65 percent of office space in India is Green-certified
Real Estate

65 percent of office space in India is Green-certified

Accessing any real estate company’s performance based on ESG becomes crucial as the real estate sector is the second-largest employer in India, accounting for 39 per cent of carbon emissions. The government’s constant push to achieve net zero emissions by 20...

Accessing any real estate company’s performance based on ESG becomes crucial as the real estate sector is the second-largest employer in India, accounting for 39 per cent of carbon emissions. The government’s constant push to achieve net zero emissions by 2070 is likely to play a pivotal role in shaping the real estate market in India. As per Vestian Research, over 65 percent of Grade A office space across India’s top seven cities is green-certified. Moreover, among 1,362 Grade A buildings, 805 (or 59 percent) boast of green certifications. As India’s office market attracts global occupiers, developers are increasingly prioritising international certifications.Contact: VestianWebsite: www.vestian.com

Next Story
Infrastructure Energy

EDF Eyes Renewable Partnerships with NTPC, CIL, and Actis

EDF India has signed non-binding term sheets with NTPC, Coal India Ltd (CIL), and global investor Actis to advance renewable energy projects in India. Under this collaboration, NTPC will develop, own, and operate pumped storage projects (PSPs), standalone hydropower, and hybrid renewable energy projects. EDF has proposed a 50:50 joint venture with NTPC and a separate JV with CIL to pursue PSPs and renewable projects in India and neighboring countries. India’s National Electricity Plan 2023 estimates a need for 74 GW/411 GWh of energy storage systems by 2031-32, including 27 GW/175 GWh from ..

Next Story
Infrastructure Energy

West Bengal Seeks O&M Bids for 1.891 MW Solar Project

The West Bengal Power Development Corporation (WBPDCL) has invited bids for the comprehensive operation and maintenance (O&M) of a 1.891 MW rooftop solar project at Kolaghat Thermal Power Station for two years. Bids must be submitted by March 29, 2025, and will be opened on April 2. An earnest money deposit of Rs 89,332 is required, and successful bidders must provide a performance bank guarantee of 10% of the contract value within 30 days of the work order issuance. If the accepted bid value is 80% or lower than the estimated value, an additional performance security of 10% is mandatory. ..

Next Story
Infrastructure Energy

EDF Eyes Renewable Partnerships with NTPC, CIL, and Actis

EDF India has signed non-binding term sheets with NTPC, Coal India Ltd (CIL), and global investor Actis to advance renewable energy projects in India. Under this collaboration, NTPC will develop, own, and operate pumped storage projects (PSPs), standalone hydropower, and hybrid renewable energy projects. EDF has proposed a 50:50 joint venture with NTPC and a separate JV with CIL to pursue PSPs and renewable projects in India and neighboring countries. India’s National Electricity Plan 2023 estimates a need for 74 GW/411 GWh of energy storage systems by 2031-32, including 27 GW/175 GWh from ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?