Sustainable Retrofits In Buildings

By Author: Loknath Swain
Total Articles: 22
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Real estate firms are pursuing energy efficiency retrofits to directly lower their operating expenses and mitigate the risk associated with rising energy costs. In an uncertain economic setting, real estate managers are increasingly focused on managing the risks associated with their portfolios and turning toward operational efficiencies to drive down costs and increase net operating income.

Recently firms are moving their real estate portfolios toward greater sustainability with a primary focus on energy efficiency upgrades. Many decision makers are pursuing energy efficiency projects in their existing portfolios for additional reasons related to energy efficiency, including keeping assets competitive and attracting the highest quality tenants who are seeking more efficient, greener space.

Firms that have made the commitment to more sustainable real estate understand that this benefits corporate real estate fundamentally in the same manner it benefits business in general. That is to say: More sustainable real estate operations align a real estate organization’s social and commercial responsibility to drive ...
... innovation and short-term and long-term value creation.

Energy efficiency in buildings is clearly a pressing issue. Globally, buildings are responsible for about one-third of the world’s energy use. Not only do buildings use more energy than any other industry, but their share of energy use is expected to grow ever-more intense. Numerous studies have proven that simple acts such as commissioning a building or installing more efficient light bulbs not only save resources but also pay for themselves in a relatively short time period. However, many office buildings in India have not even implemented simple retrofits, let alone more complex and expensive retrofits.

ProjectWell is India's first and only Development Management Company in Real Estate in India. ProjectWell views projects from a 'cradle to cradle' perspective and derive solutions for the entire life-time of a real estate project. ProjectWell is involved in developing integrated communities which take you back to your childhood.

Projects in India have traditionally changed ownership first during the transition from land owner to developer and then during the transition from construction to occupancy stages. With change of ownership comes changes in the perspective towards the project. ProjectWell looks at project not in 3 different stages, but in a holistic manner, considering its evolution throughout its life span. ProjectWell's approach towards conceptualising projects and then managing it during construction and occupancy offers seamless, process oriented solutions towards the successful run of a project in its entirety.