CREDAI Maharashtra & SuperHumanRace sign MoU to track real estate emissions
CREDAI Maharashtra has signed a MoU with SuperHumanRace, a leading tech company, to develop and implement regional emissions inventories for the state’s real estate sector. This collaboration aims to help developers adopt greener practices while boosting market credibility and competitiveness. Present on the occasion were Pramod Khairnar, President of CREDAI Maharashtra, Aalok A. Deshmukh Managing Director of SuperHumanRace, Ayashkanta Rout, Sustainability Lead at Oberoi Realty, Gagandeep Bhullar, CEO, SuperHumanRace.
Khairnar expressed that, “The real estate sector in Maharashtra is at the forefront of India’s urban transformation. This initiative is a timely and essential intervention to ensure that development is environmentally sustainable while being economically viable.”
One of India’s prominent building physicists, Deshmukh said, “The initiative to develop Regional Emissions Inventories for the real estate value chain is a crucial step towards reliably quantifying and effectively addressing carbon risks associated with India's burgeoning urban aspirations.”
“This partnership is a game changer for sustainable urban development in India. By creating transparent, connected and actionable emissions inventories, we are empowering the real estate sector to proactively address carbon risks and drive global competitiveness, he added.”
The awareness and recognition of carbon risk is well understood by India’s most prominent and responsible developers. Rout mentioned that “carbon costs embedded in construction materials could raise project costs significantly, impacting profitability. These carbon costs also impact the export competitiveness of the suppliers.” For example, Maharashtra’s exports of construction materials like cement and aluminum could face additional tariffs in carbon-regulated markets, further underscoring the urgent need for reliable emissions data to drive strategic decision-making.
