Green Revolution: Sustainable Living Reshapes Indian Real Estate Market

The demand for eco-friendly homes has significantly impacted the Indian real estate market. Developers are increasingly incorporating green technologies and sustainable practices into their projects. A report highlights the market's growth, with green buildings projected to contribute USD 39 billion by 2025.

As the world grapples with climate change, a shift toward eco-friendliness in lifestyle choices is impacting the real estate market. Homebuyers now prefer properties that consume less energy, have a smaller carbon footprint, and incorporate green technologies. This trend is driving developers to adopt sustainable practices and innovative technologies.

A report by Resurgent India and NAREDCO indicates that India's green buildings market is expected to grow substantially, contributing USD 39 billion by 2025. 'The surge in demand for sustainable living spaces reflects a massive societal shift towards eco-consciousness,' says Dr. Gautam Kanodia, Founder of Kanodia Group. The luxury homes segment is evolving, guided by this trend.

Green certifications such as LEED and BREEAM ensure that buildings are constructed and operated in an environmentally responsible manner. 'These certifications are crucial for eco-conscious buyers,' states Harsh Gupta, CEO of Sundream. As developers integrate these certifications into their projects, they ensure higher living standards and align with the growing emphasis on sustainability in real estate.

(With inputs from agencies.)