Housing consortium launches greenhouse campaign
A voluntary, private sector-led initiative, the Sustainable Housing Leadership Consortium (SHLC), working towards mainstreaming green homes in India, on Tuesday, said it aims making at least 20% of India’s new housing developments go green by 2022.
SHLC was launched in 2016, convened by the International Finance Corporation (a member of the World Bank Group) under the Eco-Cities programme supported by the European Union. Its founding members include Godrej Properties, Mahindra Lifespace Developers, Shapoorji Pallonji Real Estate, Tata Housing and VBHC Value Homes. It also has financial institutions HDFC Limited and PNB Housing Finance Corporation.
“The European Union is committed to supporting the sustainable development of cities, with a particular focus on climate-change mitigation and adaptation, and energy efficiency,” said Friederike Tschampa, Charge d’Affaires, delegation of the European Union to India.
Today, the real-estate sector is responsible for 24% of India’s annual CO2 emissions, contributing to global warming and poor air quality. The UNEP Sustainable Buildings and Climate Initiative estimates that the built environment is responsible for 30% of raw material use.
“The United Nations predicts a 40% global shortfall in water supply by 2030, by which time Indian homes will need 74 trillion liters of water annually. Yet, two-thirds of India’s built infrastructure still lies in the future. The government of India’s mission of ‘Housing for All by 2022’ also points to this being a critical time to impact the footprint of the housing industry. Urban India will need approximately another 2.4 million homes to be built by 2020, which creates a massive opportunity for change,” said SHLC.