Smart and Sustainable Real Estate Trends You Cannot Miss

The Indian real estate market is taking huge strides towards sustainability! People are looking for homes and buildings that are good for the environment and packed with the latest technology.

According to The Economic Times, in 2023, India ranked third globally in the United States Green Building Council's (USGBC) Leadership in Energy and Environmental Design (LEED) certification list, which is a clear indication of the positive impact and progress of Indian real estate towards its goal of sustainability.?

AsmitA India Realty dedicatedly follows the latest sustainability trends in the real estate market. In our most recent project, AsmitA Grand Maison, we have incorporated several sustainable practices to ensure that you live not just a luxurious lifestyle, but a meaningful and conscious one too.

Smart Technologies in Real Estate

Smart technologies have become essential for real estate firms aiming to achieve sustainability goals. According to the US Green Building Council (USGBC), LEED-certified buildings report 20% lower maintenance costs, while green buildings reduce operational costs by 10% annually.

Here are some of the latest advancements and innovations in the real estate market:

• IoT Integration and Smart Homes

The Internet of Things (IoT) has revolutionized real estate by enabling interconnected devices to automate functions within homes and buildings. Smart thermostats, lighting systems, security cameras, and voice-activated assistants enhance convenience, security, and energy efficiency.

• Integration of Renewable Energy Resources

Renewable energy sources are now integral to real estate development. As of June 2023, India has 2,735 megawatts of installed solar rooftop capacity (Statista). Solar panels and wind turbines reduce dependency on fossil fuels, lower energy costs, and contribute to a sustainable environment.

• Green Construction Technologies

According to the India Green Building Council, residences with green technologies in India reduce water consumption by 30-50% and cut energy costs by 20-30% compared to conventional buildings. These technologies enhance buildings' sustainability and appeal to modern consumers and investors.

• Atmospheric Water Generator Technology (AWG)

Atmospheric Water Generator (AWG) technology utilizes cooling processes to condense moisture, producing clean drinking water. AWG systems integrated into buildings offer a sustainable solution to water scarcity, reducing reliance on traditional water sources.

Examples of Smart Features

• Smart Lighting: LED smart lights, as highlighted by Grand View Research, consume 70% less energy compared to traditional lighting solutions.
• Energy-Efficient Appliances: Modern appliances with high Energy Star ratings effectively reduce energy consumption without compromising functionality.
• Automated Window Shades: These shades regulate indoor temperatures by adjusting sunlight exposure based on the time of day or prevailing weather conditions.
• Home Automation Systems: Centralizing control over various home systems enhances convenience and efficiency for homeowners.

Sustainable Building Practices & Their Importance

AsmitA Grand Maison is committed to staying at the forefront of sustainability trends, offering a range of practices to create healthier living spaces and contribute to a greener future. Some of these sustainable building practices include:

• Solar Panels: As part of Pradhan Mantri Surya Ghar Muft Bijli Yojana, AsmitA Grand Maison integrates residential rooftop solar panels. This initiative underscores the commitment to sustainability by promoting the adoption of renewable energy sources and reducing reliance on traditional power grids.
• Rainwater Harvesting: By collecting and storing rainwater, AsmitA Grand Maison conserves water, reduces strain on municipal supplies, and enhances sustainability in building operations.
• Low-flow Toilet Fittings: Providing fixtures that conserve water resources, reduce utility costs, and support sustainable building practices.
• Smart Lighting: Utilizing sensors and timers, AsmitA Grand Maison adjusts lighting based on occupancy and natural light to optimize energy usage effectively.
• Organic Waste Composting: Promoting recycling and reducing waste disposal costs by composting organic waste, creating valuable fertilizer.
• Sewage Treatment Plant: On-site sewage treatment plants at AsmitA Grand Maison treat and recycle wastewater, offering an eco-friendly solution for managing sewage.
• Recycling Dry Material Waste and Cement Bags: Recycling dry materials and cement bags minimizes landfill use and promotes sustainable building practices.
• Repurposing Excavated Materials: Using excavated materials for internal roads and other construction needs reduces resource consumption and environmental impacts.
• Electric Charging Stations: Dedication of significant space for electric vehicle charging stations supports the adoption of electric vehicles, contributing to sustainable transportation solutions.

The Importance of Sustainable Building Practices

According to the World Green Building Council, buildings account for 39% of global energy-related carbon emissions, with 28% from operations and 11% from materials and construction. Implementing sustainable practices not only reduces this environmental impact but also conserves resources and promotes a healthier living environment.

The Rise of Green Buildings

Green buildings, designed with sustainability in mind, have become increasingly critical. These buildings prioritize energy efficiency, water-saving technologies, and the use of eco-friendly materials.

According to the Indian Green Building Council (IGBC), this movement has led to significant annual savings: 23.5 billion KWh of energy, 72.3 billion litres of water, and a reduction of approximately 19 million tons of CO2 emissions. Additionally, it helps divert nearly 2.5 million tons of construction waste from landfills each year.

How Sustainability Impacts Property Values?

Homes and buildings equipped with energy-efficient technologies, renewable energy sources, and green certifications often command higher market values and appeal to eco-conscious buyers.

According to the JLL-CRE Matrix Report, the coverage of green buildings in the Indian real estate market has increased significantly from 39% in 2020 to 53% in 2023. Green-certified offices enjoy a rental premium of 9–13% and higher occupancy levels by 300–500 basis points compared to conventional properties, highlighting their growing attractiveness and market value. Additionally, these properties typically have lower operating costs, making them appealing investments.

Takeaway

Smart technologies and sustainable practices in real estate are not just trends but necessities for a better future. Keeping informed about these advancements in the industry is crucial. Taking steps towards sustainability can build a greener, more secure future for generations to come.

At AsmitA India Realty , we are committed to promoting sustainability across all our projects. We encourage the Indian real estate market to join us in moving towards a more responsible, environmentally conscious future. Let's embrace sustainability now, before it becomes imperative.