A report suggests that nearly 40 percent of global carbon dioxide emissions are coming in from the real estate sector. Of these emissions, approximately 70 percent are produced by building operations while the remaining 30 percent comes from construction. In this scenario, real estate industry is moving towards ensuring sustainable and green buildings.
Mahindra Lifespaces has launched its residential project, 'Mahindra Eden' in Bengaluru, which is India's first Net Zero Energy residential project. In a CNBC-TV18 special, The Climate Clock, Sonal Bhutra spoke with Arvind Subramanian, MD & CEO, Mahindra Lifespaces about green real estate sector.
Mahindra Lifespaces will be building only Net Zero Energy buildings from 2030 onwards.
“We as a developer have had a 100 percent green certified portfolio for many years now, since 2014. So moving to net zero was, in some ways, a natural evolution to that commitment but in many ways this is a giant leap,” he said.
Watch the accompanying video for more details.
First Published: Apr 30, 2022 5:27 PM IST
Check out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!
Punjab Lok Sabha elections: Check full list of AAP candidates and constituencies
May 18, 2024 12:59 PM
PM Modi, Rahul Gandhi election rallies in Delhi today: Here are the routes to avoid
May 18, 2024 11:28 AM