The Rise of Sustainable Real Estate: A Business Imperative

Sustainability in real estate is now a necessity. As of 2024, India has over 11,053 green projects spanning 10.27 billion sq. ft., with LEED-certified spaces accounting for 7.23 million GSM. Green certifications are essential, with certified buildings commanding a 12-14% premium due to increased demand from eco-conscious tenants and investors.?

??

The Economic and Environmental Case for Sustainability?

Buildings contribute 37% of global carbon emissions and 34% of global energy consumption. Adopting sustainable practices such as energy-efficient designs, renewable energy, and green leases can reduce these impacts. Key benefits include:?

Cost Savings: Green buildings cut energy use by 20-30% and water consumption by up to 50%, lowering operational costs.?

Future-Proofing: Net-zero buildings retain market value as regulations and standards evolve.?

Financial Gains: India’s green building market, valued at $29.2 billion in 2022, is growing at 7.5% CAGR, driven by demand for sustainable spaces.?

Responsible Leasing: A Collaborative Future?

Green leases promote sustainability through collaboration between landlords and tenants. JLL reports that half of Indian occupiers prioritize green leases, highlighting the increasing commitment to sustainability.?

GMR Aerocity Hyderabad: A Sustainable Hub?

GMR Aerocity Hyderabad is a prime example of sustainable development, with certifications like IFC EDGE for energy efficiency, IGBC for green building standards, and Green Key Certification for hospitality sustainability. ?

Sustainability features at the Aerocity include energy-efficient HVAC systems, a 60 kWp solar plant at Tower 2, a 650 kWp solar plant powering GMR Arena and Novotel, a 180 KLD Sewage Treatment Plant, advanced water conservation systems, and EV charging stations. The Novotel Hyderabad Airport has installed a water bottling plant to eliminate the disposal of 20,000 plastic bottles per month, further emphasizing its commitment to sustainability.?

??

Designed to support businesses’ eco-friendly goals, GMR Aerocity Hyderabad ensures sustainable growth for its partners.?