Confederation of Real Estate Developers Associations of India (CREDAI) has signed a memorandum of understanding (MoU) with the Indian Green Building Council (IGBC) to accelerate the push towards the Green Building Movement in the country. The MoU was signed at the installation Ceremony of the Credai Youth Wing and Credai Women’s Wing in Hyderabad. It may be recalled here that similar MoU was signed four years ago but the move didn’t make much headway thereafter.
The current partnership will strive to strengthen the green building eco-system in India, which will involve training and awareness programmes for CREDAI members, promotion of green affordable housing and unceasing engagement with CREDAI Youth Wing and CREDAI Women’s Wing to advance the movement, among other such initiatives. By joining forces, Credai and IGBC intend on collaborating to mutually share knowledge and extend industrial support to reinstate the importance of constructing environmentally friendly buildings for sustainable growth of the Indian real estate sector.
India has over the last two decades been a leader in the green building movement with over 6.8 billion sq ft of green footprint covering buildings of all asset classes as well as the built environment like campuses, townships and cities. This trend is expected to gain further momentum in the coming years as the urbanisation and housing activity gains further pace.
Credai is the apex body of private real estate developers with a base of over 12,000 member developers present in 23 States and 205 city chapters across India. IGBC, part of the Confederation of Indian Industry (CII), offers a wide array of services which include developing new green building rating programmes, certification services and green building training programmes.