- MoU signed at the CREDAI Youth Wing and CREDAI Women Wing Installation Ceremony
- To Construct Green Building projects in 5 Cities – NCR, Bangalore, Hyderabad, Mumbai & Pune
May 30th, Hyderabad: CREDAI, the apex body of private Real Estate developers with a strong base of over 12000 member developers present in 23 States & 205 City Chapters across India, today signed a Memorandum of Understanding (MOU) with the Indian Green Building Council (IGBC) to accelerate the push towards the Green Building Movement in the country. The MOU, which will also see the two organizations come together and construct green building projects in five cities, was signed at the installation Ceremony of the CREDAI Youth Wing and CREDAI Women’s Wing in Hyderabad.
By joining forces, CREDAI & IGBC intend on collaborating to mutually share knowledge and extend industrial support to reinstate the importance of constructing environmentally friendly buildings for sustainable growth of the Indian Real Estate Sector. The partnership will strive to strengthen the green building eco-system in India, which will involve training and awareness programs for CREDAI members, promotion of Green Affordable Housing and unceasing engagement with CREDAI Youth Wing and CREDAI Women’s Wing to advance the movement, among other such initiatives.
Speaking on the collaboration, CREDAI National President, Mr Satish Magar, said, “As a leading industry body, CREDAI has consistently maintained a stance of supporting environmentally friendly construction practices and methods and this is another huge step towards the sustainable growth of Indian Real Estate. Our association with IGBC will set the benchmark in construction of green buildings all across India. CREDAI strongly encourages its member developers to adopt newer and sustainable construction techniques to ensure holistic growth for all industry stakeholders.”
Past Chairman, CII Western Region & Chairman, GreenCo Rating, Mr. Pradeep Bhargava, said, "CII has been at the forefront of the Green Movement in every aspect of conduct of business ranging from buildings, processes, technologies, supply chain , products in all sectors like manufacturing, services, hospitality, health care , education ... across the country. CREDAI is the nodal body driving the most vital infrastructure engine covering all types of constructions.
The convergence of these two credible institutions will ensure rapid progress in having sustainable and Green buildings, communities, cities and ultimately a Green Country. The ideal Jugal Bandhi "
National Chairman, IGBC, Mr V Suresh, said, “Real Estate development contributes immensely to the creation of Sustainable Built Environment. CREDAI is doing a yeomen service to the Nation in building habitats of all forms. India has over the last two decades been a leader in the green building movement with over 6.8 billion sq ft of green footprint covering buildings of all asset classes as well as the built environment like Campuses, Townships and Cities. The contribution of developers and builders in the green journey has been phenomenal.
It is therefore a happy augury for IGBC to work together with CREDAI for the creation of a Sustainable Built Environment and also create larger awareness. I am confident the MOU with CREDAI will contribute well in India’s quest to be Numero Uno in the green building movement. “
Established in 1999, The Confederation of Real Estate Developers’ Association of India, is the apex body for private real estate developers in India, representing over 12000 developers through 23 states and 205 city chapters across the country. CREDAI has worked hard to make the industry more organized and progressive by networking closely with government representatives, policy makers, investors. CREDAI works towards improvement of ethical standards & business practices in real estate. CREDAI is well-recognized by the Central and State Governments in all its endeavors.
About Indian Green Building Council (IGBC)
The Indian Green Building Council (IGBC), which is part of Confederation of Indian Industry, was formed in the year 2001. The IGBC is a consensus-based, not-for-profit organization, representing the building industry, consisting of architects, builders, consultants, manufacturers, institutions and others. The vision of the Council is to Enable sustainable built environment for all and make India one of the global leaders in sustainable built environment by 2025. The Council holistically evaluates how green a building is and accordingly rates the builder either as IGBC Platinum/ Gold/ Silver / Certified. IGBC through its multi-pronged strategy has facilitated India emerge as the second largest country in terms of largest green building footprint. IGBC has launched over 25 ratings thus far to suit different building typologies including – New Buildings, Residential Societies, Existing Societies, Affordable Housing, Factory Buildings, Landscapes, Cities, Villages, Schools, Datacenters, Healthcare, MRTS etc.
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