CREDAI-MCHI and MAHAPREIT sign MoU to assess air emissions and develop roadmap for decarbonization in the construction industry
CREDAI-MCHI, the apex body representing the real estate industry in the Mumbai Metropolitan Region (MMR), has entered into a Memorandum of Understanding (MoU) with Mahatma Phule Renewable Energy and Infrastructure Technology Limited (MAHAPREIT), a Government of Maharashtra Undertaking. This initiative seeks to address air emissions and chart a roadmap for decarbonization and achieving net-zero emissions in the construction industry.
The partnership focuses on evaluating the impact of construction activities on air quality, promoting improved construction techniques, and creating a framework to mitigate the environmental footprint of the sector. Under the MoU, a detailed study will be conducted to assess air emissions and greenhouse gas (GHG) emissions from construction activities and operational buildings. These findings will be disseminated to stakeholders to foster awareness and actionable insights. Additionally, the roadmap will emphasize eco-friendly construction practices and outline decarbonization targets while training stakeholders to implement these practices effectively.
Domnic Romell, President of CREDAI-MCHI highlighted, “This collaboration underscores our commitment to sustainable development in the construction sector. By working with MAHAPREIT, we aim to set new benchmarks for environmental responsibility and create a robust roadmap for reducing emissions and achieving Net Zero targets.”
Bipin Shrimali, Managing Director of MAHAPREIT emphasized the organization’s commitment, stating, “As a Government of Maharashtra undertaking, MAHAPREIT is committed to fostering sustainable infrastructure practices. Through this partnership with CREDAI-MCHI, we aim to identify actionable solutions for decarbonization and create a greener future for the construction industry.”
The roles of both organizations are clearly defined under this collaboration. CREDAI-MCHI will provide access to construction sites, collaborate on analyzing technological studies, and execute joint initiatives aimed at achieving Net Zero goals. MAHAPREIT, leveraging its technical expertise, will identify pollution sources, conduct assessments, and provide guidance on sustainable practices.
This MoU, valid for 12 months, is a non-financial agreement, highlighting the shared vision of environmental and sustainability goals through joint efforts.
The agreement marks a pivotal step toward building a sustainable and eco-conscious construction ecosystem, benefiting both the environment and the wider community.
