The real estate sector is undergoing a global change – India is no exception – in terms of adopting the practice of global calls and trends to meet the climate challenges looming large across the world for human habitat.
The fact that human habitat cannot survive without ecological balance – in the real estate sector, blind construction is not acceptable as of today too. Real estate promoters are as concerned about it as the homebuyers, and this is a good indication of stepping towards green construction or sustainable development. The real estate sector in Gurgaon, which is a showcase city of India to the world, is ahead of many other cities in the world in terms of shifting towards environmentally conscious and sustainable living as a mark of a noble gesture towards nature – towards global environmental concerns.
Homebuyers are ecologically concerned; they are looking for an eco-friendly lifestyle which is becoming more and more popular, reflected in the appeal of properties with energy-efficient features and green certifications – Gurgaon has pioneered in this regard.
Real estate promoter Signature Global has adopted the practice long back in its construction, and the same has been acknowledged by the government and rewarded. Considering Gurgaon as the fastest-growing city with the population increasing on an average of two lakhs and more every year, the government is keen to provide homes to the needy, and real estate promoters like Signature Global are keen to build projects in line with sustainable development.
The city can survive only when there is ecological balance – forests and greenery are properly proportioned, and all elements of sustainable development are well in place. The government has indeed acknowledged the need for sustainable development and has put in place several laws to support the adoption of environmentally friendly practices in the real estate industry. The government is promoting and encouraging developers who have inclined to adopt sustainable building designs and green construction techniques by offering them incentives. The country’s green real estate market has grown significantly as a result of these government initiatives.
Gurgaon’s population as of today is more than thirty lakhs. The world’s top companies are operating from this city. This city is the political center of the country besides being the house of tens of thousands of garment, automobile, IT industries, and companies. The central and state governments are trying to utilize the real estate potential of this city by providing excellent infrastructure, but the same is not possible without a sustainable approach in construction – the future of the next generation is safe there only.