Tracking the green footprint in India’s office market
Spread and impact of green certifications on India’s grade A office stock and how this certification is adding tangible financial benefits to such assets.
- Samantak Das
- Rohan Sharma
The built environment is a critical component of all sustainability-driven agendas. As we push forth towards achieving sustainability targets in a bid to become a net-zero carbon economy by 2070, decarbonization of real estate will play a key role. Buildings by their innate nature of being material and operation-intensive, contribute to nearly 40% of all global greenhouse emissions. Adopting sustainable methods during the pre-construction stage and in running the buildings, then become very relevant in reducing the carbon emissions across the building lifecycle. Nearly 70% of all building carbon emissions come from its operation (operational carbon) and rest from building materials and construction (embodied carbon).
While occupiers are pushing the agenda on green buildings, investors and asset owners will play a key role in the transformation of real estate to more a greener version of itself. Indian real estate is well on its way to becoming more sustainable and green certifications are a clear indication of this change.
Through this paper, we visualize the spread and impact of green certifications on India’s grade A office stock and how this certification is adding tangible financial benefits to such assets.
Here is a bird’s eye view of India’s green footprint: