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Sustainability has paved its way into the Indian Real Estate sector with LEED-INDIA (The Leadership in Energy and Environmental Design) being a functional benchmark for greener assets to be developed. Real Estate sector is witnessing a shift from traditional buildings to sustainable property which aid environmental conservation: operating greener realty assets is fast becoming the norm in the Indian construction domain.

Utilization of green/sustainable construction renders 30 percent or even more savings on energy. Here, reducing the power and water consumption is reckoned to be an effective tool to cut down on the operational costs of running the enterprises as well as save energy. From a sustainable and energy efficient perspective, assets that use less water, save energy in all forms generate lesser waste and provide all over healthier spaces need to be created.

The Indian developers now reckon that sustainability builds value and thus are taking charge of assuring the same in their various upcoming real estate projects by integrating environment friendly and resource-efficient solutions. Actions to use renewable energy, recycle building materials, reduce waste and conserve water are few key factors being considered to reduce the operating expenses and mitigate the carbon footprint.

Green real estate is a thrilling new way to make property healthy and energy-efficient, with better indoor air quality, lighting and temperature controls. It has also been noticed that Green and sustainable real estate development delivers enhanced performance in the market than traditional construction due to high appeal to renters and home purchasers, quicker approvals and lower operating costs.

Subsequently, greener IT parks and business campuses being developed by the leading developers of the country are now emerging as precedents for others to follow. This suggests that the Indian real estate sector will surely score well on the sustainable development quotient.

India is moving towards urbanisation at an unparalleled speed. But such growth and modernisation comes with its own sets of problems. The Indian cities, as a result of development in the midst of unprecedented influx of people, are under pressure to cope with the situation. Lack of organised transport is one of the critical issues that daunts the administrative bodies.State Governments are continuously working towards upgrading and modernising regional transport systems. In fact, many are betting big on the metro rail networks, especially after the enormously successful Delhi Metro Rail venture.

The Mumbai metro railway link could be a game-changer too. It is likely to make travelling in a congested city like Mumbai a better experience. It will make commuting seamless, making it possible for people to stay far from their workplaces.

The belated commissioning of the Versova-Andheri-Ghatkopar (VAG) corridor of the Mumbai Metro promises to add a fresh lease of life in a city that is over-dependent on its legendary local trains. The reduction in travel time from 90 minutes to a mere 21 minutes between Versova and Ghatkopar, and the improved East-West connectivity is no longer surreal. It is happening! However, the impact on the Mumbai realty market is possibly going to be far more distinct.