Sustainable construction as current trend in real estate

Ashwin Sheth
Chairman and MD,  Ashwin Sheth Group

Sustainability has become a pressing necessity rather than a choice as it gains increasing importance in society. There is now a greater emphasis on constructing buildings that minimize environmental impacts and promote long-term sustainability. Sustainable construction practices include energy efficiency, the use of renewable materials, waste reduction/recycling, and water conservation.

This trend is driven by several factors. Firstly, there is a growing emphasis on creating awareness among homebuyers and stakeholders about the importance of sustainable construction. Developers are engaging with communities to promote eco-friendly practices and organizing workshops or events to educate people about sustainable living. They are integrating ecological procedures such as advanced insulation techniques, solar panels, and rainwater harvesting systems, to reduce energy consumption and carbon emissions. Sustainable buildings command higher property values, attracting discerning buyers and investors. Secondly, regulatory bodies are implementing stricter building codes and sustainability standards, encouraging the adoption of sustainable construction practices.

The benefits of sustainable construction are numerous. It reduces energy consumption, operating costs, and carbon emissions, while improving indoor air quality. Sustainable buildings create healthier indoor environments through effective ventilation, natural lighting, and non-toxic materials. Green spaces can also enhance mental well-being and lead to higher productivity levels. Additionally, these practices conserve natural resources and support the goal of mitigating climate change.

The main challenge is the initial cost, as sustainable construction practices can be more expensive. However, they result in long-term cost savings by reducing energy and water usage in building operation and maintenance. Sustainable construction focuses on reducing waste and minimizing environmental impact associated with building materials. It also conserves water resources and minimizes strain on local infrastructure by reducing water usage and implementing effective drainage systems.

Integrating green spaces and landscaping has become a defining feature of sustainable construction projects. These green areas provide benefits such as heat reduction and biodiversity conservation.

By prioritizing sustainability, real estate developers gain a competitive edge and attract environmentally conscious tenants and buyers. Sustainable construction is revolutionizing the industry, shaping the future of real estate with its multifaceted benefits. Technology is transforming the real estate sector in India. Developers are incorporating smart home features like home automation, energy-efficient appliances, and security systems. Buyers are increasingly interested in homes equipped with advanced technology for convenience and energy savings.

Sustainable construction has emerged as a transformative trend in the real estate industry, revolutionizing how buildings are designed, constructed, and operated. Its multifaceted benefits, ranging from environmental preservation and cost savings to occupant well-being and regulatory compliance, have made it a powerful force shaping the future of real estate. Investing in sustainable construction enables us to build a greener, healthier and more resilient future for both, the industry and the planet.

While sustainable construction practices are gaining traction, there is still a need for broader adoption and integration across the industry to drive a more sustainable future in Indian real estate.

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