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Arvind SmartSpaces adds a new premium residential high-rise project in Ahmedabad with a top-line potential of ~Rs. 400 crore

Newsmantra — Tue, 02 Dec 2025 13:19:42 +0000

The project is spread across 1.15 acre and has a saleable area of 3.6 lakh sq. ft.

Bengaluru, December 01, 2025: Arvind SmartSpaces Limited (ASL), one of India’s leading real estate development companies, part of the Lalbhai group, today announced that it has acquired a new residential high-rise project in Vastrapur, Ahmedabad with a total estimated saleable area of ~3.6 lakh sq. ft. and a top-line potential of ~Rs. 400 crore. The project is acquired on an outright basis. This strategic addition marks a significant milestone in ASL’s growth journey and reinforces its commitment to delivering premium residential high-rise projects in high-potential markets.

This would be ASL’s 24^th project in Gujarat. Vastrapur is one of the most established premium residential micro markets in West Ahmedabad. The site benefits from well-developed social and civic infrastructure, offers excellent connectivity to major parts of the city, proximity to metro corridors, educational institutions, healthcare facilities, and vibrant lifestyle hubs. The area offers quick access to business hubs like Navratna Business Park and Pinnacle Business Park, as well as popular hotspots such as the IIM Ahmedabad, Vastrapur Lake Garden and Nexus Ahmedabad One Mall, making it a highly desirable location for residential development.

Commenting on this development, Mr. Priyansh Kapoor, CEO and Whole Time Director, Arvind SmartSpaces said: “Our diversification initiatives addressing both horizontal and vertical developments across our core geographies are progressing well. We are delighted to announce a premium residential apartments project after over a decade in Ahmedabad. Vastrapur is one of Ahmedabad’s most promising micro-markets for premium residential apartments, and this acquisition will expand the company’s presence in West Ahmedabad.

The optimism in the premium residential market remains strong and we look forward to adding new projects across Gujarat, Bengaluru and MMR during the remainder of the year.”

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Grovy India expands South Delhi real estate pipeline with 1.89L sq. ft. across ongoing & future developments

Newsmantra — Mon, 24 Nov 2025 13:11:29 +0000

· PAT up 1180%, revenue surges 1142% in Q2 FY26

New Delhi, November 24, 2025: Strengthening its position in the South Delhi real estate market, Grovy India Ltd., a BSE listed South Delhi headquartered real estate company has expanded its development pipeline to a substantial 1,89,000 sq. ft., covering both ongoing projects and upcoming ventures across the South Delhi market.

This comprises 1,42,000 sq. ft. of ongoing projects and 47,000 sq. ft. of projects in pipeline across South Delhi, the company said in its Q2 FY26 investor presentation.

Grovy India Ltd., a Real Estate Development and Consultancy Company established in the year 1985, has completed more than 100 projects.

The company recorded 1180% increase in net profit at Rs 37.63 lakhs in Q2 FY26 as compared to 2.49 lakhs in the same period last year. The total revenues jumped by 1142% to Rs 1552.87 lakhs.

Nishit Jalan, CEO, Grovy India said, “The strong growth underscores our commitment to delivering high-quality spaces while meeting the rising demand of luxury independent floors in South Delhi. With a balanced mix of active and planned developments, we are poised to enhance our portfolio, create long-term value, and reinforce our reputation for consistent execution and innovation.”

Like global metropolises, the price of independent floors in South Delhi has seen a consistent increase owing to higher demand amidst limited supply. According to a report by Golden Growth Fund (GGF), a Category-II real estate focussed Alternative Investment Fund (AIF), a surge in redevelopment activity, growing preference for luxury housing and renewed buyer confidence in the Delhi real estate market have pushed up average price of independent floors in South Delhi between 12-17% across Category A and B colonies in the third quarter of 2025.

As a result, local inhabitants have been looking to monetise their land or redevelop it with better FSI utilization in order to lift the capital value and rental income.

“South Delhi scores over other micro markets in factors like consistent demand, reliable and safe investment, good return on investment, robust infrastructure and connectivity to employment and entertainment hubs, Jalan added.

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Sonu Sood brings Fitness and inspiration to DXP WellFest at Signature Global’s DXP Estate, Gurugram

Newsmantra — Mon, 10 Nov 2025 10:28:40 +0000

Gurugram, November 9, 2025: Building on the success of recent DXP WellFest, Signature Global — one of India’s leading real estate developers — hosted the DXP Wellness Fest series at DXP Estate, Sector 37D, Dwarka Expressway.

As part of Signature Global’s vision to create an ecosystem for DXP Estate, the event brought together fitness enthusiasts, residents, and wellness brands for an engaging day that celebrated movement, mindfulness, and modern living.

The highlight of the fest was an inspiring session and live engagement by Famous actor and philanthropist Sonu Sood, who motivated participants to embrace fitness, resilience, and community well-being as essential parts of daily life.

The event also featured high-energy fitness performances by Tagra Raho-Fitness Brand by Mr. MS Dhoni and nutrition-focused experiences by FITTR, including Build Your Drink Live, FITTR Master Chef Challenge, and fun calorie-guessing games. Guests also enjoyed herbal drinks, soothing music, and a calming aroma experience curated by the Inhouse Hospitality Team.

The DXP WellFest series has previously featured leading wellness and lifestyle collaborators such as Matrix Academy, Ajivasan Music Academy, Tatva Spa, Shriyog by Abhay Javakhedkar, and Climbs Up by Arjun Vajpai — reinforcing Signature Global’s commitment to shaping an ecosystem for DXP Estate that unites home, health, and happiness.

Through these curated experiences, Signature Global continues to redefine community living — making DXP Estate not just a residential address, but an evolving ecosystem of wellness, connection, and modern living.

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Real Estate Sector Remains Optimistic Ahead of RBI MPC Outcome, Hoping for Continued Growth Momentum

Newsmantra — Tue, 05 Aug 2025 08:23:26 +0000

Every alternate month, the Reserve Bank of India’s Monetary Policy Committee (MPC) meets to assess the country’s macroeconomic conditions and decide on key policy rates aimed at maintaining inflation within target and supporting economic growth.

Various sectors of the economy keep a close watch on the MPC’s decisions, as shifts in policy rates influence borrowing costs, investment sentiment, and overall demand. For the real estate sector, in particular, changes in interest rates directly affect home loan affordability and consumer confidence.

The housing sector has witnessed renewed momentum following the cumulative 1% reduction in the repo rate between February and June 2025, according to real estate experts. The decline in home loan rates has improved affordability and revived buyer sentiment across key markets.

With borrowing costs coming down, industry leaders expect housing demand to remain strong. Many believe that with inflation under control, the RBI may have room to provide further support to boost the real estate sector.

Mr. Pradeep Aggarwal, Founder & Chairman, Signature Global (India) Ltd., said, “With inflation staying well below the RBI’s target, there is still room for a consecutive fourth cut in the repo rate to boost consumption in the economy. A 25-bps cut in the repo rate would definitely give a further boost to the real estate market, as it would bring the repo rate down by 125 bps from the previous year. With several commercial banks already offering loans below 8 percent, an additional repo rate cut would further ease credit and prompt end-users to advance their home buying decisions.

Having said that, it would be important for the RBI to carefully assess overall economic conditions before making a decision. Even if the RBI decides to keep the rates unchanged, the current low-interest rate environment is already providing strong support to housing demand. Positive buyer sentiment, better affordability, and easy loan availability are together helping the real estate market maintain its growth momentum.”

Mr. Jash Panchamia, Executive Director, Jaypee Infratech Limited, said, “The RBI had adopted a neutral stance in its previous policy review, and it remains to be seen whether the central bank will go for a rate cut or maintain the status quo. With inflation currently at a six-year low, a 25-basis-point cut in the repo rate would be encouraging for the overall economy. The real estate sector, having already benefited from the previous three consecutive rate cuts, would see a further boost in demand and buyer confidence if another cut is announced.

Such a move would reinforce the current growth momentum in the housing market. It would support end-users and first-time homebuyers by lowering borrowing costs and making home ownership more accessible across segments. Overall, the real estate sector remains well-positioned to benefit from a supportive rate regime.”

Mr. Ashok Kapur, Chairman, Krishna Group and Krisumi Corporation, said, “The housing sector has already been benefiting from the cumulative 100 bps cut in the repo rate, as reflected in the rising consumer demand driven by lower home loan interest rates. If the RBI decides to further reduce the repo rate by 25 bps in its upcoming policy review, it would give an overall boost to the economy and further support demand across sectors, including real estate.

Lower home loan rates always give an impetus to housing demand by improving affordability and encouraging more buyers to enter the market. With positive consumer sentiment prevailing, the housing sector is well-positioned to maintain its growth momentum, driven by strong end-user interest and improved access to credit.”

Mr. Raoul Kapoor, Co-CEO, Andromeda Sales and Distribution Pvt Ltd, said, “So far this year, the RBI has cumulatively reduced the repo rate by 100 basis points across the last three policy reviews. While the first two meetings each saw a 25-basis point cut, the central bank surprised the market in the last MPC by delivering a sharper-than-expected 50 basis point reduction.

Looking ahead, it is unlikely that the RBI will opt for another aggressive rate cut in the upcoming review. However, with inflation remaining below expectations, geopolitical tensions easing, and the domestic economy showing signs of resilience, a moderate 25 basis point cut remains a strong possibility. If implemented, such a move could provide a further boost to retail borrowing—especially timely with the festive season on the horizon, traditionally a high-demand period for consumer spending and housing purchases.”

Mr. Vikas Bhasin, MD of Saya Group, said, “We are hopeful that the RBI will continue the rate cut cycle and may opt for another reduction of 25–50 basis points in the repo rate in the upcoming MPC meeting.

The cumulative rate cut of 100 basis points this year has already led to a significant reduction in home loan rates for borrowers. A further rate cut will make home loans more affordable and enhance the loan eligibility of home buyers. This will benefit buyers across all segments—from affordable to luxury—throughout the country. We expect this to further boost the demand for homes in the coming months.”

Mr. Sushil Bedarwal, CMD, Bedarwal Group, said, “The RBI’s cumulative repo rate cut of 100 basis points so far this year has brought substantial relief to homebuyers, particularly in the affordable and mid-income housing segments. These categories are largely driven by end-users with limited budgets, making lower interest rates a critical factor in improving affordability.

Given the commentary in recent MPC meetings—where the RBI Governor has clearly indicated room for further easing—we anticipate another 25-basis point rate cut in the upcoming review.

We also hope that banks will promptly pass on the benefits of any further reduction to borrowers. Lower home loan rates directly enhance the purchasing power of aspiring homeowners, helping many take a decisive step toward owning their dream home.”

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Gurugram Revises Circle Rates: A Push for Transparency in Property Market

Newsmantra — Mon, 04 Aug 2025 09:37:56 +0000

Gurgaon’s real estate landscape is set to undergo a significant shift, with the district administration proposing a hike in circle rates—ranging from 8% to 77% for residential plots and a steep 145% rise for agricultural land.

Circle rates are the minimum property values set by the government for the purpose of stamp duty and registration charges during property transactions. These rates vary by location and property type, and they serve as the baseline for calculating transaction taxes, ensuring transparency and curbing undervaluation.

As per real estate experts the proposed hike in circle rates is expected to bring greater transparency to real estate transactions by narrowing the gap between market value and official rates. This move could also help boost government revenue through higher stamp duty collections, while discouraging underreporting of property prices.

The collector rates, which are usually revised every year on April 1, were last increased in December 2024 owing to the Lok Sabha and assembly elections. The next scheduled revision for April 2025 was also deferred and is now being implemented from August 2025.

Some of the most impacted residential areas include Sectors 104 to 106, 109 to 115, DLF Phase II, Sector 25, and Sectors 22A, 23–23A, along with established neighbourhoods like Sectors 14, 15, 17, and 28. These localities have witnessed a surge in collector rates ranging between 27% and 70%, as the administration aims to align official property values with prevailing market rates.

Mr. Pradeep Aggarwal, Founder & Chairman, Signature Global (India) Ltd., said, “Gurugram’s real estate sector continues to thrive on strong fundamentals and end-user-driven demand. The proposed hike in circle rates, if implemented in a balanced manner, can enhance market transparency, improve buyer confidence, and align property valuations with ground realities.

For homebuyers, this step can ensure cleaner, more structured transactions, better financing opportunities, and stronger long-term asset value. For the industry, it opens avenues for more formalised growth, greater compliance, and increased investment in infrastructure and community development. As we move forward, maintaining a stable and growth-oriented policy framework will be key to sustaining momentum — encouraging genuine homebuyers, fostering trust, and supporting the long-term vision of Gurugram as a model urban real estate market.”

Mr. Vineet Nanda, Director Sales & Marketing, Krisumi Corporation, said, “The recent hike in the circle rates in Gurugram is clearly the government’s attempt to increase transparency in the property market and bring property valuations closer to market realities. However, the steep rise comes at a time when consumer sentiment has only just begun to improve, following the RBI’s three consecutive rate cuts totalling 100 basis points. This move could temporarily slow down the growing interest among buyers.

However, in the long run, the demand for properties is poised to remain strong, driven by Gurugram’s robust infrastructure development, growing commercial activity, and its appeal among end-users and investors alike. As the market adjusts to the revised rates, transparency and realistic valuations will ultimately support sustainable growth in the real estate sector.”

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The Cascades Neopolis in Hyderabad Becomes World’s Largest and India’s Only Residential Project to Achieve WELL Pre-Certification

Newsmantra — Thu, 31 Jul 2025 12:30:19 +0000

Hyderabad, India – [July 31, 2025]: As a major boost for India’s real estate aspirations to focus on residents’ wellness and a matter of pride for the vibrant city of Hyderabad, The Cascades Neopolis has been awarded the WELL v2 Pre-Certification Platinum by the International WELL Building Institute (IWBI). This distinction makes The Cascades Neopolis both India’s first and the world’s largest residential development to receive this globally acclaimed recognition. While WELL is the world’s first building standard to focus entirely on how our surroundings impact physical and mental health, IWBI is the global authority that develops and administers the WELL Building Standard to advance health and wellness-centric design.

For the uninitiated, The Cascades Neopolis is a ₹3169-Crore 63-storey 217m tall mega residential project of GHR Lakshmi Urbanblocks Infra LLP, a visionary joint consortium by the promoters of GHR Infra, Lakshmi Infra, and Urbanblocks Realty, which are legacy realty companies that are primarily operating in Hyderabad.

How this certification matters for residents’ wellbeing

As part of the WELL evaluation, The Cascades Neopolis was assessed across ten inter-related concepts that directly shape occupants’ well-being: air, water, nourishment, light, movement, thermal comfort, sound, materials, mind, and community. The residents will experience enhanced indoor air quality through advanced filtration and ventilation systems, maximised natural light and daylight penetration, and materials carefully selected to minimise emissions and support respiratory health. Temperature and acoustic controls have been integrated to reduce stress and fatigue, and the overall layout encourages movement, mindfulness, and interactions with fellow residents. Every element of the design has been calibrated to promote a lifestyle of greater balance and vitality.

Wellness-centric living standards not envisioned before in India

While our country has seen commercial spaces embrace WELL principles in the past, The Cascades Neopolis has pioneered the vision for residential projects to set high standards that facilitate healthier living. The project will represent a fundamental shift in the design of residential communities, anchored not just in comfort and convenience, but also in purpose-built wellness.

It is not only a testament to what’s possible in today’s world, but also a blueprint for how the homes of tomorrow can be built.

“With a built-up area of 5.43 million square feet, more than double the size of the next-largest WELL precertified residential community, The Cascades Neopolis will likely have many first-of-its-kind accomplishments or features. Just to name a few, the project is designed to deliver 42 percent water savings through full-scale rainwater harvesting and cut annual energy use by 30 percent with solar and high-efficiency systems. During construction, 95 percent of the debris will be recycled. 30 percent of parking bays will be equipped with EV chargers—setting a new global benchmark for healthy, future-ready living,” said Juzer S. Kothari, the Managing Director of Conserve Consultants (P) Ltd. (the firm that partnered with Cascades Neopolis to secure both WELL v2 Pre-Certification Platinum and IGBC Green Homes Platinum standards).

“When architects, engineers, realty consultants, and sustainability experts joined forces, our goal was to reshape residential living through deep design thinking. As you step into your home, you benefit from cleaner air, abundant natural light, and thoughtfully crafted spaces for well-being—backed by WELL v2 Pre-Certification Platinum and IGBC Green Homes Platinum. The milestone underscores the project’s leadership in shaping future-ready living spaces that go beyond conventional luxury, and having a vision to prioritize well-being of residents, environmental responsibility, and community-centric design,” a joint statement was released from the three designated partners of the GHR Lakshmi Urbanblocks Infra LLP, Mr. Karteesh Reddy M (representing GHR Infra), Mr. Lakshmi Narayana G (representing Lakshmi Infra), and Mr. Sharat V, (representing Urbanblocks Realty).

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Signature Global confident of ₹12,500 cr pre-sales target in FY26: Chairman

Newsmantra — Mon, 14 Jul 2025 08:32:55 +0000

PTI : Realty firm Signature Global is confident of achieving its target to sell homes worth Rs 12,500 crore this fiscal, despite a 15 per cent fall in bookings in the June quarter, a top company official said.

Signature Global emerged as the fifth largest listed real estate firm during 2024-25 fiscal in terms of sales bookings by achieving record pre-sales of Rs 10,290 crore.

The Gurugram-based company has given a guidance of clocking Rs 12,500 crore worth pre-sales or sales bookings in the current fiscal.

“We are confident of achieving the target of Rs 12,500 crore sales bookings in the current fiscal,” Signature Global Chairman Pradeep Kumar Aggarwal said.

He said the company has a strong launch pipeline in Gurugram for the remaining period of this fiscal year.

Aggarwal noted that the housing demand continues to be strong especially for the companies having a good track record of executing projects on time.

During April-June quarter, the company reported a 15 per cent decline in sales bookings to Rs 2,640 crore from Rs 3,120 crore in the year-ago period.

The company sold 778 homes in April-June 2025, as against 968 units in the year-ago period.

In terms of volumes, the pre-sales dipped 20 per cent to 16 lakh square feet.

During the June quarter, the average sales realization stood at Rs 16,296 per sq ft, as against Rs 12,457 per sq ft in the entire last fiscal.

Recently, Signature Global announced plans to raise Rs 875 crore through issue of non-convertible debentures to refinance debt and expand business.

Signature Global posted a net profit of Rs 101.2 crore last fiscal, a sharp jump from Rs 16.32 crore in the preceding year.

Its total income grew to Rs 2,637.99 crore in the last fiscal, from Rs 1,324.55 crore in 2023-24.

Since inception, Signature Global has delivered 13.5 million sq ft of housing projects and has a strong pipeline of about 21.6 million sq ft of saleable area in upcoming projects, along with 46.38 million sq ft of ongoing projects, targeted for completion within the next 2-3 years.

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Dwarka Expressway Sees 153% Property Price Growth in 5 Years Driven by Strong Housing Demand

Newsmantra — Fri, 11 Jul 2025 12:55:01 +0000

The Indian real estate market continues to evolve, with Gurugram leading the way as one of the most sought-after property hubs. Among its many thriving micro-markets, Dwarka Expressway firmly holds its place on homebuyers’ radar.

Stretching across 29 km—18.9 km in Haryana and 10.1 km in Delhi—Dwarka Expressway holds the distinction of being India’s first 16-lane highway, offering seamless connectivity from Dwarka in Delhi to the Kherki Daula Toll Plaza in Gurugram, Haryana.

According to MagicBricks, the average price of high-rise apartments on Dwarka Expressway is estimated at ₹14,342 per sq. ft., marking a 153% increase over the past five years. This significant surge in property prices reflects the strong demand for premium homes along this growth corridor.

Commenting on the significant rise in property prices in Dwarka Expressway, Mr. Ashok Kapur, Chairman, Krishna Group and Krisumi Corporation, said, “Property prices on Dwarka Expressway have more than doubled over the past five years, which is a natural outcome of the area’s rapid infrastructure development and growing demand. The area offers excellent connectivity along with the presence of some of the country’s leading real estate developers, making it a highly sought-after destination for homebuyers.

Infrastructural development always acts as a catalyst for real estate growth, and Dwarka Expressway is a perfect example of this transformation. With upcoming projects such as new tunnels, metro corridors, and expressway linkages, the region is poised for even stronger growth in the coming years, further enhancing its residential and investment appeal.”

The launch pipeline on Dwarka Expressway also remains strong, with top developers expected to add over 25,000 housing units in this micro market in the next three years, according to Square Yards.

Adding to the growing appeal of Dwarka Expressway is a newly built 5.1 km tunnel aimed at easing travel and reducing congestion. The tunnel has two sections—one stretch, spanning 3.6 km with eight lanes, directly connects the expressway to Indira Gandhi International (IGI) Airport, significantly cutting travel time for commuters heading to the airport. The other, a 1.5 km two-lane segment, links the expressway to NH-48 towards Gurugram, helping decongest the busy Delhi-Gurugram corridor.

Further enhancing connectivity, a new 5-km underground tunnel is planned in South Delhi. The ₹3,500-crore project by NHAI will provide a signal-free link between Shiv Murti-Mahipalpur near Dwarka Expressway and Nelson Mandela Road in Vasant Kunj, easing traffic towards Dwarka and Gurugram. Construction is likely to begin in early 2026.

Additionally, the proposed metro corridor from HUDA City Centre to Cyber City, which will also have a branch connecting Dwarka Expressway, is set to further strengthen connectivity in the region. Spanning 28.5 km, this metro link will offer seamless access to key parts of the city, making daily commuting easier and more convenient for both residents and professionals.

Together, these developments are not only transforming the connectivity landscape of Dwarka Expressway but also reinforcing its appeal as a prominent residential and investment destination. With property demand rising and infrastructure steadily improving, the area is well on its way to becoming one of the most sought-after addresses in the region.

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DLF Lights Up Times Square: Unveiling of ‘Privana North’ Marks Bold New Chapter in Real Estate Branding

Newsmantra — Wed, 18 Jun 2025 10:48:39 +0000

The unveiling aligns with DLF’s focused outreach to the global Indian diaspora, which accounts for a significant share of its residential customer base

18^th June, 2024: In a landmark moment for global brand storytelling, DLF, India’s largest listed real estate developer, unveiled the name and first look of its newest luxury residential project, DLF Privana North, at the iconic Times Square in New York City. With this bold move, DLF brought its latest offering to the world’s most recognized stage for brand innovation and spectacle.

The grand reveal was showcased on ‘The Cube’ at 2 Times Square, a towering, three-sided digital display visible from multiple blocks and located just behind the iconic red steps, one of the world’s most photographed and shared landmarks. With six massive LED screens facing east, west, and south along 7th Avenue, Broadway, and 47th Street, the campaign captivated onlookers with its muted scarlet branding and a striking visual of Privana North’s 50-storey glazed façade towers, set against the skyline of India’s future-forward city, Gurugram. The spectacular setting and sheer visibility, reaching millions of visitors and billions more through global social media platforms, made this a strategic and symbolic location to introduce a project that represents the future of luxury living in India

Why Times Square and Why Now?

With a legacy spanning 78 years, DLF is not just a stalwart in Indian real estate but also the force behind the very imagination and urban transformation of Gurugram, India’s Millennium City. Recognizing that close to 30% of DLF’s residential sales today come from the Indian diaspora (NRIs), with nearly half of that from the U.S. alone, Times Square was a natural choice for a global premiere. This campaign was not merely about outdoor advertising; it was an assertion of DLF’s global mindset, acknowledging and celebrating its most discerning customers who live, invest, and thrive across geographies, yet feel a deep connection to India’s next-gen urban growth stories.

DLF Privana North, The Next Chapter in a Sold-Out Legacy

DLF Privana North is the most ambitious phase of the ~116-acre integrated luxury township, DLF Privana, located in Sectors 76 and 77, Gurugram. Building on the success of Privana South and Privana West, both of which sold out in under three days before their official launch, Privana North will mark a new pinnacle once launched. The project is a part of the DLF Privana neighborhood, envisioned as a luxury lifestyle destination, master-planned to become a self-sustaining, inclusive community. This unveiling has been eagerly awaited by homebuyers and investors globally for over a year, further fueling anticipation for what is poised to become the most coveted address in the new nerve centre of Gurugram.

The visual spectacle of Privana North’s debut on Times Square’s massive digital façade, against the backdrop of neon lights, global crowds, and the heartbeat of Manhattan, was more than a marketing move. It was a symbolic crossing of borders, a statement of intent, and a proud moment not only for DLF but for India’s real estate industry on the world stage.

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Real Estate Takes Centre Stage in India’s Net-Zero Mission

Newsmantra — Mon, 02 Jun 2025 07:54:00 +0000

As India intensifies its climate commitments, the real estate sector is emerging as a pivotal force in the green transition. A new report by the National Institute of Urban Affairs (NIUA) and Rocky Mountain Institute (RMI), titled “Build Right for the First Time: Scaling Adoption of Net-Zero Carbon Buildings in India”, underscores the critical role developers must play in achieving net-zero goals.

According to the report, India could slash up to 8 gigatons of CO₂ emissions by 2050 by scaling net-zero practices in new construction. While this shift requires an added investment of ₹4,566 per sq. m, the long-term benefits—reduced emissions, operational savings, and healthier living environments—make the case clear.

Mr. Lalit Kumar Aggarwal, Co-founder & Vice Chairman of Signature Global (India) Ltd. says, “The report reaffirms what progressive developers have long believed—building green is not just environmentally responsible, it’s economically sensible. At Signature Global, sustainability is a core pillar of our strategy. From energy-efficient designs and low-carbon materials to advanced cooling technologies, we are committed to ensuring every development contributes meaningfully to India’s net-zero journey.”

Across the board, developers are recalibrating. Whether in affordable or premium segments, many are adopting passive design elements, low-carbon construction materials, and on-site renewable energy solutions. Net-zero is no longer aspirational—it’s fast becoming business-critical.

Mr. Ashok Kapur, Chairman, Krishna Group and Krisumi Corporation says, “Sustainability in real estate is no longer optional—it’s inevitable. Today’s homebuyers are increasingly prioritising projects that incorporate eco-friendly practices, from energy-efficient designs to the use of low-carbon materials. As buyer preferences evolve, integrating sustainability into the core of real estate development is not just a trend, but a necessity for long-term value and relevance.The real estate sector will play a pivotal role in India’s journey towards achieving its net-zero goals. Adopting sustainable building practices on a large scale is key to protecting the environment and ensuring practical, cost-effective development.”

Technological innovation is accelerating this shift. Some firms are implementing high-efficiency cooling systems—such as air conditioners that are five times more efficient than conventional ones, as highlighted in the report—offering both climate benefits and cost savings for homeowners. But the transition can’t be developer-led alone. The report calls for a robust enabling ecosystem: green construction incentives, streamlined approvals, and urgent updates to the National Building Code. States like Gujarat and Maharashtra are already piloting net-zero building codes in urban expansion zones, setting examples for others to follow.

Experts stress that India’s affordable and mid-income housing segments—projected to drive the bulk of urban residential growth—must lead the way. These high-volume markets hold exponential potential for emissions reduction if net-zero principles are embedded from the ground up. Meanwhile, buyer preferences are evolving. Post-pandemic, there’s a marked shift towards healthier, energy-efficient homes. Certifications like EDGE and IGBC are gaining traction, as homebuyers increasingly value lower utility costs and a reduced carbon footprint.

The NIUA-RMI report serves as both a wake-up call and a roadmap. Once considered contributors to urban emissions, developers are now seen as key allies in India’s climate journey. The path ahead demands scale, innovation, and alignment across policy, finance, technology, and consumer behavior. With the right momentum, real estate could well be the cornerstone of a net-zero India—brick by green brick.

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