Sustainable growth: Only option now

As the current worsening pollution level in cities like Delhi has sounded an alarm bell for policy makers, it is high time we think seriously about sustainable growth. Growth is inevitable but what is the need of the hour is sustainable growth.

We have already witnessed the disruptions to the economy that public health crises like Covid-19 can affect.

The vision for 2047, therefore, must be one that is built on a solid foundation of environmental sustainability, and nature-based solutions. We need to understand that resources of the planet are not infinite, and our endeavour must be to use them judiciously, and that is where innovation becomes paramount; be it in designs, processes, systems, etc. “Industry can make sure that it adopts sustainable practices in order to be more eco-friendly, socially responsible, and economically.”

Green Building: The use of environmentally friendly and sustainable construction materials such as smart bricks rice husks, and bamboo will drastically reduce greenhouse gas emissions, waste management, and energy conservation.

Sustainable Design: As part of sustainable design and architecture, eco-friendly materials are used, energy efficiency is optimized, renewable energy sources are included, water conservation is promoted, and efficient waste management systems are implemented.

Green Policy: The incentivizing of real estate policy will play an essential role in transforming the real estate industry in India into a sustainable one. We must not ignore the sustainability angle. It is time to think about innovation growth. India has made commendable strides in renewable energy, but the transition from fossil fuels to clean energy is a monumental task.

As the economy gains momentum, sustainable development is increasingly becoming a priority for viable economic growth. Enhanced focus on Environmental, Social and Governance (ESG) regulations is increasingly becoming imperative across sectors, including real estate.