Realtors’ apex body CREDAI on Monday said its members have undertaken development of more than 55 green projects across the country as per the norms of Indian Green Building Council (IGBC) and sought loans at concessional interest rates to promote such projects. In April, Confederation of Real Estate Developers Association of India (CREDAI) entered into a partnership with IGBC to facilitate its members to develop certified environmental-friendly housing projects.

The association had pledged the development of 1,000 green-certified projects in next two years and 4,000 projects by 2030. On the occasion of World Environment Day, CREDAI, in a statement, said, “its member developers have undertaken more than 55 green projects, totalling 32 million square feet with the IGBC, under CREDAI’s 'Green Crusaders’ Programme.”

“CREDAI is aggressively striving towards increasing awareness for further adoption of green building practices, which is in line with our overarching objective of achieving net zero for Indian real estate,” CREDAI National President Boman Irani said. He said the CREDAI members across the country are supporting this initiative and hoped that it would lead to a transformative impact on the construction sector.