CREDAI, the Confederation of Real Estate Developers Association of India, has announced a nationwide partnership with the Indian Green Building Council (IGBC) to build over 1,000 certified green projects in India within the next two years, and 4,000 green projects by 2030. The projects will be certified by IGBC and will add over 400,000 green housing units across India. CREDAI’s partnership with IGBC aims to strengthen the capabilities of CREDAI developers to build sustainable projects by adopting IGBC green and net-zero building ratings. This partnership is expected to help CREDAI meet its goal of reducing carbon footprints by 2030, achieving carbon neutrality by 2050, and reaching net zero by 2070.
In addition, CREDAI MCHI, a Mumbai Metropolitan Region-based real estate body, has partnered with Smarter Dharma, a sustainability consultant, to further strengthen its sustainability efforts. Dominic Romell, the new president of CREDAI MCHI, stated that their organisation would work towards good governance, rejuvenating housing policies, and optimizing zero-carbon practices in the Mumbai Metropolitan Region. Meanwhile, Boman Irani, the newly elected president of CREDAI National, emphasized the importance of working closely with the government to create a more conducive ecosystem for sustainable growth, providing transparency and enhancing governance standards for homebuyers and ancillary industries. The partnership between CREDAI and IGBC is expected to usher in a new era of green development across India, setting industry standards for sustainable development.
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