IFC forms Sustainable Housing Leadership Consortium

IFC, a member of the World Bank Group, is convening a voluntary, collaborative effort with leading Indian housing sector companies to form an industry-led Sustainable Housing Leadership Consortium to drive sustainability in India's housing market with a particular focus on the affordable housing sector. The effort is part of IFC's Eco-cities program, supported by the European Union.

The Sustainable Housing Leadership Consortium has been formed by early contributors in India's green building and affordable housing movement - Godrej Properties, Mahindra Lifespace Developers Limited, Shapoorji Pallonji Real Estate, Tata Housing Development Company, and VBHC Value Homes Private Limited. IFC will leverage private sector investments to facilitate greater uptake of certified green buildings, facilitate policy dialogue between the private sector and the government, evaluate technology levers and share best practices, raise public awareness, and identify strategic actions for implementation.

Anita Arjundas, Managing Director & CEO, Mahindra Lifespace Developers Limited said, "The choices that India makes in managing its urban development today will have critical implications for the climate benefits and costs of our cities for decades to come. We are proud to partner with IFC and our peers, in the implementation of a shared vision for sustainable housing that is sensitive to the long term environmental needs of our cities and thereby, towards human progress."

Source : Equity Bulls

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