CREDAI Urges Builders Towards Sustainable Urban Growth
CREDAI highlights growth potential in real estate across Indian cities, urging builders to focus on sustainable development. National President Boman Irani emphasizes exploring new cities and adopting eco-friendly technologies to mitigate pollution issues seen in major cities, especially during winter prohibitions on construction activities.
- Country:
- Japan
The Confederation of Real Estate Developers' Associations of India (CREDAI) has identified significant growth potential in the real estate sector across Indian cities, driven by increasing demand for properties. The apex body encourages builders to prioritize sustainable development to safeguard the environment.
Speaking at the 'New India Summit,' CREDAI's National President Boman Irani pointed out that approximately 50 percent of Indians will reside in tier II, III, and IV cities. This necessitates exploring new avenues for real estate growth in these areas.
Irani stressed the importance of sustainable building practices, highlighting frequent construction bans in major cities during winter due to high pollution levels. He urged developers to proactively adopt eco-friendly technologies, emphasizing the lessons learned from past tier I city developments.
ALSO READ
-
IFC’s Oman Property Investment Backs Green Homes at Muscat’s Sustainable City Yiti
-
New Zealand Gives NZ$300,000 to Help Developing Countries Build Safer Food Trade
-
Philippines Moves From Promises to Protection in a New 2030 Fight Against Modern Slavery
-
Free AI Training Opens Doors for African Public Officials to Build Smarter Services
-
Caribbean Tourism Powers Local Economies, but Workers Need More Than Visitor Growth
Google News