New building regulations
Large cities amount for 75 percent of global emissions and have already started facing dire consequences. New building regulations can be a starting point in ensuring ecologically responsible construction.
Leadership in Energy and Environmental Design (LEED) v4.1 is the latest standard for green building design, construction, operations and performance. Nucleus Office Parks, which operates India’s biggest office portfolio, has certifications for existing buildings as per the v4.1 standard. This goes a long way in ensuring that the property is not just a great place to work but is also doing right by the planet.
The much-talked about, 10,000-sq-ft garden with a community space, sitting arena, play and public areas, amidst lush greenery beneath the flyover in Lower Parel is part of the One Green Mile Project, developed by Nucleus Office Parks. This pioneering development was one of the first public-private-partnership (PPP) projects and envisaged reimagining urban development of a one-mile stretch on one of the busiest streets of Mumbai’s central business district.
A push for cycling and electric cart tracks
In large residential and corporate properties, users often use their cars to drive from one end of the property to another. A built plan that encourages residents or office goers to move around the space on foot, in cycles or e-carts could further help in controlling carbon emissions from the space. Building cycling, walking and e-cart tracks to make this possible is a great idea in this direction.
Nucleus Office Parks built 3 kms of walking and cycling tracks at One Green Mile, making it an equal street for all. The idea was to create infrastructure that is pedestrian friendly and makes walking and cycling a joy even in the middle of fast-paced Mumbai.
Innovative building material
According to the ‘2020 Building The Future Report’ by PwC Global, by 2025, there will be 37 megacities in the world, up from 23 today. Given that concrete production alone makes up 8 percent of global emissions, building design and construction practices must change radically to reduce carbon emissions.
The use of digital twins, which is a digital representation of a physical environment that collects real time data, has proven to be greatly beneficial in regulating and rectifying energy usage in buildings, and as per estimations can help to exceed designed energy usage by 3.8 times.
Nucleus Office Parks has achieved 87000 tons of carbon reduction across their properties. 60 percent of the Nucleus portfolio is powered through renewable energy.
Incentivising green structures and buildings through construction loans or mortgage finance are great ways to incentivise developers to build environment-friendly structures. In a recent development, the Climate Bonds Institute issued Green Loan certificates to the company. The Indian GSS debt market is gathering momentum, and issuances like this prove the country’s commitment to a sustainable future.