India contributes to about 7.3 per cent global emissions with real estate being one of the largest contributors, hence, the importance of sustainability in the sector cannot be overstated. The carbon emissions may reach 4.48 giga tonnes by 2030 from 2.88 giga tonnes in 2021, however, reduction in emissions by 22 per cent today can Neeraj Bansal, Partner, Co-Head and COO - India Global, KPMG in India.
keep 2030 emissions lower, at 3.48 giga tonnes.
Energy-efficient technologies such as automated HVAC systems, solar panels, and green roofs may result in 70 per cent less waste and 10 per cent savings in operational cost yearly. Notably, about 56 per cent of the stakeholders shared high importance for sustainable buildings since these may have 5-10 per cent higher valuation, high occupancy rates and allow them to be better positioned to succeed in a rapidly changing market.
It is time for the real estate sector to take a leadership role in promoting sustainability through buildings that are energy and resource-efficient and drive positive change for the environment and society as a whole.