Business Standard - Green-certified buildings account for 82% of all office leasing: Colliers
Occupiers’ preference to lease green-certified buildings, called so because they are environmentally responsible and resource-efficient, has been seeing an uptick in India.
During the April-June quarter this year, 12.9 million square feet (msf) of office space has been leased in green-certified buildings across the top six cities in India, according to data shared by real estate consultancy Colliers on Tuesday.
This represents a 24 per cent increase compared to 10.5 msf in the same quarter in 2023 and accounts for 82 per cent of all total office leasing (15.8 msf) during the quarter.
Currently, several green-certifications like Leadership in Energy and Environmental Design (LEED) and Green Rating for Integrated Habitat Assessment (GRIHA) are available in the Indian market, which validate buildings as ‘green’ by assessing various parameters including energy consumption, waste generation and alignment of design with health and wellness aspects.
