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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