Nearly 4cr-sq ft gross floor area of green buildings in top 7 cities

Mumbai: The gross floor area of LEED (Leadership in Energy and Environmental Design) certified buildings across 7 cities was recorded at 3,95,39,770 sq ft during the January to October 2022 period according to Knight Frank India. NCR recorded 98,54,680 sq ft of gross floor area of LEED certified buildings, highest amongst the top seven Indian cities during the same period. Bengaluru recorded second highest Gross Floor Area of LEED Certified buildings with 90,10,595 sq ft followed by Chennai with 55,95,722 sq ft. Investors are increasingly considering sustainable, ethical, and responsible business practices into account when evaluating the risk and performance of a company.

MMR registered 48,89,993 sq ft of gross floor area of LEED certified buildings during the January to October 2022 period. 15 new LEED certified buildings were added across the city with eight Gold certified, six Platinum certified and 1 Silver certified building during the same period.

In regards with the LEED certification issued during the January to October 2022 period, 137 new buildings were certified across top seven cities. 33 new buildings received LEED certification in NCR region, maximum across the top 7 Indian cities during the period.

Bengaluru recorded the second highest number of new buildings receiving LEED certification. 25 new buildings were certified in Bengaluru during the January to October 2022 period.

Talking to Bizz Buzz, Sujatha Ganapathy – Vice President - Sustainability and Well Standard Business at Knight Frank India said, "Sustainable architecture and green buildings meeting the needs of a balanced ecology is an emerging and on-demand trend in the Indian and global real estate landscape."

As the collective consciousness of the global population leans more and more towards environment-first and socially responsible companies, Indian corporates are also being compelled to respond to the growing attention and trend in non-financial reporting and performance. Investors are keen to assist socially and ecologically conscious businesses in India, she said.

On the aspect of certification level, India recorded 82 Platinum certified buildings, 49 Gold certified buildings and 4 Silver certified buildings across top 7 leading markets during the January to October period. NCR registers highest Platinum Certified buildings accounting to 22 buildings whereas Bengaluru registered highest Gold certified buildings accounting to 12 buildings across the top seven leading cities.