Realty+
Summary
The built environment contributes to over 40% of global energy demand within which demand for thermal comfort ranges from 40-60% of a building’s energy demand. In India, the real estate sector has emerged as an attractive investment magnet, bringing in a sizeable percentage of the country’s FDI inflows with the sector likely to contribute to 13% of the country’s GDP by 2025.
By extension, real estate contributes to a large percentage of greenhouse gas emissions with a recent World Economic Forum study highlighting this to be at 22% for India. Whilst there are several ongoing decarbonization initiatives both from regulation and from market participant action, this can be further accelerated by integrating business model innovation and energy-efficient technologies through solutions like district cooling delivered through cooling as a service (CAAS) model to meet the country’s growing cooling demand.
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