Green Building Practices: The Future of Sustainable Real Estate
By Mr Sunil Bedi, Founder, JMD Group
The real estate industry is undergoing a significant transformation, driven by the growing importance of green building practices. As sustainability becomes a key factor in decision-making for both developers and consumers, the adoption of eco-friendly construction methods is reshaping the market. Green building practices not only address environmental concerns but also offer economic and social benefits, making them a vital component of modern real estate development.
Defining Green Building Practices
Green building practices refer to the methods and principles used to create structures that are environmentally responsible and resource-efficient throughout their lifecycle. These practices focus on several core aspects:
Energy Efficiency: Utilizing advanced technologies and designs to reduce energy consumption in buildings.
Sustainable Materials: Incorporating materials that have a minimal environmental impact, are recycled, or are sustainably sourced.
Reduced Environmental Impact: Implementing strategies to minimize the ecological footprint of buildings, such as using renewable energy sources and improving water efficiency.
Impact on Property Values
Green building practices significantly influence property values. Buildings that incorporate energy-efficient systems and sustainable materials often command higher prices in the market. For example, properties with LEED (Leadership in Energy and Environmental Design) certification are highly sought after due to their proven commitment to sustainability. As consumer awareness of environmental issues grows, so does the demand for green buildings, leading to a positive effect on property prices.
Development and Investment Opportunities
The green building sector presents emerging opportunities for developers and investors. Successful green building projects demonstrate that eco-friendly construction can be both profitable and sustainable. For instance, the Bullitt Center in Seattle, known as the greenest commercial building in the world, has set a benchmark in the industry. Such projects attract investors looking for long-term gains and reduced risk, as green buildings tend to have lower operating costs and higher tenant retention rates.
Enhancements in Urban Living
Green building practices contribute to significant improvements in urban living. They promote healthier indoor environments through better air quality and natural lighting. Energy-efficient designs lead to reduced energy costs for occupants, while the use of sustainable materials ensures a lower environmental impact. These enhancements not only improve the quality of life for residents but also drive demand for green properties as more people seek out sustainable living options.
Conclusion
The future of real estate lies in embracing green building practices. As sustainability continues to shape the industry, developers, investors, and consumers must recognize the long-term benefits of eco-friendly construction. By focusing on energy efficiency, sustainable materials, and reduced environmental impact, green building practices offer a pathway to a more sustainable and prosperous future in real estate.
udaan Partners with the Ministry of Consumer Affairs, Food and Public Distribution, and SIDBI
udaan Partners with the Ministry of Consumer Affairs, Food and Public Distribution, and SIDBI to transform Fair Price Shops into ‘Jan Poshan Kendras’
New Delhi, August 20, 2024: udaan, India’s leading eB2B platform, today announced a partnership with the Ministry of Consumer Affairs, Food and Public Distribution, and the Small Industries Development Bank of India (SIDBI) to transform Fair Price Shops (FPSs) into ‘Jan Poshan Kendras (JPK)’. This initiative by the Ministry of Consumer Affairs, Food and Public Distribution, is aimed to enhance the income of Fair Price Shops (FPS) dealers while improving nutritional outcomes for beneficiaries. The initiative further aims to provide upskilling, access to credit and ongoing financial support to FPS dealers, enabling them to offer nutrition-dense non-Public Distribution System (PDS) commodities at their shops.
The initiative was launched in the presence of Shri Pralhad Joshi, Hon’ble Union Minister of Consumer Affairs, Food and Public Distribution & New and Renewable Energy in New Delhi today. Also present at the occasion were Shri Manoj Mittal, Chairman & Managing Director from SIDBI, and Vaibhav Gupta, Co-Founder & CEO of udaan.
Vaibhav Gupta, Co-Founder and CEO, udaan, said, “At udaan, our mission has always been to empower small businesses and create a more inclusive and efficient marketplace. The Jan Poshan Kendra Development initiative of the Ministry of Consumer Affairs, Food and Public Distribution, in association with SIDBI and udaan, is a significant step towards achieving that vision. By modernising Jan Poshan Kendra and expanding their access to a diverse range of products, the initiative aims to empower these essential community businesses while contributing to the broader goal of ensuring that every Indian has access to quality and affordable nutrition. We are proud to be a part of this transformative initiative that will uplift both the small shops and the communities they serve.”
As part of this initiative, udaan will enable Jan Poshan Kendras to access a broader and more diverse assortment of food products through its eB2B platform. This will address the requirements such as the availability of wide variety of products, regular stocking of frequently demanded products, and the need to serve a large and diverse population. This initiative will provide the Jan Poshan Kendras with large variety and adequate quantity of nutritional options at regular intervals to cater to the communities in the areas they are present.
Under the pilot initiative, approximately 60 selected Fair Price Shops (15 FPSs from each pilot district/ state) across four States: Rajasthan (Jaipur), Uttar Pradesh (Ghaziabad) Telangana (Hyderabad), and Gujarat (Ahmedabad) have been identified. Post a successful validation of the model, the initiative aims to expand and cover ~1.3 lakh Jan Poshan Kendras identified by the Ministry of Consumer Affairs, Food and Public Distribution for modernisation. To provide impetus to this initiative through financial assistance, SIDBI will offer credit facilities to these Jan Poshan Kendra, enabling them to purchase food grains and FMCG products through udaan’s platform. As part of the pilot project being undertaken in various States, udaan will offer access to over 3500 products across various staples and FMCG categories, ensuring that Jan Poshan Kendras can meet the diverse nutritional needs of their communities. This initiative is a significant step towards realising the Government’s vision of a healthy and well-nourished India.
By being part of this initiative, Jan Poshan Kendras will immensely benefit from quality products at affordable pricing, a wider variety of food products and selections, better product availability, and enhanced convenience of ordering anytime. In turn, the underserved communities that they serve will gain access to a broader range of essential nutritional options at various price points, thereby improving their overall nutrition.
In collaboration with the Ministry of Consumer Affairs, Food and Public Distribution and SIDBI, udaan has already conducted multiple educational workshops for Jan Poshan Kendra owners, educating them on the benefits and opportunities provided by this initiative. The response from shop owners has been overwhelmingly positive, indicating strong support and enthusiasm for the initiative.
Dwarka Expressway: Property hotspot with unmatched Investment Potential
Located strategically between Delhi and Gurgaon, Dwarka Expressway has emerged as one of the most attractive property destinations.
By Mr. Vijay Jain, Managing Director, Star Estate
Unlike the traditional property hotspots in Delhi-NCR, Dwarka Expressway stands out with its well-planned infrastructure and superb connectivity. Its proximity to key landmarks, including Indira Gandhi International Airport and the upcoming Diplomatic Enclave, makes this corridor a perfect investment destination for residential and commercial real estate.
As the Expressway ensures a high level of accessibility and convenience the location has emerged as an attractive choice for both the investors and homeowners. Dwarka Expressway is also characterized by its state-of-the-art infrastructure. If we compare this location with all the other property destinations in Delhi-NCR, Dwarka Expressway has set a distinctive high standard for modern urban living. Touted as a game changer, the Dwarka Expressway property market offers well-designed residential and commercial spaces. Buoyed by the high sentiments of the investors, the property values in this burgeoning real estate market have appreciated significantly.
While there is high demand in this market, the rising property values have increased interest from top developers. Already the early investors at this location are reaping rich rewards in the form of significant returns on their investments. The area’s appeal is further enhanced by the ongoing development of world-class amenities and infrastructure.
As gradually more and more real estate projects are nearing possession, the potential for capital appreciation is amplifying manifold.
Another important hallmark of this location that particularly attracts end-users is its contribution to offering a balanced lifestyle. While providing modern living and luxurious amenities, most of the residential projects along Dwarka Expressway are designed to offer a distinctive blend of luxury and convenience.
In terms of amenities, the area boasts everything from landscaped gardens and clubhouses to world-class fitness centers and recreational facilities, catering to a diverse range of needs and preferences. Meanwhile, the real estate players at Dwarka Expressway are focused on providing high-quality living. It has swiftly emerged as a premier destination for real estate investment.
However, before finalising a property at Dwarka Expressway, it’s advisable to conduct thorough research. In this process, the consultation with experienced real estate professionals equally remains crucial. It is important to make informed investment decisions. As opportunities are aplenty, the investors should fully understand the available options. Taking into consideration all these factors, and by understanding the market dynamics the investors and the homebuyers can capitalize on the high potential Dwarka Expressway real estate markets.
Young Mountaineer from Odisha – Chinmaya Maharana seeks financial assistance for expedition to Mount Elbrus
Young Mountaineer from Odisha – Chinmaya Maharana seeks financial assistance for the expedition to Mount Elbrus the Highest peak in Europe (5642mtr/18510ft) from 10 to 22 Aug 2024
Bhubaneswar, August 8, 2024: Chinmaya Maharana a young international Mountaineer sportsperson from Odisha is looking for financial assistance for the expedition to Mountain Elbrus, the highest mountain in Russia and Europe. He belongs to Raghurajpur village in Puri district. Raghurajpur is a heritage village in the Puri district of Odisha, India. It’s known for its arts and crafts, including Pattachitra painting, stone carvings, palm leaf inscriptions, and traditional dances. The village is also known for its Odishi village and Gotipua dance.
Chinmaya Maharana has built up this career in adventure sports, particularly mountain expeditions and he has achieved so many adventure mountaineer activities in the recent past.
Adventure Activities:
- Successfully summited the highest Peak of the African continent Kilimanjaro (19341ft) in 2022
- Successfully summited YUNAM (6111mtr/20049ft) Himalayan Rang, India. In 2021
- Successfully climbed Rudugaira (19000ft) India, Uttarkashi in 2019
- Successfully climbed Darwa Top (13000ft) India, Uttarkashi in 2018
- Successfully climbed Palung II (18000ft) India, Sikkim Himalaya in 2017
- Successfully summited Stock Kangry (6153mtr/20187ft) Ladakh, India in 2016
- Successfully summited Ranisui (13123ft) Manali in 2016
- Successfully summited Lamaduag (11482ft) Manali in 2016
- Successfully climbed Shetadhara Peak (15700ft) in Manali, Himachal Pradesh. In 2015
- Successfully participated in the Biju Pattanaik Himalayan Expedition – 2018 as a Team Leader.
- Completed BMC from Atal Bihari Vajpayee Institute Allied Sports (ABVIMAS) in 2015. in 2017, from the renowned Jawahar Institute & Winter Sports Pahal gam, J & K, and (HMI) Darjeeling, India.
- Displayed the Patachitra painting of Lord Mahaprabhu Jagannath’s Nagarjuna Besha the highest Peak in the Africa continent upon Reaching the Peak.
- Under my Leadership during the Yunam Expedition 75mtr Long National flag was Exhibited on the Peak while celebrating the 75th year of Independence with 75 Participants the first in the Himalayan range.
- He is the first person from Odisha state who hosted Lord Maha Prabhu Shree Jagannath Flag (Baana) on the Top of the Yunam peak during the Expedition Conducted Last year.
Please reach out to Chinmaya Maharana at his number 8093987914 for any sort of financial help. This will help him to scale highest peaks in the world in his future endeavors.
2nd CREDAIbility-themed Property Show Inaugurated
Hyderabad, 10th August 2024: CREDAI, the Confederation of Real Estate Developers’ Associations of India, the country’s apex body of private real estate developers, after the mega success of the property show at Hitex to organize the 2nd CREDAIbility-themed property show at Shree Convention Centre in Kompally from 9th to 11th of August 2024. At the property show, the best projects featuring Apartment complexes, Villas, Plots, and Commercial Spaces in the areas of Balanagar, Kompally, Shamirpet, Medchal, Alwal, Patancheru, etc will be on display under one roof.
Mr. V. Rajashekar Reddy, President of CREDAI Hyderabad, said, “Hyderabad’s real estate industry is strong and expanding rapidly with an Annual growth (CAGR) of 29% in total value of unit sales from H1-CY19 to H1 CY24. The city has registered a 257% increase in value of units sold for H1-CY24 Vs. H1-CY19 and 148% growth in housing unit sales with 38.643 units sold in H1 – CY24 vs H1-CY 19. These numbers highlighted in Hyderabad Housing Report by CREDAI Hyderabad in association with CRE Matrix highlight the rapid momentum and positive sentiment on ‘Brand Hyderabad.’ Hyderabad is rapidly evolving into a global city, marked by ambitious infrastructure projects such as the construction of new radial roads under SRDP, expanded metro and MMTS network, plans for rapid transit corridors to enhance last-mile connectivity. The Musi Riverfront initiative aims to establish a vibrant recreational space, while advancements in digital technology will further propel the city’s modernization. The Government under the leadership of Hon’ble CM Shri A. Revanth Reddy, is acting fast and decisively to accelerate the growth and investment in the city while preserving the heritage and promoting sustainable development in the city.”
Mr. Reddy further added “The proactive government policies have ensured a 360o growth across the city, preventing congestion in one area while the other parts lag behind. North Hyderabad is known for its e-commerce warehouses, Medical Devices Park and ‘Genome Valley,’ – a hub for life sciences and medical research. To highlight this region, that has a vast array of real estate projects, we’re hosting a property show in North Hyderabad from August 9th to 11th, 2024, and anticipate a strong response.”
Adding to this Mr. N. Jaideep Reddy, President-elect of CREDAI Hyderabad, said, “A city’s real estate growth hinges on government policies that promote industrial and infrastructure development. Under the proactive leadership of Hon’ble Chief Minister Shri A. Revanth Reddy, sustainable growth is encouraged, and future bottlenecks are addressed. His efforts to acquire defence lands for elevated corridors will significantly boost the Northern part of the city and drive real estate growth. Hyderabad remains a global business hub, attracting MNCs and fostering a vibrant local entrepreneurship ecosystem. The CREDAIbility property show, from August 9th to 11th, will showcase how premium housing now incorporates smart home technologies and eco-friendly features, aligning with the modern buyer’s expectations in North Hyderabad.”
According to Mr. B. Jagannath Rao, Secretary of CREDAI Hyderabad, “To ensure 360o growth across the city, industrial corridors are spread across Core Urban Region (CUR) of Hyderabad. North corridor has benefitted from this. To elevate this region to the level of the west, the tallest IT Tower at Kandlakoya, capable of hosting 100 companies and employing 50,000 people, is being built. This region is also a hub for bio-medical R&D, with over 200 companies and 15,000 employees, including global giants like Novartis and GlaxoSmithKline. The Hyderabad-Nagpur Industrial Corridor (HNIC) will further accelerate growth, driving up demand for housing.”
“North Hyderabad has seen a 179% increase in units sold in H1 CY24 as compared to H1 CY19, with a 23% CAGR in the total value of sales. Properties priced between ₹1-2 Cr saw a 264% surge, while those under ₹1 Cr grew by 128%. Even the ₹2 Cr – 5 Cr segment saw a 157% increase in sales. The average unit value in H1 CY24 has risen by 35% from H1 CY19 to ₹1 Cr. These trends show a significant spike in demand and property values in North Hyderabad. With further price increases expected, now is the time for homebuyers to explore the #CREDAIbility property show at Sree Convention Centre, Kompally, from 9th to 11th August 2024, and secure their dream home before prices soar.”
Snapshot of Hyderabad Real Estate
Hyderabad Housing Report by CREDAI Hyderabad in association with CRE Matrix: July 2024:
- The Hyderabad Real Estate market has experienced a substantial Compounded Annual Growth Rate (CAGR) of 29% in total value of unit sales from H1-CY19 to H1-CY24
- Rs.58,841 Cr. is the Total Value of homes sold in Hyderabad for H1 – CY24 – Highest ever yearly sales value
- Rs. 1.5 Cr is avg. value of flat sold in the city for H1- CY24 which is up by 44% vs H1-CY19 whereas Rs. 1 Cr is avg. value of flat sold in North Hyderabad.
- Maximum sales in Hyderabad for properties in price segment of less than Rs. 7000/sq ft. However, customers prefer larger flats as compared to other metros
- Hyderabad Registered a 449% growth in segment of Rs. 5 – 10 Cr. Valued at Rs. 7,427 Cr. in H1 CY24
International Rett Syndrome Foundation to Host 17th Annual St. Louis Strollathon
All funds raised support the nonprofit’s mission to empower families and accelerate research toward treatments and a cure for Rett syndrome.
(St. Louis, Mo., Aug. 9, 2024) — The International Rett Syndrome Foundation (IRSF) will host its 17th annual St. Louis Strollathon on Sat., Oct. 19 with registration starting at 1 p.m. and the walk beginning at 2 p.m. The one-mile family-friendly stroll, which will be held at the JCC St. Louis located at 2 Millstone Campus Dr., includes a visit from Fredbird, entertainment and food.
The St. Louis Strollathon has raised a total of more than $900,000 since its first event in 2008. The Strollathon is the area’s major fundraising event and brings together families from across the Midwest affected by Rett syndrome. All proceeds will benefit the International Rett Syndrome Foundation.
Rett syndrome is a rare genetic neurological disorder that occurs almost exclusively in girls (one in 10,000 births), more rarely in boys, and leads to severe impairments. It is usually recognized in children between six to 18 months as they begin to miss developmental milestones or lose abilities they had gained, including their ability to speak, walk, eat, and even breathe. Rett particularly affects speech, purposeful hand use, and coordination, leaving individuals trapped in their own bodies, understanding more than they can communicate. There is currently no cure for Rett syndrome.
St. Louis is home to a specialty clinic – a collaboration between Washington University School of Medicine and St. Louis Children’s Hospital. The clinic has a team of specialists with substantial experience in the diagnostic evaluation and treatment of individuals with Rett syndrome.
Since 2004, these nationwide family-friendly strolls have raised more than $17 million to advance IRSF’s mission to empower families and accelerate research toward a world without Rett Syndrome.
The International Rett Syndrome Foundation (IRSF) is the leading Rett syndrome research and advocacy organization. IRSF has invested over $58 million in research leading to identifying Rett syndrome’s cause, demonstrating Rett syndrome is reversible in mice, and supporting the clinical trials that led to the first-ever FDA-approved treatment. For more information, visit www.rettsyndrome.org.
Donations are appreciated to the Strollathon, which is free and open to the public. For more information, call (314) 346-1323 or visit the organization’s website at www.st-louis.strollathon.org.
Real Estate Investment in Florida: An In-Depth Analysis
Florida, known for its sunny beaches, vibrant cities, and dynamic economy, has long been a hotspot for real estate investors. From Miami’s bustling streets to the tranquil shores of the Gulf Coast, the state’s diverse landscape offers a multitude of opportunities for both residential and commercial investments. This article explores why real estate in Florida is considered a good investment, analyzing various factors such as market trends, economic indicators, demographic shifts, and future prospects.
1. Market Trends and Performance
a. Strong Market Growth
Florida’s real estate market has seen substantial growth over the past decade. According to the Florida Realtors Association, the state’s median home prices have consistently increased, outpacing national averages. Major metropolitan areas like Miami, Orlando, and Tampa have witnessed double-digit price appreciation, driven by high demand and limited supply.
b. High Demand
The demand for real estate in Florida is fueled by several factors, including its popularity as a tourist destination, a favorable climate, and a growing population. The state attracts millions of tourists each year, many of whom decide to invest in vacation homes or rental properties.
c. Diverse Investment Opportunities
Florida offers a wide range of investment options, from luxury beachfront properties to affordable suburban homes and commercial real estate. Investors can choose from single-family homes, condominiums, multi-family units, and office spaces, catering to different budgets and investment goals.
2. Economic Indicators
a. Robust Economy
Florida’s economy is one of the largest and most diverse in the United States. The state’s GDP growth rate consistently exceeds the national average, driven by industries such as tourism, aerospace, healthcare, and finance. A strong economy translates into a healthy real estate market, with stable property values and rental incomes.
b. Job Growth
The state’s job market is another critical factor contributing to real estate investment attractiveness. Florida boasts one of the highest job creation rates in the country, with significant growth in sectors like technology, healthcare, and hospitality. This influx of jobs attracts new residents, increasing demand for housing and commercial spaces.
c. Tax Advantages
Florida’s tax environment is highly favorable for real estate investors. The state has no personal income tax, and property taxes are relatively low compared to other states. Additionally, there are various tax incentives for businesses, making it an attractive destination for commercial real estate investments.
3. Demographic Shifts
a. Population Growth
Florida’s population growth is one of the fastest in the nation. The state is a top destination for retirees, known as “snowbirds,” who migrate from colder northern states. This demographic trend creates a steady demand for residential properties, particularly in areas known for retirement communities such as Sarasota, Naples, and The Villages.
b. Millennial Influx
In recent years, Florida has also seen an influx of younger residents, particularly millennials, who are attracted by the state’s job opportunities, affordable cost of living, and vibrant urban centers. This demographic shift is boosting demand for urban apartments, rental properties, and starter homes.
4. Future Prospects
a. Infrastructure Development
Florida is investing heavily in infrastructure development, which bodes well for the real estate market. Projects such as the expansion of highways, improvements in public transportation, and the development of new airports are enhancing connectivity and making various regions more accessible and attractive to investors.
b. Technological Advancements
The rise of technology and innovation hubs in cities like Miami and Tampa is driving demand for commercial real estate. Tech companies and startups are setting up offices in Florida, leading to increased demand for office spaces, co-working environments, and tech-friendly residential areas.
c. Sustainable Development
Sustainable and eco-friendly real estate developments are gaining traction in Florida. Green buildings, energy-efficient homes, and environmentally conscious communities are attracting environmentally aware investors and residents, adding a new dimension to the real estate market.
5. Investment Strategies
a. Buy and Hold
The traditional buy-and-hold strategy remains popular in Florida, given the state’s long-term appreciation potential. Investors purchase properties to rent out, benefiting from steady rental income and capital appreciation over time.
b. Vacation Rentals
Investing in vacation rentals is another lucrative strategy in Florida. The state’s tourism industry ensures a consistent stream of visitors, making short-term rentals a profitable venture. Platforms like Airbnb and Vrbo have made it easier for investors to manage vacation rental properties.
c. Fix and Flip
The fix-and-flip strategy involves buying distressed properties, renovating them, and selling them for a profit. Florida’s real estate market offers numerous opportunities for this strategy, especially in urban areas undergoing revitalization.
d. Commercial Real Estate
Investing in commercial properties such as office buildings, retail spaces, and industrial parks can yield high returns. Florida’s growing economy and business-friendly environment make commercial real estate a promising investment avenue.
6. Risks and Considerations
While Florida offers numerous real estate investment opportunities, it’s essential to be aware of potential risks:
a. Natural Disasters
Florida is prone to hurricanes and flooding, which can pose risks to property investments. Investing in comprehensive insurance and choosing properties with robust construction can mitigate these risks.
b. Market Volatility
Like any real estate market, Florida can experience fluctuations. It’s crucial to conduct thorough market research and invest in properties with strong fundamentals to weather market downturns.
c. Regulatory Changes
Changes in zoning laws, property taxes, and rental regulations can impact real estate investments. Staying informed about local regulations and working with experienced real estate professionals can help navigate these challenges.
Conclusion
Real estate in Florida is a promising investment due to its strong market growth, robust economy, favorable tax environment, and diverse demographic trends. The state’s unique combination of high demand, diverse investment opportunities, and future prospects makes it an attractive destination for real estate investors. However, like any investment, it comes with its own set of risks and challenges. Conducting thorough research, staying informed about market trends, and working with experienced professionals can help investors maximize their returns and build a successful real estate portfolio in the Sunshine State.
Your Glasses Seasonal Update
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