Authored By: Ajendra Singh, Vice-President of Sales and Marketing, Spectrum Metro
As cities grow, the demand for sustainable urban infrastructure is growing. Green buildings come as a critical part in the development of the newly booming hub of commercial real estate. Today sustainable infrastructure is not a trend but represents a change in how developers, businesses, and governments think about real estate.
Noida has transformed from an industrial hub of the country to a commercial and IT center. As awareness of eco-consciousness grows, it puts a heavy concern on the infrastructure of the city, but the stakeholders are now looking at sustainable solutions. Green buildings consume the least amount of energy, produce minimal amounts of waste, and are setting new standards as they produce the least amount of carbon footprints. Renewable resources, smart technologies, and also eco-friendly materials in construction have redefined the skyline of the city.
Platinum rating is considered the highest rating for many green building certification systems and reflects a building’s commitment towards sustainability. The LEED system, under the auspices of the U.S. Green Building Council, grants points in several categories. Similarly, the Indian Green Building Council operates a rating system that awards exceptional performance through its set of stringent criteria.
Among the major cornerstones of platinum certification in green buildings is energy efficiency. While designing a green building, it is always important that a building achieves superior performance in energy conservation through advanced insulation, energy-efficient windows, and renewable sources of energy like solar panels or wind turbines. The idea is to reduce dependence on non-renewable sources of energy and reduce the rate at which gasses contribute immensely to global warming.
The Indian Green Building Council, 2023, estimates that 45% of commercial projects of India have started incorporating green building standards already. According to many other leading reports, it has been forecasted that by 2025, 30% new office spaces in India will achieve LEED certifications.
A range of prominent commercial projects in Noida has embraced these principles. For instance, many newly developed business complexes are LEED (Leadership in Energy and Environmental Design) certified, ensuring they meet global standards for green construction. Developers are not only focusing on the environmental benefits but also on the long-term financial savings that green buildings offer to occupants through lower operational costs.
Many of the major commercial projects in Noida have already adopted these principles. For instance, many of the new business complexes that have been established are LEED certified, abiding thr international norms in green buildings. Developers are capitalizing on both the environmental benefits along with long-term economic savings that green buildings have moreover leading to lower operational costs.
Several factors are driving sustainable practices in the commercial real estate sector of Noida. Energy-saving buildings consume less electricity through smart lighting, HVAC systems, and harnessing of solar energy. These measures help developers and tenants save more on utility bills and other operational costs. Corporations today are looking for more office space that is sustainable
in nature and factors toward ESG goals. Companies opting for green buildings that build a brand image and meet international sustainability requirements. Developers of Noida are making the most of such a trend by offering premium office space designed taking into consideration environmental sensitive tenancies.
The Indian government has been promoting green infrastructure through various policies, such as the National Green Building Code and incentives for projects that are aligned with green certification standards. Developers in Noida have also shown a great interest in Eco-friendly practices in real estate development.
This support has led to a significant growth of green commercial projects in this city. Advances in technology are changing the ways of green functioning. Innovations like smart meters, rainwater harvesting systems, and energy-efficient glass optimize the efforts in terms of sustainability. Most of the newer commercial spaces in Noida are fitted with such features, making it an attractive hot spot for businesses that focus on technology and sustainability.
Saving energy is just not what green buildings serve, it improves indoor conditions. Better air quality and natural lighting as well as temperature control, employees working in certified green offices are more productive and have a better sense of well-being. Such benefits in Noida’s competitive commercial market make a difference to businesses looking to attract and retain talent.
The future for Noida’s commercial real estate is indeed healthy. As the urge for sustainability grows with awareness, green features are not just a trend but a basic requirement today. Real estate developers who will focus on green construction are likely to attract premium clients and investors in the long-term run. Government support coupled with technological development, Noida is to be one of the model cities of sustainable urban development in India.