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Sustainable Foundations: Exploring Integration of ESG in Real Estate Development

January 11, 2024 101 0 ESG & Sustainability E - Environmental S - Social G - Governance

Sustainable Foundations: Exploring Integration of ESG in Real Estate Development

Real estate sector is stepping up to integrate and implement Environmental, Social and Governance (ESG) related components in its future developments to build an equitable, efficient and sustainable economy. In the last few years, Environmental, Social and Governance (ESG) considerations and compliance has become instrumental in promoting sustainable business practices and ensuring responsible corporate behaviour.

Key highlights of the report include:

  • Relatively older buildings (>10 years) of about 300-350 mn sq ft need major overhaul, presenting around INR 360 bn retrofitting potential.
  • Relatively newer buildings (≤10 years) of about 95-110 mn sq ft need minimal capex, presenting INR 20-30 bn E-upgrade potential.
  • E-upgrade of existing buildings results in 3-4X net cashflow benefit for developers over remaining asset life.
  • Upcoming Grade A office supply of about 160-190 mn sq ft in next three years likely to incorporate sustainable elements from Day-1.

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Colliers India
Sukanya Dasgupta, Head Marketing and Communications - sukanya.dasgupta@colliers.com

Colliers (NASDAQ, TSX: CIGI) is a leading diversified professional services and investment management company. With operations in 66 countries, our 18,000 enterprising professionals work collaboratively to provide expert real estate and investment advice to clients. For more than 28 years, our experienced leadership with significant inside ownership has delivered compound annual investment returns of approximately 20% for shareholders. With annual revenues of $4.5 billion and $98 billion of assets under management, Colliers maximizes the potential of property and real assets to accelerate the success of our clients, our investors, and our people. Learn more at corporate.colliers.com, Twitter @Colliers or LinkedIn.



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