Residential buyers to pay more premium for green buildings
Real Estate

Residential buyers to pay more premium for green buildings

According to a recent report, residential buyers are showing a notable inclination to pay a premium of 5-10% for green buildings. This trend underscores a growing awareness and preference for environmentally sustainable housing options among consumers.

The study highlights a shifting mindset among homebuyers, who are increasingly prioritising sustainability and energy efficiency when making purchasing decisions. Green buildings, which are designed to minimise environmental impact and maximise resource efficiency, are becoming increasingly attractive to discerning buyers seeking eco-friendly living spaces.

The willingness of residential buyers to pay a premium for green buildings reflects their recognition of the long-term benefits associated with sustainable living. These benefits include lower utility costs, improved indoor air quality, and reduced environmental footprint, contributing to both personal well-being and environmental conservation.

Furthermore, the report suggests that the demand for green buildings is expected to continue growing as awareness of environmental issues and climate change increases. Developers who prioritise sustainability in their projects are likely to attract a larger pool of environmentally conscious buyers and differentiate themselves in the competitive real estate market.

As sustainability becomes a key consideration in the housing sector, stakeholders anticipate greater emphasis on green building practices and certifications. Developers and policymakers are expected to collaborate to promote sustainable urban development and meet the evolving needs and preferences of homebuyers seeking greener living options.

Overall, the report's findings underscore the growing importance of sustainability in the residential real estate market and highlight the significant role that green buildings play in meeting the demand for environmentally responsible housing solutions.

According to a recent report, residential buyers are showing a notable inclination to pay a premium of 5-10% for green buildings. This trend underscores a growing awareness and preference for environmentally sustainable housing options among consumers. The study highlights a shifting mindset among homebuyers, who are increasingly prioritising sustainability and energy efficiency when making purchasing decisions. Green buildings, which are designed to minimise environmental impact and maximise resource efficiency, are becoming increasingly attractive to discerning buyers seeking eco-friendly living spaces. The willingness of residential buyers to pay a premium for green buildings reflects their recognition of the long-term benefits associated with sustainable living. These benefits include lower utility costs, improved indoor air quality, and reduced environmental footprint, contributing to both personal well-being and environmental conservation. Furthermore, the report suggests that the demand for green buildings is expected to continue growing as awareness of environmental issues and climate change increases. Developers who prioritise sustainability in their projects are likely to attract a larger pool of environmentally conscious buyers and differentiate themselves in the competitive real estate market. As sustainability becomes a key consideration in the housing sector, stakeholders anticipate greater emphasis on green building practices and certifications. Developers and policymakers are expected to collaborate to promote sustainable urban development and meet the evolving needs and preferences of homebuyers seeking greener living options. Overall, the report's findings underscore the growing importance of sustainability in the residential real estate market and highlight the significant role that green buildings play in meeting the demand for environmentally responsible housing solutions.

Next Story
Technology

We’re building robots that flow, not just move

Founded in 2021, Flo Mobility is reimagining construction automation with vision-AI robots designed for seamless movement through complex sites. In conversation with CW, Manesh Jain, Founder & CEO, discusses the company’s origin, its LiDAR-free tech stack, and expansion plans in the Middle East and US.What inspired the name Flo Mobility? Why ‘Flo’ and not ‘Flow’?When we started the company in 2021, our focus was on building autonomous navigation systems for robots. Since our work centred around robot movement, ‘mobility’ naturally became part of the name. We wanted to co..

Next Story
Real Estate

We’re committed to setting benchmarks in sustainable luxury living

From a landmark land acquisition in Boisar to ambitious launches across the Mumbai Metropolitan Region (MMR), National Capital Region (NCR), Bengaluru and Pune, Birla Estates is driving future-ready growth with a strong focus on sustainability, partnerships and premium living, firmly anchored in its LifeDesigned® philosophy. K T Jithendran, Managing Director & CEO, outlines the company’s premium, sustainable growth playbook in conversation with PRATAP PADODE, Editor-in-Chief, CW. Excerpts:Birla Estates recently acquired a 70.92-acre land parcel in Boisar, Maharashtra, for..

Next Story
Infrastructure Urban

Mumbai’s land crunch and ageing homes call for structured renewal

Founded in 2022, Etonhurst Capital Partners is a real-estate fund management platform focused on the Indian market. As the firm achieves the first close of Rs 1.8 billion for its debut Rs 5 billion fund, Bamasish Paul, Co-founder, Managing Partner & CEO, discusses its sharp focus on redevelopment-driven value creation in Mumbai’s urban core with CW. Excerpts:Etonhurst Capital has achieved a significant milestone with the first close of Rs 1.8 billion for its Rs 5 billion fund. What factors contributed to this early success and how do you plan to attract further investments to r..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?