How real estate helps in building a sustainable future?

 We have grown at an unparalleled rate as a firm and as a nation over the previous few decades. The pace of urbanization and household income will both accelerate in the following decade, providing us with enormous growth potential. All of this is taking place as the clock ticks down on the fight against climate change.

We've always been concerned about the environment. We love our children and believe that future generations deserve a better world.

In every part of our life, sustainability is becoming increasingly crucial. Companies, governments, and citizens are becoming more conscious of the influence of their decisions today on the world of tomorrow. Because of its extensive use of resources and land, as well as the fact that people's lives are centred around structures, the real estate business plays a critical role in the development of making this world sustainable.

Climate change and sustainable development have grown increasingly relevant in recent years. “It is known that as the market's top real estate company, we have a higher responsibility; we recognise that we must set the standard for high-quality, long-term development across India's price spectrum,” says Annuj Goel. As a result, it's critical to have the proper perspective on climate change, as well as the major transition and physical risk that global warming poses.



The real estate industry's drive to decarbonization

It is imperative that we strive for a carbon-free future. Buildings already account for 35 percent of India's energy usage, and this number is rising. Companies like ours can assist to reverse this trend by leading the way. The possibility is substantial. In India, the real estate sector is responsible for the majority of job creation and GDP multiplication, which drives the country's economic progress. The industry supports over 250 subsidiary industries, including cement, steel, brick, timber, and building materials.

As a result, decarbonizing the building portfolio also promotes sustainability across the value chain's upstream and downstream industries.

The effect of sustainability on the performance of buildings

Real estate is a capital-intensive asset with a long life-cycle, both in terms of usage and investment, by definition. It can also become functionally and operationally obsolete with time. Innovative procedures and new technologies, on the other hand, can offset the effects of obsolescence and, by improving a building's efficiency, flexibility, and resilience, increase the asset's value while also helping the environment.

Furthermore, a sustainable real estate strategy may include the energy-efficient renovation of existing properties in underserved areas. Not only would this reduce the building's carbon footprint, but it would also aid in the revitalization of the surrounding region. A well-renovated building attracts potential tenants, which helps to make the neighbourhood more active (creation of shops, etc). This may attract additional investors who are following the same strategy, allowing for the development of a premium offer.

To summarize, we can see that green buildings are becoming increasingly popular. They are tangibly viable as an investment. Demand is rising, regardless of how sustainability features are incorporated into real estate. Anuj Goel Ganga is thrilled to contribute to making a positive impact on the world through real estate as the market progresses towards a more sustainable future.

“We've designed and begun implementing a decarbonization strategy at Goel Ganga Developments, which specifies essential tasks and milestones. We want to pave our own route and help India make the transition to net zero carbon buildings,” says Annuj Goel Pune.

This is, however, a multi-year journey. There are various major techniques we use in our processes as we go forward to establish a zero-carbon environment. These processes include holding workshops with all stakeholders, utilizing renewable energy supply sources, using integrative design principles, and setting performance targets.

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