The lease of office space in buildings with green certification increased by 20 percent by 2024 to 492 LAKH SQ FT in six important cities that companies focus more on sustainability, according to a report by CREDAI and Colliers.
The main agency of Realtors’ Apex Credai and the real estate consultant Colliers India published on Friday a report ‘sustainability in real estate: towards a greenest horizon’ in Ahmedabad.
The lease of office space in Premium buildings certified in green increased annually by 20 percent by 2024 to 49.2 million (492 LAKH) SQ FT of 41 million (410 LAKH) square feet in the previous year. Green buildings eat higher rent.
“India has established ambitious climatic objectives, including the achievement of net emissions of zero by 2070 and reducing carbon intensity to less than 45 percent by 2030. Real estate, being a significant taxsession Renewable “, the new Credies, the new patelias in the patelias of the pathelias of the reports.
This change has already gained impulse in the sector, with the adoption of ecological buildings in residential, commercial and industrial spaces, he added.
According to the report, companies have a bone that are increasingly opting for office spaces that are aligned with global sustainability standards with respect to energy efficiency, carbon emissions and employee’s well -being. This change is promoting the growing preference for workplaces certified by the Greens, he added.
About 75 percent of the lease transactions of grade A offices in the six main cities in 2024 Tok Place in buildings with green certification, according to the report.
“The construction industry is an important taxpayer to global carbon emissions, which represents almost 40 percent or greenhouse gas emissions. The real estate sector is located at the crossroads of the transformation, where sustainability is not an option that is not an option that is necessary,” Colliers, “Colliers”.
As of 2024, the stocks of certified offices in Green in India stood at approximately 503 million square feet, which represents 66 percent of the total degree inventory A in the six main cities-Delhi-NCR, Mumbai, Bengaluru, Hyderabad, Chennai and Pune.
When commenting on this trend, Peush Jain, MD-Commercial Lesing and Advisory, Anarock Group, said: “The evolution of strategies in the workplace continues to influence market dynamics, since colleagues seek to improve the collaboration, innovation and well-being of employees.”
“This transformation is promoting the demand for premium office spaces with an advanced technological infrastructure and sustainable characteristics with a greater focus on environmental, social and governance parameters (ESG) that become ascending to real real real buildings,” Jain said.
Posted on April 18, 2025