Sustainable Housing to be adopted by the Developers

Undoubtedly, the future of the real estate industry is sustainable housing. Architects and Builders are working towards creating buildings with sustainable infrastructure, green housing concept with good air quality, spaces for social gatherings and better concept to manage resources and waste. As per the current industry report, developers will look forward to integrating sustainability criteria into prime office buildings, new cities and individual homes. Therefore, in order to secure the future of the next generation, the investments in the designs that support sustainability is expected to increase.

Prior to the on-going pandemic of COVID19, the real estate fundamentals were strong with leasing activity, launch of new projects, available capital, and strong market demand. Due to the pandemic COVID19, Real Estate sector is also impacted badly. Migration of labour to their hometowns due to lack of work also had its impact on the economy and have affected sentiments in real estate. However, due to recent re-opening of the economy, the Realty sector has also started a process of revival with renewed consumer interest.

Real estate sector in India is expected to reach US$ 1 trillion by 2030. By 2025, it will contribute 13 per cent to country’s GDP. It is important for the stakeholders to push forward the growth of this sector. I strongly believe this sector has the potential to produce a lot of jobs and provide the necessary impetus to our economy.

GEM is a Green Building Certification to complement and strengthen India’s Mission towards Sustainability. The Green Building Certification is not the choice but the need of the hour now