Data On Green Certification Of Grade A Office Spaces In India

The recent analysis highlights a significant transformation in India's real estate landscape, emphasizing a pronounced shift towards sustainability. With over 65% of Grade A office spaces in India's major cities now green-certified, the sector is clearly prioritizing environmental responsibility. This shift is particularly evident in southern cities like Bengaluru and Chennai, where a majority of office spaces boast green certifications, showcasing a strong commitment from developers to incorporate sustainable practices into their projects. The preference for green-certified buildings is not merely symbolic; it also translates into tangible benefits, as these properties command a rental premium of 12-14% on average over non-certified buildings. This premium underscores a growing recognition in the market that sustainable buildings not only align with global environmental goals but also contribute positively to occupant well-being and operational efficiency.

Furthermore, the data reveals that smaller-scale office buildings, particularly those with less than 1 lakh sq ft of built-up area, exhibit lower adoption rates of green certifications. This suggests a need for broader adoption and awareness among small and medium-sized developers regarding the benefits of sustainable construction. Despite this, larger-scale projects exceeding 10 lakh sq ft still show a strong inclination towards green certification, with 90% of such developments meeting sustainable building standards. This dichotomy underscores both the potential and the current limitations in integrating sustainability practices across all segments of India's real estate market, highlighting areas where targeted policies and incentives could further accelerate adoption.

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