Author
Director & Head - Consulting, ANAROCK Property Consultants
Commercial real estate has been a reliable mainstay of the Indian real estate sector, remaining vibrant even while residential property remained in the doldrums. Now, the coronavirus has thrown a serious spanner into the works of this lucrative real estate segment, at least for next two quarters.
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• Most projects seeking ‘green building’ tag are commercial spaces; a mere 5-7% of overall green building stock is residential • While a green home results in 30-40% savings on energy and water bills, they are at least 10-15% costlier • Govt. push is towards affordable housing; sustainability and affordability are not on the same end of the pricing spectrum • Currently, ecologically degrading developments are the mainstay of Indian real estate
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