IGI Logo

* Bengaluru topped the Sustainability Index amongst the top Indian cities: ranks 14^thin the APAC region

* Singapore topped the Sustainability Index for the APAC region

Mumbai : Knight Frank, a renowned international property consultant, in its latest report, Active Capital Asia-Pacific - Rising Capital in Uncertain Times has ranked Singapore, Sydney, Wellington, Perth, and Melbourne as the top five green-rated cities in commercial real estate in the Asia-Pacific region. Four Indian cities Bengaluru, Delhi, Hyderabad and Mumbai also made it to the list of top-twenty sustainable cities as per the APAC Sustainability Index 2021.Knight Frank’s APAC Sustainably Led Cities Index rated36 cities based on urbanization pressure, climate risk, carbon emissions and government initiatives.

Bengaluru led the sustainability index amongst the top Indian cities andranked14^thin the APAC region. Bengaluru is the only Indian city to achieve the Gold standard category. Delhi ranked second amongst the Indian cities (ranked 17^th in the APAC region) followed by Hyderabad (ranked 18^th in the APAC region) and Mumbai (ranked 20^th in the APAC region).

APAC SUSTAINABILITY INDEX 2021

Standard refers to the willingness of the cities in accepting and adapting to ESG metrics. Platinum indicates that the city is very advanced and extremely open to accepting and adapting to ESG metrics from all stakeholders to a high degree. Gold indicates that the city is slightly advanced and somewhat open to accepting and adapting to ESG metrics from all stakeholders to a certain degree. Silver indicates that the city is advanced and open to accepting and adapting to ESG metrics from all stakeholders to a limited degree.

Shishir Baijal, Chairman and Managing Director Knight Frank India, commented, “New market dynamics have propelled the growth of sustainable development in India. The global commitment to carbon neutrality and Net Zero is firmly focused on creating environmentally friendly premises has led Indian developers to augment their products to meet the requirements. With more and more occupiers demanding for sustainable, green and well standard buildings, we expect these features to become a universal standard, rather than a novelty, in the foreseeable future. As indicated in our Sustainability Index, four Indian markets feature in top 20 in the APAC region which is a good indication of the real estate sector’s commitment to creating sustainable development.”

To Read Complete Report & Disclaimer Click Here
 

Above views are of the author and not of the website kindly read disclaimer