Zero-carbon strategies for real estate markets in emerging Asia: India case study |
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Citation: Professor Ashish Gupta, Professor Graeme Newell (2024) Zero-carbon strategies for real estate markets in emerging Asia: India case study.
London: Property Research Trust. DOI: https://doi.org/10.52915/VPDK6699 Keywords: Real Estate, Asia, India, sustainability, net zero-carbon, management strategies, climate risk, low-carbon transformation, real sector. |
Summary:
Environmental sustainability has taken on increased global significance in recent years, with an increased focus on climate resilience and net-zero carbon (NZC) strategies. This is particularly relevant to the real estate industry, as it seeks to future-proof real estate portfolios using effective climate risk management strategies. Environmental sustainability issues are equally applicable in both the developed and emerging real estate markets. This report focuses on net-zero carbon strategies for real estate in India. We conducted interviews with leading players in India’s real estate industry. This enabled in-depth understanding and insight of the critical issues for achieving net-zero carbon in India, and identified the most effective pathways forward for real estate. Many of the issues concerning India are equally relevant to other emerging markets in Asia, so this report should also appeal to a wider audience. This study evaluates key barriers, challenges and opportunities in the adoption of NZC, and recommends strategies for low-carbon transformation of India’s real estate sector. Key barriers and challenge |
Authors
Professor Ashish Gupta is a professor at the RICS School of Built Environment, Amity University, India. He has over 25 years of experience as a real estate consultant, investment adviser and academic, working with leading players in real estate in India (e.g. JLL). He has strong contacts with national and international real estate professionals in India. Ashish has research interests in the areas of real estate valuation, investment, land management, sustainability and real estate risk management. He has published in the leading real estate journals, including JPIF, JPR, PM, JREL, IJHMA and LUP - and his cased are listed with Harvard Business Publishing. He has also received several research grants (e.g. IPF). Ashish is a Fellow of the Royal Institution of Chartered Surveyors and the Indian Institute of Architects.
Professor Graeme Newell is a professor of property investment at Western Sydney University, Australia and has more than 45 years of experience in applied real estate research. Graeme has strong links to the real estate industry, both in Australia (e.g. API, PCA) and internationally (e.g. IPF, ANREV, APREA, INREV). He has published over 165 papers in the leading real estate journals (e.g. JPR, JPIF, JRER, JRPEM) in a range of areas relevant to the real estate industry. These areas include international real estate markets, REITs, non-listed real estate funds, portfolio analysis, and the role of real estate in institutional. Graeme has published several papers concerning environmental sustainability issues in real estate. He has also received a significant number of research grants in real estate, These environmental sustainability research grants were from IPF, API and APREA.
Professor Graeme Newell is a professor of property investment at Western Sydney University, Australia and has more than 45 years of experience in applied real estate research. Graeme has strong links to the real estate industry, both in Australia (e.g. API, PCA) and internationally (e.g. IPF, ANREV, APREA, INREV). He has published over 165 papers in the leading real estate journals (e.g. JPR, JPIF, JRER, JRPEM) in a range of areas relevant to the real estate industry. These areas include international real estate markets, REITs, non-listed real estate funds, portfolio analysis, and the role of real estate in institutional. Graeme has published several papers concerning environmental sustainability issues in real estate. He has also received a significant number of research grants in real estate, These environmental sustainability research grants were from IPF, API and APREA.