Environment-friendly green buildings in Mumbai Metropolitan Region (MMR) have seen a sharp rise since 2019 with 15 new buildings obtaining Leadership in Energy and Environmental Design (LEED) certification, and 48,89,993 sq ft of gross floor area receiving the certification this year (over the last 10 months), according to a research report by international property consultants, Knight Frank India. It ranks sixth on the national index of Tier-1 cities.
Investors are increasingly taking into account sustainable, ethical, and responsible business practices when evaluating the risk and performance of a company and the real estate industry is moving rapidly towards environmental, social, and governance (ESG) values, especially in commercial real estate.
