Economy & Market
Godrej Properties ties up with GRIHA for green rating of projects
Real estate player Godrej Properties recently signed an MoU with GRIHA Council for implementation of green building concepts and GRIHA Rating variants for its NCR projects. As part of the understanding, GRIHA Council will help the company set up a project implementation unit for executing GRIHA Certification and shall be working with it to maximise awareness and outreach on green initiatives through publicity campaign, marketing collaterals and dedicated links to GRIHA Council website. The developer, in collaboration with the council, will also establish a review committee to monitor and provide guidance for smooth implementation of the green building initiative.
Under this collaboration, Godrej Properties has committed to registering about 8 million square feet building footprint with GRIHA Council, taking into account its significant upcoming and future projects in NCR.
Speaking on the occasion, Sanjay Seth, Chief Executive Officer, GRIHA Council, said, "I welcome the initiative taken by such a major real estate entity towards integrating green concepts in its future projects. GRIHA is privileged to have been chosen by a trusted brand such as Godrej as its trusted partner in this journey. We, at GRIHA Council, undertake to build up internal capacities within Godrej Properties to help obtain GRIHA rating for its upcoming housing and commercial projects."
Vikas Singhal, Region Head NCR 1, Godrej Properties, said, "Good and Green is one of the key tenets that Godrej Properties Limited (GPL) adheres to. As part of this philosophy, GPL strives to make environmental sustainability an integral part of the construction processes and value chain across our business. Our collaboration with GRIHA is a significant step in this direction. By building GRIHA certified green buildings, we are not only fostering sustainable development amongst the present generation, but also paving the way for future generations".
Together with the Ministry of New and Renewable Energy (MNRE), Government of India, TERI developed GRIHA (Green Rating for Integrated Habitat Assessment), which was endorsed as the 'National rating system for green buildings in India' in the year 2007.
GRIHA is an indigenous green building rating system developed specifically to suit Indian climate and construction practices. The rating aligns itself with the national regulatory framework and policies, such as, National Building Code, Energy Conservation Building Code, Ministry of Environment and Forests clearance, Central Pollution Control Board guidelines etc. India, in its INDC document submitted at COP21 in Paris has highlighted GRIHA as an indigenous green building rating system developed in India.