Merusri Developers have been the market innovators when it comes to real estate. As we aim to make living better, integrating eco-sustainable development methods has been our priority.
Eco-sustainability is an overall plus for the developer, the community & the entire ecosystem as a whole. Let us see what Eco-sustainability brings to the table for the community as well as the developers.
1- Introduction:-
Eco-sustainable development is a term that refers to the ability of societies to meet their needs without compromising the ability of future generations to meet their own needs. In other words, it is the practice of utilising resources in a way that does not harm the environment or deplete natural resources. This approach to development recognizes that the earth’s resources are limited and that we must use them wisely in order to preserve them for future generations.
One of the key advantages of eco-sustainable development is that it helps to protect the environment. By using resources in a sustainable manner, we can reduce the amount of pollution and waste that is generated, which in turn helps to preserve natural habitats and biodiversity. This is important because the environment’s health is closely tied to the health of human societies. When the environment is healthy, it can provide us with clean air, water, food, and a variety of other benefits.
The real estate industry is undergoing a significant shift towards eco-sustainable development. This shift is being driven by a number of factors, including increasing concerns about climate change, the need to conserve natural resources, and the growing demand for green buildings.
One of the key drivers of this shift is the increasing awareness of the impact that buildings have on the environment. As such, there is a growing demand for buildings that are energy efficient, use sustainable materials, and have a minimal impact on the environment.
2- Why is it the need of the hour?
Eco-sustainable development is the need of the hour for a number of reasons.
First and foremost, it is essential for addressing the global environmental crisis.
Buildings are responsible for a significant portion of global greenhouse gas emissions, and the construction industry is a major contributor to environmental degradation.
-
In addition to the environmental benefits, eco-sustainable development is also important for conserving natural resources.
-
The cost of energy, water, and other natural resources is rising, and this is putting pressure on real estate developers to find ways to reduce their usage.
-
Many people are looking for ways to live more sustainably, and they are willing to pay a premium for green buildings that offer a healthier, more comfortable, and more environmentally-friendly living experience.
3- How is the change happening?
In response to this demand, many real estate developers are incorporating sustainable design principles into their projects.
-
This can include using renewable energy sources, such as solar panels and wind turbines, to power buildings.
-
It can also involve incorporating green spaces, such as rooftop gardens and green walls, to help reduce the urban heat island effect and improve air quality.
-
The use of sustainable materials, such as recycled steel and bamboo, in the construction of buildings.
-
The incorporation of energy-efficient design features, such as double-paned windows and high-efficiency heating and cooling systems, reduces the energy usage of buildings.
-
The use of water-saving technologies, such as low-flow fixtures and greywater systems, to reduce water usage.
-
The adoption of green building certification programs, such as LEED (Leadership in Energy and Environmental Design), to ensure that buildings strictly meets environmental and sustainability standards.
4- Government policies & benefits:
-
Financial incentives, such as tax breaks or grants, for real estate developers who incorporate sustainable design principles into their projects.
-
Building codes and regulations require new construction and renovation projects to meet certain sustainability standards, such as energy-efficient design and the use of sustainable materials.
-
Green building certification programs, such as LEED (Leadership in Energy and Environmental Design) in the United States provide a framework for evaluating the environmental performance of buildings and promoting sustainable design practices.
-
Energy-efficient appliance standards require manufacturers to produce appliances that meet certain energy-saving targets.
-
Renewable energy targets require a certain percentage of a country’s energy to be generated from renewable sources, such as solar or wind power.
Overall, these government policies help to encourage the adoption of eco-sustainable development in the real estate industry and promote the use of sustainable design practices. They are an important part of the global effort to combat climate change and create a more sustainable future. Furthermore, eco-sustainable development can also have positive economic effects. By using resources more efficiently and reducing waste, we can save money and reduce our reliance on non-renewable resources. This can help to boost local economies and create new jobs in the green economy. In addition, sustainable development can also attract new businesses and investments, as more and more companies are looking to invest in environmentally-friendly practices.
5- Benefit to the developer
Another factor driving the shift towards eco-sustainable development is the increasing cost of natural resources. The price of energy, water, and other resources is rising, and this is adding pressure on real estate developers to find ways to reduce their usage. By incorporating sustainable design principles, developers can create buildings that use less energy, water, and other resources, which can help to reduce operating costs and make their projects more financially viable.
6- Benefit to the buyer/ tenant
Another advantage of eco-sustainable development is that it can help to create more resilient communities. When communities are able to meet their needs without relying on non-renewable resources, they are better able to withstand environmental challenges such as droughts, floods, and other natural disasters. This is because sustainable development strategies often involve the use of renewable resources, which are more resilient and less vulnerable to disruptions.
In addition to the environmental and financial benefits, sustainable buildings are also becoming increasingly popular with tenants and buyers. Many people are looking for ways to live more sustainably, and they are willing to pay a premium for green buildings that offer a healthier, more comfortable, and more environmentally-friendly living experience. As such, sustainable buildings are becoming an important differentiator for real estate developers, and they are helping to drive demand for eco-friendly properties.
7- Conclusion
Despite the many advantages of eco-sustainable development, there are also challenges and obstacles that must be overcome in order to achieve this goal. For example, there may be resistance from certain industries or individuals who stand to lose from the transition to a more sustainable society. Additionally, there may be financial barriers to implementing eco-friendly policies and technologies.
Despite these challenges, there is growing recognition of the need for eco-sustainable development and many governments, organisations, and individuals are working to promote this approach to development. For example, the United Nations has established the Sustainable Development Goals, which outline specific targets for improving the sustainability of the global economy and protecting the environment.
In conclusion, eco-sustainable development is a crucial approach to meeting the needs of the present without compromising the ability of future generations to meet their own needs. By protecting the environment and creating new job opportunities, eco-sustainable development can have numerous advantages for both individuals and society as a whole. Despite the challenges that must be overcome, there is growing recognition of the need for this approach to development and efforts are being made to promote it on a global scale.
The shift towards eco-sustainable development in the real estate industry is also a positive trend. It is helping to reduce the environmental impact of buildings, conserve natural resources, and create healthier, more comfortable living spaces. As such, it is likely that we will continue to see more and more real estate developers incorporating sustainable design principles into their projects in the future.
