The real estate sector is witnessing a significant transformation towards sustainability, propelled by a growing awareness and demand for green homes. This shift is not just a trend but a response to the urgent need for environmental conservation and sustainable living practices. Aakash India, a leading real estate developer in Jamshedpur, is at the forefront of this movement with its IGBC-certified projects, Aakash Riviera setting a benchmark for eco-friendly development.
The Rising Demand for Green Homes
Recent insights from Knight Frank’s Global Buyer’s Survey underline the increasing preference for green housing projects. A striking 84% of homebuyers recognize the importance of energy efficiency in homes, with an equal split considering it ‘very important’ and ‘important’. This shift in buyer preference underscores a critical market trend—sustainability is now a key determinant in the decision-making process for purchasing homes.
Debunking the Cost Myth
The perception that green homes come with a hefty price tag is rapidly diminishing. Studies reveal that the project cost of green homes is only about 1% higher than that of traditional buildings, a minor increase when compared to the substantial savings they offer. Homebuyers investing in green buildings can enjoy a significant reduction in water and energy bills, saving approximately 30-40%. This cost-effectiveness, coupled with the environmental benefits, makes green homes an attractive investment.
Industry Voices and Commitments
Leaders in the real estate sector, such as Manoj Gaur, President of CREDAI NCR, emphasize the industry’s commitment to the green building ecosystem. CREDAI’s pledge to achieve net zero targets by 2050 and reduce the carbon footprint by 25% before 2030 reflects a collective endeavour to promote eco-friendly projects. The shift in homebuyer preferences towards sustainable and energy-efficient housing underscores the changing dynamics in the real estate market.
The Tangible Benefits of IGBC Certification
Living in an IGBC-certified residential project comes with undeniable advantages. Residents can enjoy cost reductions of 20-30% in energy and electricity usage, alongside a 30-50% decrease in water wastage through recycled water use. These projects also contribute to less construction-based pollution, significantly enhancing the quality of life and sustainability of the housing project.
Aakash India’s Pioneering Project
Aakash India’s commitment to sustainability is exemplified in its projects, Aakash Riviera. This development is not only designed to meet the IGBC certification criteria but also to align with the evolving preferences of homebuyers seeking eco-friendly living spaces. By incorporating energy-efficient designs and sustainable construction practices, Aakash India is not just building homes; it’s fostering a greener, more sustainable future.