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Which City Leads in Green Office Space as India Witnesses a 36% Increase Since 2019?
A)
Chennai
B)
Lucknow
C)
Bengaluru
D)
Ahmedabad

Correct Answer :   Bengaluru


Bengaluru claims the top spot for green office spaces in India, according to the CBRE-CII report 'Indian Real Estate: Taking Giant Strides - 2023 Mid-Year Outlook.' Over the last three and a half year.

In a significant development for India’s real estate sector, Bengaluru has emerged as the city with the highest green-certified office space. This achievement is part of a broader trend showcased in the ‘Indian Real Estate: Taking Giant Strides – 2023 Mid-Year Outlook’ report jointly released by real estate consultant CBRE and industry body CII during the CII Realty conference.


Green-Certified Office Space Growth :

The report highlights a remarkable 36% growth in green-certified office space across six major Indian cities over the past three and a half years. In 2019, the total green-certified office stock stood at 251 million square feet, but it has now surged to an impressive 342 million square feet.


Key Findings :

Bengaluru’s Leading Role : Bengaluru has taken the lead in this green revolution, showcasing the most significant growth in green office space. This trend underscores the city’s commitment to sustainability and eco-friendly workplaces.

Report Launch : The CBRE-CII report, titled ‘Indian Real Estate: Taking Giant Strides – 2023 Mid-Year Outlook,’ was unveiled during the CII Realty conference. It serves as a comprehensive overview of the real estate sector’s progress and prospects in the current year.

Green-Certified Office Stock : The report emphasizes the substantial expansion of green-certified office space from 2019 to 2023, reflecting a strong industry response to environmental concerns and evolving global and domestic Environmental, Social, and Governance (ESG) regulations.

Sustainable Business Practices : The report underscores the growing importance of ESG considerations among businesses, driving a “flight-to-quality” wave among occupiers. This shift reflects a preference for modern, premium, and sustainable office spaces in the medium to long term..

Source : Money Control

Published On : September 28, 2023
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