Jones Lang LaSalle India’s latest research report Upscaling Indian Real Estate discusses the roles of various stakeholders – architects, builders and the government in preparing and upscaling the Indian real estate market on five broad aspects:
Taking action on India’s environmental crisis is no longer an option – it is a necessity. Sustainable real estate presents India with an unique and enormous opportunity to make concrete progress in the country’s effort to improve its environment. There is greater consciousness towards the environmental crisis in India with terms such as sustainable development, corporate social responsibility and triple bottom reporting becoming more common in the real estate industry. Nevertheless, despite the ever rising construction activity, awareness of sustainability in India has significantly lagged behind countries in the West.
‘India’s Green Footprint – Sustainable Real Estate’s Growing Momentum in India’ highlights the green building rating systems being used in India, the corporate occupiers who have opted to go green, and the contributions being made by Indian developers and Government authorities. It offers new insight into the forces that are driving change in this fast-emerging real estate market.
What really IS ‘sustainability’ in real estate terms? I think a fair definition would be ‘addressing the demands of the present without compromising the ability of future generations to meet their own needs’. In view of what is happening to the planet today, it is certainly an important consideration. India is no exception to the rule that a sustainable future calls for sustainable action in the present, especially in terms of residential real estate.