Millennium Spire launches Spire World, its Indian real estate platform, and its first green project, Spire Edge, a 1.6 million sq ft eco-office complex in Manesar.
Falcon Realty Services ventures into eco-friendly real estate development in India, focusing on 2-tier cities and integrated townships near industrial hubs.
Indian developers are increasingly focusing on green buildings due to growing environmental awareness among multinational tenants. While involving higher initial costs, these buildings offer long-term savings and attract eco-conscious companies.
K Raheja Corp partners with the Clinton Climate Initiative to retrofit buildings across India, starting with sites in Mumbai and Hyderabad, and aims to reduce energy and water use.
Government policies are pushing for green buildings in Asian real estate markets. Driven by regulations, incentives, and market changes, green building growth is influenced by corporate social responsibility and tenant preferences.