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.
Nucleus Office Parks is India’s biggest office portfolio to have received Leadership in Energy and Environmental Design (LEED) certifications for existing buildings v4.1: Operations and Maintenance from the Green Business Certification Inc (GBCI). LEED v4.1 is the latest standard for green building design, construction, operations and performance.
The much-talked about 10,000-sq-ft garden with a community space, sitting arena, play and public area beneath the flyover in Lower Parel is part of the One Green Mile Project, developed by Nucleus Office Parks, in one of the first public-private-partnership (PPP) projects which envisaged redevelopment 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 to another. A built plan that encourages residents or employees to move around on foot, in cycles or e-carts could further help in controlling the carbon emission from the space. Building cycling, walking and e-cart tracks is a great idea in this direction.
Nucleus Office Parks built 3 kilometres of walking and cycling tracks at One Green Mile, making it an equal street for all. The idea was to create infrastructure that makes walking to anywhere easy.
Innovative building material
It is believed that in the next 40 years a city as big as Paris is expected to be built every week around the world. Given that concrete production alone makes up 8 percent of total global emissions, our buildings’ design and construction must change radically to reduce carbon emission.
The use of digital twins, which is a digital representation of a physical environment that collects real time data, has proven to be very beneficial in regulating and rectifying energy usage in buildings, which is estimated to exceed their designed energy usage by 3.8 times.
Nucleus Office Parks has achieved 62-ton carbon reduction across properties. 50 percent of the Nucleus portfolio is powered through renewable energy.
By 2030, the real estate giant aims to achieve complete carbon neutrality, and source 60 percent of energy from renewable sources.
Incentivising green structures and buildings on construction loans or mortgage finance, are great ways to incentivise developers to build environment-friendly structures. In a recent development, 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.