Over two-thirds of India’s Grade-A office spaces are now green-certified, reflecting a significant shift towards sustainability in the commercial real estate sector. Driven by corporate sustainability goals and regulatory frameworks, this trend highlights the growing importance of environmentally friendly buildings in reducing carbon footprints and enhancing energy efficiency.
A recent report by Colliers has revealed that more than two-thirds of India’s Grade-A office spaces have achieved green certification, signalling a significant shift towards sustainability in the commercial real estate sector. This milestone highlights the growing commitment among developers and businesses to adhere to environmental standards that reduce carbon footprints and enhance energy efficiency.
Green certification for office spaces is not just a regulatory checkbox; it represents a broader movement towards sustainable building practices that align with global and national efforts to combat climate change. The report emphasises that this increase in green-certified spaces is primarily driven by rising awareness among businesses about the tangible benefits of environmentally friendly buildings. These benefits include substantial energy savings, healthier work environments, and the potential for higher rental values.
A combination of regulatory frameworks and corporate sustainability goals fuels the push towards green certifications. Companies increasingly incorporate green buildings into their corporate social responsibility (CSR) strategies and sustainability agendas. This trend reflects a broader understanding that sustainable development benefits the environment and business.
“Green buildings are becoming a priority for many companies as they recognise the value of sustainability not only in terms of environmental impact but also in creating healthier and more productive workspaces,” stated a spokesperson from Colliers.
The growing focus on sustainability will continue driving the demand for green-certified office spaces. As more companies and developers recognise the importance of reducing environmental impacts, the trend of green certification will expand further, contributing to the broader goals of sustainable development within the real estate sector.
This shift towards sustainability is not just a passing trend but a fundamental change in how commercial real estate is approached in India. The move towards green certifications indicates that the industry increasingly prioritises long-term environmental benefits alongside economic gains, paving the way for a more sustainable future in real estate.
