend to being one of the top priorities of home buyers in the country, particularly in cities like Mumbai and Delhi. As of 2021, the market for green real estate was valued at USD 21 billion, making India one of the largest in the world.
Being the most populous country in the world, it is not easy for us to achieve our sustainability targets, but a firm commitment on the part of the administration, the real estate sector and its key players and homebuyers will keep India on track.
Green, sustainable housing is just what India needs. Some of the major metropolitan areas of our country are ranked among the most polluted cities worldwide. Only by reclaiming the focus on greenery, ecological living, and sustainability can we balance a burgeoning population with adequate resources for all. While there is a lot of debate about the future of sustainable living, it is time to acknowledge that our survival depends on green practices. The evolution of technology and innovation can be the tools we use in this endeavour. Green, sustainable real estate is just what India needs.
Vastu is an ancient Indian system of architecture and design that aims to create harmony between humans and nature by balancing the five elements - earth, water, fire, air and space.
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