The CBRE’s recent report revealed that India has witnessed a 37 percent jump in the availability of environmental, social and governance (ESG) compliant green real estate assets in the last five years. This rapid increase is a testimony to the improved awareness for sustainability in assets in the Indian real estate sector, especially amidst the top six cities.
As per the report, the real estate sector has pushed its vision towards green buildings bringing a substantial increase in oversupply. Over 78 million sq ft of verified inventory was added in the studied tenure in the top six cities in India.
Over the last 10 years, the share of green buildings across top six cities in India – Delhi-NCR, Mumbai, Pune, Hyderabad, Bangalore and Chennai, grew rapidly, with their share in the total office supply rising from 24 percent in 2011 to 31 percent in 2021. The certified stock increased substantially, too.
The report further added that NCR and Hyderabad are leading the share of the certified buildings by 44 percent each. Other cities follow the suit with Chennai at 37 percent, Mumbai at 16 percent and Pune at 15 percent.