+
NAREDCO, IGBC & CII assures of steps for green realty
Real Estate

NAREDCO, IGBC & CII assures of steps for green realty

As climate concerns take centre stage globally amid the pandemic, the National Real Estate Development Council (NAREDCO) has assured to take steps towards creating awareness and adoption of green buildings across the country.

During a webinar on ‘India’s Leadership Role in Advancing Green Buildings’ jointly organised by National Real Estate Development Council (NAREDCO), Confederation of Indian Industries (CII) and Indian Green Building Council (IGBC), the apex bodies noted that the industry body and associated developers are firm believers of sustainable development.

NAREDCO, IGBC & CII noted that although the cost of green buildings is marginally higher, it is in greater good to go green. Further, it was of the view that India, which is now third globally in terms of green buildings after China and Canada, may well turn number one by 2022.

Addressing the webinar Dr. Surendra Kumar Bagde, Additional Secretary, Ministry of Housing and Urban Affairs, Government of India, who was the Chief Guest, stressed that a campaign should be run under the aegis of NAREDCO to spread awareness about the marginal cost difference between green and conventional buildings and the formers benefits.

He also said that all the required laws and regulations are in place to help developers construct green buildings. The official, however, noted that it needs to be seen whether cities in specific are adopting the norms to support growth of green buildings.

Rajeev Talwar, Chairman, NAREDCO, spoke for more and more greenery in cities. In many urban agglomerations it may not be possible, but the more vertical we go, the greater the chance that we can go green,”.

“Now city forests are a part of life and that’s where the government can step in,” he added.

On the energy conservation and greener steps by the industry as a whole, he said that not only rain water harvesting, water recycling should also be taken up expeditiously. Mr. Talwar said that its time mass transport moves towards electricity.

Responding to the call by Additional Secretary Dr. Bagde for a campaign for green buildings, Rajan Bandelkar, Vice President-West, NAREDCO, said that the realtors’ body NAREDCO has already signed a Memorandum of Understanding with IGBC. To start the initiative this is the first webinar to support the green buildings”. On the goal of NAREDCO towards green realty, the Vice President assured that the premier body of developers will provide all support towards this cause and assist the government with relevant data and research.

V. Suresh, Chairman, IGBC, underlined the significance of the various policy interventions of Govt of India and exuded confidence that the journey from green buildings to green built-environment will help India shift gears in its journey of becoming a leader in the green building movement.

Gurmit Singh Arora, Vice Chairman, IGBC, noted that India has been a global leader in the green buildings movement over the last two decades, with over 7.83 billion square feet of green footprint. “The contribution of all the stakeholders including government, developers and builders in the green journey has been phenomenal,” he added.

Among others who were present at the webinar were Sanjay Dutt, Sr. Vice President, NAREDCO Maharashtra and Managing Director, Tata Housing, Ravi Raheja, Group President of K Raheja Corp, Kishore Bhatija, Vice President, NAREDCO Maharashtra and Dr Chandrashekar Hariharan, Senior Fellow & National Executive Member CII IGBC.


Image source

As climate concerns take centre stage globally amid the pandemic, the National Real Estate Development Council (NAREDCO) has assured to take steps towards creating awareness and adoption of green buildings across the country. During a webinar on ‘India’s Leadership Role in Advancing Green Buildings’ jointly organised by National Real Estate Development Council (NAREDCO), Confederation of Indian Industries (CII) and Indian Green Building Council (IGBC), the apex bodies noted that the industry body and associated developers are firm believers of sustainable development. NAREDCO, IGBC & CII noted that although the cost of green buildings is marginally higher, it is in greater good to go green. Further, it was of the view that India, which is now third globally in terms of green buildings after China and Canada, may well turn number one by 2022. Addressing the webinar Dr. Surendra Kumar Bagde, Additional Secretary, Ministry of Housing and Urban Affairs, Government of India, who was the Chief Guest, stressed that a campaign should be run under the aegis of NAREDCO to spread awareness about the marginal cost difference between green and conventional buildings and the formers benefits. He also said that all the required laws and regulations are in place to help developers construct green buildings. The official, however, noted that it needs to be seen whether cities in specific are adopting the norms to support growth of green buildings. Rajeev Talwar, Chairman, NAREDCO, spoke for more and more greenery in cities. In many urban agglomerations it may not be possible, but the more vertical we go, the greater the chance that we can go green,”. “Now city forests are a part of life and that’s where the government can step in,” he added. On the energy conservation and greener steps by the industry as a whole, he said that not only rain water harvesting, water recycling should also be taken up expeditiously. Mr. Talwar said that its time mass transport moves towards electricity. Responding to the call by Additional Secretary Dr. Bagde for a campaign for green buildings, Rajan Bandelkar, Vice President-West, NAREDCO, said that the realtors’ body NAREDCO has already signed a Memorandum of Understanding with IGBC. To start the initiative this is the first webinar to support the green buildings”. On the goal of NAREDCO towards green realty, the Vice President assured that the premier body of developers will provide all support towards this cause and assist the government with relevant data and research. V. Suresh, Chairman, IGBC, underlined the significance of the various policy interventions of Govt of India and exuded confidence that the journey from green buildings to green built-environment will help India shift gears in its journey of becoming a leader in the green building movement. Gurmit Singh Arora, Vice Chairman, IGBC, noted that India has been a global leader in the green buildings movement over the last two decades, with over 7.83 billion square feet of green footprint. “The contribution of all the stakeholders including government, developers and builders in the green journey has been phenomenal,” he added. Among others who were present at the webinar were Sanjay Dutt, Sr. Vice President, NAREDCO Maharashtra and Managing Director, Tata Housing, Ravi Raheja, Group President of K Raheja Corp, Kishore Bhatija, Vice President, NAREDCO Maharashtra and Dr Chandrashekar Hariharan, Senior Fellow & National Executive Member CII IGBC. Image source

Next Story
Real Estate

Heena Lalwani Buys Rs 1.13 Billion Juhu Apartment

Heena Lalwani, promoter of Aatman Innovations Private Limited, has purchased a luxury apartment worth Rs 1.13 billion in Mumbai’s upscale Juhu locality, according to property registration documents accessed by Zapkey.com.The 9,862 sq ft apartment, located on the 10th floor of Lodha Developers’ Avalon Tower, was acquired at Rs 115,000 per sq ft and comes with five car parking spaces. The deal, registered on 18 August 2025, also included the payment of Rs 68 million in stamp duty and a Rs 30,000 registration fee.Lodha Developers did not respond to queries regarding the transaction, while the..

Next Story
Real Estate

Godrej Buys KPHB Land for Rs 7 Billion in E-Auction

An acre of prime land in Kukatpally Housing Board (KPHB), Hyderabad, was auctioned for Rs 7 billion, with the Telangana Housing Board generating Rs 5.47 billion from the sale of 7.8 acres through e-auction on 20 August 2025.The auction notification was issued last month, attracting bids from Godrej Properties, Aurobindo Realty, Prestige Estates, and Ashoka Builders, according to Board vice-chairman V.P. Gautham. With an offset price of Rs 4 billion per acre, the three-hour auction saw 46 bid increases, before Godrej Properties acquired the land.Revenue generated from the auction will be utilis..

Next Story
Real Estate

HMDA to Auction 93 Prime Plots in September

The Hyderabad Metropolitan Development Authority (HMDA) is preparing to conduct a three-day auction of prime open plots across Hyderabad, Rangareddy, and Medchal-Malkajgiri districts this September.According to official reports, the e-auction will take place on 17, 18, and 19 September, offering 93 plots. Of these, 70 are located in the Bachupally HMDA layout, with the remainder spread across Turkayamjal, Kokapet, Poppalguda, Chandanagar, Bairagiguda, Gandi Maisamma, Suraram, Medipally, and Bachupally village.The highest upset price has been fixed at Rs 175,000 per square yard for a land parce..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?