Bangalore has witnessed a significant transformation in recent years, particularly in the real estate landscape. While better construction quality, better layouts, and inclusion of amenities have been the highlight of the last few decades, we have been moving towards increasing emphasis on environmental-friendly homes. As eco-friendly development takes centre stage, the future of real estate in Bangalore is intertwined with sustainable practices.
Being a premiere real estate developer in Bangalore, SPA Group delves into the rising tide of sustainable real estate development in the city, exploring the impact of eco-friendly measures and envisioning the probable future of this dynamic sector.
1. Green Building Certifications & Standards
One of the driving forces behind sustainable real estate is the adoption of green building certifications and standards. Developers are increasingly recognizing the importance of constructing environmentally responsible structures. Certifications like LEED (Leadership in Energy and Environmental Design) and GRIHA (Green Rating for Integrated Habitat Assessment) have become benchmarks, ensuring that buildings are designed, constructed, and operated with sustainability in mind.
As reported by The Deccan Herald, Bangalore boasts an impressive 723 projects with green ratings by the IGBC (Indian Green Building Council), encompassing a vast expanse of 806.14 million sq.ft. of the built environment. Notably, 252 projects covering 117.37 million sq.ft. have already earned green certifications. This surge in green-rated projects underscores a paradigm shift in the real estate industry.
2. Co-Living & Co-Working Spaces
The concept of shared living and working spaces is gaining momentum in Bangalore’s real estate sector. As per local businesses, the city is attaining traction in terms of 30 to 40 per cent growth year-on-year since the pandemic. Co-living and co-working spaces not only promote community living but also contribute to optimal resource utilization. These sustainable property developments minimize the ecological footprint associated with individual households and office spaces while fostering a sense of collaboration and shared responsibility.
3. Integration of Smart Technologies
The future of real estate lies in the seamless integration of smart technologies. From energy-efficient lighting systems to automated climate control, smart buildings are revolutionizing the way we interact with our living and working spaces. The incorporation of IoT devices and AI-driven systems not only enhances convenience but also optimizes resource consumption, making buildings more sustainable and energy-efficient.
4. Rise of Green Spaces
In an effort to combat urban jungles and enhance the overall well-being of residents, developers are prioritizing the creation of green spaces. From rooftop gardens to community parks, these green initiatives not only provide recreational areas but also contribute to improved air quality and biodiversity.
As far as the city is concerned, Lalbagh Botanical Garden, Cubbon Park, JP Park, and more such developments enhance the well-being of the residents. Such integration of nature within urban developments is a crucial aspect of sustainability in property development.
5. Health-Oriented Amenities
The future of real estate development places a strong emphasis on health and wellness amenities. With an increased awareness of the link between the built environment and health, developers are incorporating features like fitness centres, cycling tracks, and wellness spaces within their projects. These amenities not only enhance the quality of life for residents but also align with the principles of sustainable living.
SPA Environments for the Ultimate Sustainability
As we conclude this exploration into the future of Bangalore’s sustainable real estate development, it becomes abundantly clear that we stand on the brink of a transformative era. The narrative of urban development is no longer confined to concrete structures; it is evolving into an interconnected web of environmental consciousness and eco-friendly innovation.
SPA Group, at the forefront of these progressive developments, stands as a beacon of change with its visionary projects – Ecocity and Frangipani Estates for sale off sarjapur road. These ventures not only anticipate the future but actively shape it. The commitment to sustainability, the meticulous integration of spaces, and the unwavering dedication to creating eco-friendly havens underscore SPA Group’s role as a trailblazer in sustainable real estate.
