India’s leading Real Estate Body, Confederation of Real Estate Developers Association of India (CREDAI) has announced a nation-wide partnership with Indian Green Building Council (IGBC) under which it has pledged to build over 1000 Certified Green Projects in the next 2 years across India, and 4000 projects by 2030, through adoption of latters Green and Net Zero building ratings.
The partnership was announced on the occasion of CREDAI’s investiture ceremony which witnessed Boman Irani becoming the new president of CREDAI National for the term 2023-25. CREDAI MCHI, too, announced a change in leadership with Domnic Romell becoming the President for the realty body in Mumbai Metropolitan Region.
The new partnership would mean an addition of over 4,00,000 housing units in the green development category across the country. These projects will be certified by IGBC and will usher in a new era of green development, inspiring thousands of real estate developers as CREDAI spearheads a nation-wide Green Building movement.
CREDAI’s partnership with IGBC will allow the necessary know-how and strengthen capabilities of CREDAI developers to ‘Build Better’. As an extension to meeting CREDAI’s goal of reducing carbon footprint by 2030 and achieving carbon neutrality by 2050, this will provide an impetus towards charting a roadmap for the same and aligns CREDAI to our country’s vision of reaching Net Zero by 2070, a statement said.
CREDAI MCHI has also partnered with leading real estate sustainability consultant ‘Smarter Dharma’ as it’s Sustainability Partner for Mumbai Metropolitan Region.
Earmarking Sustainable Development, CREDAI National President Boman Irani said, “Indian Real Estate stands at a cusp of a revolution, and we at CREDAI are extremely focussed to facilitate growth for all stakeholders involved. We intend to continue to work closely with the Government to ensure a more conducive eco-system that enables sustainable growth, providing complete transparency and enhancing governance standards for our homebuyers and ancillary industries. We understand the responsibility we bear as a distinguished industry body, and we hope to guide our members into a new era of inclusive and sustainable growth. To achieve the same, we have collaborated with IGBC for achieving our motto ‘Better Buildings, Building Better’, that will go a long way in enabling developers to build sustainably. We intend to build on strong platforms to supplement inclusive, holistic growth within the Indian Real Estate fraternity.”
CREDAI MCHI President Domnic Romell said, “The Mumbai Metropolitan Region (MMR) remains one of the most valuable property markets in the country, contributing majorly to the state and national economy. CREDAI-MCHI will continue to work towards good governance, rejuvenating housing policies, optimizing zero carbon practices in MMR. CREDAI MCHI has scaled newer heights under able leadership in the past, and it gives me immense joy to take this legacy forward amidst an exciting time for the industry, as infrastructural and real estate growth comes to the fore. We are entering into a new era with focused work towards increasing prominence of sustainability in the MMR real estate.”