Economy & Market

Godrej Properties ties up with GRIHA for green rating of projects

Published

8 years ago

April 19, 2017

admin

Real estate player Godrej Properties recently signed an MoU with GRIHA Council for implementation of green building concepts and GRIHA Rating variants for its NCR projects. As part of the understanding, GRIHA Council will help the company set up a project implementation unit for executing GRIHA Certification and shall be working with it to maximise awareness and outreach on green initiatives through publicity campaign, marketing collaterals and dedicated links to GRIHA Council website. The developer, in collaboration with the council, will also establish a review committee to monitor and provide guidance for smooth implementation of the green building initiative.

Under this collaboration, Godrej Properties has committed to registering about 8 million square feet building footprint with GRIHA Council, taking into account its significant upcoming and future projects in NCR.

Speaking on the occasion, Sanjay Seth, Chief Executive Officer, GRIHA Council, said, "I welcome the initiative taken by such a major real estate entity towards integrating green concepts in its future projects. GRIHA is privileged to have been chosen by a trusted brand such as Godrej as its trusted partner in this journey. We, at GRIHA Council, undertake to build up internal capacities within Godrej Properties to help obtain GRIHA rating for its upcoming housing and commercial projects."

Vikas Singhal, Region Head NCR 1, Godrej Properties, said, "Good and Green is one of the key tenets that Godrej Properties Limited (GPL) adheres to. As part of this philosophy, GPL strives to make environmental sustainability an integral part of the construction processes and value chain across our business. Our collaboration with GRIHA is a significant step in this direction. By building GRIHA certified green buildings, we are not only fostering sustainable development amongst the present generation, but also paving the way for future generations".

Together with the Ministry of New and Renewable Energy (MNRE), Government of India, TERI developed GRIHA (Green Rating for Integrated Habitat Assessment), which was endorsed as the ‘National rating system for green buildings in India’ in the year 2007.

GRIHA is an indigenous green building rating system developed specifically to suit Indian climate and construction practices. The rating aligns itself with the national regulatory framework and policies, such as, National Building Code, Energy Conservation Building Code, Ministry of Environment and Forests clearance, Central Pollution Control Board guidelines etc. India, in its INDC document submitted at COP21 in Paris has highlighted GRIHA as an indigenous green building rating system developed in India.

Concrete

Shree Cement reports 2025 financial year results

Published

4 days ago

June 17, 2025

admin

Shree Cement posted revenue of US$2.38 billion for FY2025, marking a 5.5 per cent decline year-on-year. Operating costs rose 2.9 per cent to US$2.17 billion, resulting in an EBITDA of US$528 million—down 12 per cent from the previous year. Net profit fell 50 per cent to US$141 million. The company reported cement sales of 9.84Mt in Q4 FY2025, a 3.3 per cent increase from 9.53Mt in Q4 FY2024, with premium products making up 16 per cent of total sales.

Image source:https://newsmantra.in/

Concrete

Rekha Onteddu to become director at Sagar Cements

Published

4 days ago

June 17, 2025

admin

Sagar Cements has announced the appointment of Rekha Onteddu as a non-executive independent director, effective 30 June 2025. According to People in Business News, Rekha Onteddu is currently serving in a similar capacity at Andhra Cements, the parent company of Sagar Cements.

Image source:https://sagarcements.in/

Concrete

India’s cement consumption set to rise

Published

4 days ago

June 17, 2025

admin

According to a Moody’s report, India’s cement consumption is projected to rise by 50 per cent over the next five years, increasing from 445 million metric tons per annum (MMTPA) in FY24 to 670 MMTPA by 2030. This growth is expected to be driven by government infrastructure spending and rising housing demand, with an anticipated annual growth rate of 6-7 per cent. To meet this demand, major cement companies are likely to continue acquiring smaller, less profitable firms.

Image source:https://www.telegraphindia.com/