Availability Of Green Real Estate Assets In India Up 37% In Last 5 yrs

India experienced a 37% increase in green real estate assets or buildings available that are environmental, social, governance sympathetic in the last five years, implying increased awareness in the real estate sector for inculcating sustainability, as said by CBRE South Asia's report. 

The report Indian Real Estate’s ESG Landscape and its Progress to a Sustainable Future stated that the past five years marked a push towards green buildings; increasing 37% supply of certified buildings, with an additional 78 million sq. ft. of certified stock, contradicted to 2012-2016. 

Over the past decade, green real estate investments in the top six cities in India grew extensively, with their shares increasing from 24% in 2011 to 31% in 2021.  

It also stated that certified stock also increased considerably, at a CAGR of 10.7%, compared to 7.7% for the overall stock, since 2011. 

The report further said that NCR and Hyderabad lead the row in terms of the share of certified buildings in their respective total stock, with a 44% share each. 

Gurjot Bhatia, Managing Director, CBRE, said “Convergence of global challenges has emphasized ESG issues and put a spotlight on CRE leaders' purpose and mission,” Gurjot Bhatia, Managing Director, CBRE, said.