NAREDCO Maharashtra Partners with IFC to Boost Sustainable Real Estate
Real Estate

NAREDCO Maharashtra Partners with IFC to Boost Sustainable Real Estate

NAREDCO Maharashtra has entered into a strategic partnership with the International Finance Corporation (IFC) EDGE team. This collaboration has come to fruition due to the efforts of the NextGen team, which played a key role in facilitating the partnership. They will work together to unlock global financing opportunities that will not only drive growth in the real estate sector but also focus on sustainable practices, ensuring that India moves towards a greener, more environmentally conscious future.

The Letter of Collaboration was signed by Diep Nguyen van-Houtte, Global Senior Manager of the Climate Business Department at IFC; Autif Sayyed, Green Building LEAD for South Asia at IFC; and Ridham Gada who signed it on behalf of NAREDCO Maharashtra. Ridham Gada is currently the President of NAREDCO Maharashtra NextGen.

According to this partnership, the IFC EDGE team will provide technical expertise on green building standards by conducting knowledge sessions at selected NAREDCO chapters, offering free EDGE expert training programs, and facilitating the representation of developers with EDGE-certified projects at EDGE Expert Café events and other regional gatherings.

At the same time, NAREDCO Maharashtra will support these efforts by organizing knowledge sessions with various NAREDCO chapters, advocating for the inclusion of EDGE standards in local and state incentive programs, and championing EDGE representation at NAREDCO-hosted events. This collaboration promises to empower NAREDCO’s member community with the tools and insights needed to drive the widespread adoption of sustainable real estate practices, positioning Maharashtra as a leader in green building development.

Prashant Sharma, President, NAREDCO Maharashtra, remarked, “This partnership with the IFC EDGE team marks a pivotal moment for the real estate sector in Maharashtra. IFC’s unparalleled expertise in sustainable development and their global experience in financing green projects resonate with our vision to create a future where sustainable buildings are the norm. Collectively, we will enable stakeholders to spearhead meaningful, sustainable change and create environmentally-friendly, intelligent cities of the future.”

Ridham Gada, President, NAREDCO Maharashtra NextGen, added, “As the next generation of leaders in real estate, we are deeply committed to shaping a sustainable future. Our collaboration with IFC is a leap forward in creating a culture of sustainability among young professionals and the industry at large. This partnership will not only reshape the way we build today, but it will lay the foundation for how we live tomorrow, ensuring that the projects we undertake today continue to benefit future generations.”

Through these concerted efforts, NAREDCO Maharashtra aims to empower the real estate industry to build smarter, more sustainable cities that meet the challenges of climate change, reduce carbon footprints, and contribute to a greener, more resilient future for the people of Maharashtra. This partnership will lay the foundation for not only better construction practices but also a more environmentally responsible approach to urbanization in India.

NAREDCO Maharashtra has entered into a strategic partnership with the International Finance Corporation (IFC) EDGE team. This collaboration has come to fruition due to the efforts of the NextGen team, which played a key role in facilitating the partnership. They will work together to unlock global financing opportunities that will not only drive growth in the real estate sector but also focus on sustainable practices, ensuring that India moves towards a greener, more environmentally conscious future. The Letter of Collaboration was signed by Diep Nguyen van-Houtte, Global Senior Manager of the Climate Business Department at IFC; Autif Sayyed, Green Building LEAD for South Asia at IFC; and Ridham Gada who signed it on behalf of NAREDCO Maharashtra. Ridham Gada is currently the President of NAREDCO Maharashtra NextGen. According to this partnership, the IFC EDGE team will provide technical expertise on green building standards by conducting knowledge sessions at selected NAREDCO chapters, offering free EDGE expert training programs, and facilitating the representation of developers with EDGE-certified projects at EDGE Expert Café events and other regional gatherings. At the same time, NAREDCO Maharashtra will support these efforts by organizing knowledge sessions with various NAREDCO chapters, advocating for the inclusion of EDGE standards in local and state incentive programs, and championing EDGE representation at NAREDCO-hosted events. This collaboration promises to empower NAREDCO’s member community with the tools and insights needed to drive the widespread adoption of sustainable real estate practices, positioning Maharashtra as a leader in green building development. Prashant Sharma, President, NAREDCO Maharashtra, remarked, “This partnership with the IFC EDGE team marks a pivotal moment for the real estate sector in Maharashtra. IFC’s unparalleled expertise in sustainable development and their global experience in financing green projects resonate with our vision to create a future where sustainable buildings are the norm. Collectively, we will enable stakeholders to spearhead meaningful, sustainable change and create environmentally-friendly, intelligent cities of the future.” Ridham Gada, President, NAREDCO Maharashtra NextGen, added, “As the next generation of leaders in real estate, we are deeply committed to shaping a sustainable future. Our collaboration with IFC is a leap forward in creating a culture of sustainability among young professionals and the industry at large. This partnership will not only reshape the way we build today, but it will lay the foundation for how we live tomorrow, ensuring that the projects we undertake today continue to benefit future generations.” Through these concerted efforts, NAREDCO Maharashtra aims to empower the real estate industry to build smarter, more sustainable cities that meet the challenges of climate change, reduce carbon footprints, and contribute to a greener, more resilient future for the people of Maharashtra. This partnership will lay the foundation for not only better construction practices but also a more environmentally responsible approach to urbanization in India.

Next Story
Infrastructure Energy

J&K CM Rules Out Power Privatisation, Focuses on Sector Reform

Jammu and Kashmir Chief Minister Omar Abdullah has dismissed speculation regarding privatisation of electricity in the Union Territory, emphasising that his priority is to strengthen and reform the power sector.“We are not discussing privatisation. By reducing losses, improving billing efficiency, and enhancing revenue, there will be no need for it. My vision is to strengthen and reform the power sector in J&K,” Abdullah stated.He addressed the gathering at the 58th Engineers’ Day at SKICC on Monday evening, an event honouring Bharat Ratna Sir M Visvesvaraya for his pioneering contri..

Next Story
Infrastructure Urban

Mumbai’s Sassoon Dock to Get Tech-Driven Modernisation with Finland

The Maharashtra government, in collaboration with Finland, will modernise Mumbai’s historic Sassoon Dock using advanced technology, state minister Nitesh Rane announced on Wednesday.Rane met a delegation of Finnish officials and representatives of Finnish companies at the dock to discuss strategic plans for upgrading the facility in south Mumbai, according to an official statement.Built in the 19th century, Sassoon Dock is one of Mumbai’s oldest and busiest fishing harbours. Operations currently exceed its original capacity, raising concerns over hygiene, odour, fish handling standards, an..

Next Story
Infrastructure Energy

Agarwal Industrial Wins Rs 3.3 Billion IOCL Bitumen Tender

Agarwal Industrial Corporation rose 3.84 per cent to Rs 945.65 after announcing it had secured a prestigious tender from Indian Oil Corporation (IOCL) worth Rs 3.3 billion.In a regulatory filing during market hours, the company confirmed it had won the tender to supply Bulk Bitumen (VG-30 and VG-40 grades) to IOCL’s Kakinada locations.The firm quantity under the award totals around 60,500 tonnes across 11 parcels, while the optional quantity is approximately 33,000 tonnes across six parcels. This brings the total awarded quantity to roughly 93,500 tonnes. At current market prices, the firm o..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?