ULI India’s Post

INDIA ECONOMIC NEWS Co-working spaces like Urban Vault, Incuspaze, The Executive Centre, and Awfis in India ramp up investments in ESG (Environmental, Social, and Governance) practices to meet the growing demand for sustainable workplaces. Based in Bengaluru, Urban Vault saw a 41% increase in rentals for ESG-certified properties in the latter part of FY24. CEO Mr. Amal Mishra highlighted a shift where sustainability now drives corporate leasing decisions, particularly as global capability centres (GCCs) expand operations in India. Urban Vault plans to quadruple its investment in ESG initiatives to US$ 4.8 million (Rs. 40 crore) for FY25. Incuspaze, headquartered in New Delhi, noted a 7-9% rental price gap between ESG-compliant and non-compliant buildings. Founder Mr. Sanjay Choudhary emphasized their commitment to energy-saving technologies and sustainable design practices, with US$ 9 billion (Rs. 75 crore) earmarked for ESG initiatives covering 500,000 sq. ft. of space. The Executive Centre (TEC) observed a 3-5% rental premium for green buildings, reflecting increased corporate preference and regulatory compliance. Managing Director Mr. Manish Khedia stressed the need to expand green building availability in India to enhance its global competitiveness. TEC plans to allocate 5-8% of its investment towards ESG initiatives to capitalize on the rising demand for sustainable office spaces.

The increase in green-certified office buildings in India from 39% in 2020 to 53% in 2023, as reported by the JLL-CRE Matrix, highlights a significant shift toward sustainability in the real estate sector. This trend, already in motion before the pandemic, gained momentum as COVID-19 brought a heightened focus on sustainable and health-oriented building practices. Now, over 61% of Grade A office stock in India is green-certified, reflecting a strategic shift by developers and occupiers toward eco-friendly and resilient workspaces. This transformation is not just a trend but a strategic move that aligns with market demands and a global push for environmental responsibility, enhancing asset valuations and brand value. As the industry continues to evolve, the commitment to sustainable workspaces is becoming imperative, showcasing a convergence of investor, developer, and occupier interests toward environmentally responsible buildings. In this evolving landscape, sustainability is no longer an option but a necessity, underlining the industry's role in reducing carbon footprints and promoting a healthier planet. #CRE #Indianrealestate #sustainability

Green office spaces demand in India outpaces supply The rise of environmentally conscious tenants in commercial real estate, focusing on decarbonizing their portfolios, has led to a significant surge in demand for sustainable buildings across key Indian property markets, surpassing available supply. As corporations aim for fully green-certified office portfolios, competition among tenants is expected to intensify, resulting in higher rents for property owners. Radha Dhir, Kamya Miglani, JLL Kailash Babar, The Economic Times #ESG #Sustainability #GreenRealEstate #Decarbonization #CommercialRealEstate #India JLL India https://lnkd.in/dC7vahMk?

🏡✨ Embracing New Living Patterns: The Rise of Co-living and Flexible Spaces! ✨🌐 As our lifestyles continue to evolve, so do our living preferences. 🔄 The concept of co-living and flexible spaces is gaining momentum, reshaping the way we experience and define "home." 🏡💫 🌟 Community-Driven Living: Co-living spaces foster a sense of community, breaking away from traditional living norms. Sharing spaces and resources not only promotes social interaction but also offers a more sustainable lifestyle. 🤝🌍 💡 Adaptable Environments: Flexibility is the cornerstone of the new living paradigm. Spaces designed for versatility allow residents to adapt their homes to suit various needs, whether it's work, leisure, or personal growth. 🛋️💼 🌐 Tech-Enabled Living: Technology plays a pivotal role in shaping these modern living spaces. Smart home solutions, from automated controls to energy-efficient systems, enhance convenience and sustainability. 🌐🔒 🌿 Blurring Work and Home Boundaries: The integration of co-living with flexible workspaces caters to the growing trend of remote and flexible work. This fusion promotes a balanced lifestyle where living and working seamlessly coexist. 🏢🏡 🌈 Diversity in Design: Architects and designers are reimagining spaces to accommodate diverse needs and preferences. From compact micro-apartments to communal areas, the focus is on creating inclusive environments that cater to different lifestyles. 🎨🏘️ 🚀 Future-Forward Living: The evolution of co-living and flexible spaces is just the beginning. As our living patterns continue to shift, embracing innovation and adaptability will be key to creating living spaces that resonate with the diverse needs of the modern individual. 🚀🌟 How are you embracing these new living patterns? Share your thoughts and experiences in the comments below! Let's shape the future of living together. 🌐💬 #CoLiving #FlexibleSpaces #NewLivingPatterns #FutureLiving #CommunityLiving 🏠

"𝗕𝘂𝗶𝗹𝗱𝗶𝗻𝗴 𝗮 𝗚𝗿𝗲𝗲𝗻𝗲𝗿 𝗙𝘂𝘁𝘂𝗿𝗲: 𝗪𝗵𝗲𝗿𝗲 𝗦𝘂𝘀𝘁𝗮𝗶𝗻𝗮𝗯𝗶𝗹𝗶𝘁𝘆 𝗠𝗲𝗲𝘁𝘀 𝗣𝗿𝗲𝗺𝗶𝘂𝗺 𝗥𝗲𝗮𝗹𝘁𝘆" https://lnkd.in/gRbVb5ur The real estate landscape is witnessing a profound shift towards sustainability as green-certified office spaces emerge as the new premium in the market. Reports from CBRE Group and Xynteo highlight a significant uptick in demand for eco-friendly work environments. With 42% of Grade A office stock in India's major cities already green-certified, it's evident that businesses and consumers alike are prioritizing sustainability. This trend is underscored by recent successes like the rapid sale of luxury flats at a Gurugram project and Mahindra Vista's net zero energy plus waste homes, indicating a growing willingness to invest in eco-conscious properties.  As more stakeholders recognize the long-term benefits of green buildings, the trajectory towards a sustainable realty sector appears increasingly promising. #sustainable #realestate #greenhomes

My perspective on the rising importance of green certifications in India’s office market. 🌱 With over 65% of Grade A office spaces now certified, it's encouraging to see Bengaluru leading the charge. As sustainability becomes non-negotiable, tenants are recognizing the benefits and willing to invest in healthier, future-ready workspaces. Green buildings aren’t just a trend—they’re the foundation for a more sustainable future. Check out the full article here: [https://lnkd.in/gVJyibSd] #Sustainability #RealEstate #GreenBuildings

The Future of Real Estate: What Trends Are Here to Stay? 🏙️ As we navigate the ever-evolving real estate landscape, several trends are shaping the future of our industry: Hybrid Workspaces: Demand for flexible office spaces is increasing. How are you adapting to this shift? Smart Home Technology: Buyers are prioritizing homes with smart features. What tech upgrades are you seeing in listings? Sustainability: Eco-friendly homes are no longer a niche—they're becoming the standard. How are you integrating sustainability into your practice? I’d love to hear your insights! Which trend do you believe will have the most significant impact in the coming years? Share your thoughts in the comments! #RealEstate #IndustryTrends #Sustainability #SmartHomes

Can you guess which city boasts the largest stock of green-certified buildings in the country? It's Bengaluru!  According to a recent report by KPMG and Colliers, Bengaluru accounts for the highest number of green-certified buildings among major Indian cities. The Garden City has taken the lead in promoting sustainable architecture and energy-efficient infrastructure. 𝐓𝐡𝐞 𝐆𝐫𝐨𝐰𝐢𝐧𝐠 𝐓𝐫𝐞𝐧𝐝 𝐨𝐟 𝐆𝐫𝐞𝐞𝐧 𝐁𝐮𝐢𝐥𝐝𝐢𝐧𝐠𝐬:  The report highlights a remarkable five-fold increase in green-certified stock for Grade A office buildings across India since 2010. This surge reflects the rising occupier preference for eco-friendly workspaces and the implementation of green leases. 𝐂𝐨𝐦𝐦𝐢𝐭𝐦𝐞𝐧𝐭 𝐭𝐨 𝐒𝐮𝐬𝐭𝐚𝐢𝐧𝐚𝐛𝐢𝐥𝐢𝐭𝐲:  Developers and occupiers alike are demonstrating their commitment to sustainability, with green-certified office buildings now accounting for over 60% of India's Grade A office stock. This trend is expected to continue, driven by the potential for increased brand value, client retention, and rental upside. Cities like Bengaluru, Hyderabad, and Chennai lead the way, with almost three in every five office assets being green-certified. Mumbai and Delhi NCR, present significant opportunities for retrofitting existing Grade A office assets to meet sustainability criteria. 𝐓𝐡𝐞 𝐅𝐮𝐭𝐮𝐫𝐞 𝐢𝐬 𝐆𝐫𝐞𝐞𝐧:   As India strives to reduce its carbon emissions and promote environmentally responsible practices, the real estate sector is poised to play a crucial role. By embracing energy-efficient technologies, green building practices and sustainable construction materials like Autoclaved Aerated Concrete (AAC) blocks - the industry can contribute to a greener future while realizing cost savings and operational efficiencies.  .  .  #GreenBuildings #SustainableConstruction #EcoFriendlyArchitecture #CorporateSustainability #FutureOfRealEstate #BiltechIndia

Exciting Developments in Bangalore's Sustainable Real Estate: Sharing My Authored Article! Are you ready to discover the exciting developments happening in Bangalore's real estate scene? The city is shifting towards eco-friendly buildings and sustainable living, with the demand for green buildings rising. With innovative features and certifications like LEED and GRIHA and the use of recycled materials, the real estate industry is embracing a sustainable future. But that's not all! New concepts like co-living, co-working spaces, and biophilic design are emerging, offering affordability, convenience, and a focus on sustainability. These are just some of the ways Bangalore leads towards a more equitable and resilient urban future. Take advantage of this exciting dialogue on sustainable living and urban development in Bangalore. Engage with the full article attached and be a part of the change!