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CREDAI green building: CREDAI to certify 1 lakh homes, 25 million sq ft of commercial real estate with green building certifications


The Confederation of Real Estate Developers’ Associations of India, (CREDAI), said that it will certify 1 lakh homes and 25 million sq ft of commercial real estate with green building certifications every year. The organisation has directed the developers who are part of the organisation to ensure all the projects developed by them is compliant for green building certifications.

“Most of our member developers are following the norms and those who are not doing, have been told to do it now. This is the target for first year as we will continue to increase the target,” said Boman Irani, President, CREDAI.

Green-certified office stock in India has increased by over 36% since 2019 to about 342 million sq ft across top six cities in India due the growing focus of developers and occupiers on sustainability.

Bengaluru, Delhi-NCR and Mumbai are among the top 3 cities spearheading green-compliant office spaces with a cumulative share of 68% of the total, green-certified office stock in India. Certified green office stock also increased substantially, growing at a CAGR of 7.1% in the last 5 years, according to CBRE.

“We have strategized a 5-point plan and encouraging initiatives like green construction and workforce upskilling and utilize the resources of this country as well as make it a more a sustainable world for the future generations. CREDAI also signed an MoU with Energy Efficiency Services Limited (EESL) and promote energy efficiency. These collaborations will help economic growth in Tier 2 and Tier 3 cities, while also supporting faster and further energy efficiency improvement in India through experience and knowledge sharing,” said Irani.

CREDAI also signed a Memorandum of Understanding (MoU) with World Trade Centers Association (WTCA) for promoting trade and ensuring world class commercial properties are developed in India focusing on Tier 2 and Tier 3 cities. “Real estate has been one of the greatest amplifiers of the Indian economy. We wish to lay the foundations for a greener, more futuristic India that is socially responsible and pledges to give more than they take,” said Manoj Gaur, Chairman, CREDAI.To empower the construction workforce, the association in partnership with the National Skill Development Corporation (NSDC) and the Government of India, aims to upskill 5 lakh construction workers in the next two years. CREDAI will also undertake renovation projects in 1,000 government schools. These projects will focus on upgrading toilets, drinking water facilities, and creating smart classrooms to provide students with a more conducive learning environment.

CREDAI has over 13,000 members across 21 states and 230 city chapters.


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