South Asia

NAREDCO Maharashtra partners with IFC for sustainable real estate development by 2025

NAREDCO Maharashtra has entered into a strategic partnership with the International Finance Corporation (IFC) EDGE team. This collaboration has come to fruition due to the efforts of the NextGen team, which played a key role in facilitating the partnership. They will work together to unlock global financing opportunities that will not only drive growth in NAREDCO Maharashtra partners with IFC for sustainable real estate development by 2025

IFC and Axis Bank to provide $500 Million for Green Projects

IFC will also offer a performance-based incentive of up to $2.9 million through the UK-IFC Market Accelerator for Green Construction (MAGC) program to support green building design and construction, certified under IFC’s EDGE (Excellence in Design for Greater Efficiencies) standard.

IFC partners Axis Bank for $500bn ‘blue’ loan

In addition, IFC will support Axis Bank in expanding its green buildings portfolio and provide a performance-based incentive of up to $2.9 million through the UK-IFC Market Accelerator for Green Construction program. This aims to support the design and certification of green buildings under IFC’s EDGE standard.

IFC invests Rs 825 crore in Tata Realty

Tata Realty has secured an Rs 825 crore loan from the International Finance Corporation (IFC). This funding is earmarked for the strategic refinancing of Ramanujan Intellion Park in Chennai, a landmark development in sustainable real estate. As India’s first and largest IFC EDGE Zero Carbon certified asset, this certification recognizes the Park’s design and operational IFC invests Rs 825 crore in Tata Realty

Brookfield Properties in India receives ‘EDGE Champion” recognition by IFC for Sustainable Excellence

Brookfield Properties in India has been awarded the EDGE Excellence in ‘Design for Greater Efficiencies Champion’ recognition by International Finance Corporation (IFC), the private sector arm of the World Bank. This esteemed certification acknowledges the organization’s commitment to sustainability in India’s commercial workspace landscape. Brookfield Properties received the EDGE Champion certification for its southern portfolio covering over 16.5 million Brookfield Properties in India receives ‘EDGE Champion” recognition by IFC for Sustainable Excellence

PBA, IFC arrange workshop on benefits of green, resilient real estate investment

Participants also learned about other IFC programs supporting green building practices including two innovative free tools: IFC’s Excellence in Design for Greater Efficiency (EDGE), a green building certification system focused on making buildings resource-efficient, and the Building Resilience Index, an online hazard-mapping and resilience assessment framework. IFC’s Market Accelerator for Green Construction (MAGC) program provides PBA, IFC arrange workshop on benefits of green, resilient real estate investment

Rx Propellant 3GV project bags green cert

Hyderabad: Lifesciences infra platform Rx Propellant said that 3GV, one of its pharma and life sciences facilities at Genome Valley in Hyderabad, has become the first IFC-EDGE Advanced certified speculative lifesciences building globally.

The green revolution: How luxury apartments are embracing sustainability

Luxury real estate developers have embraced design principles that can help them create a harmonious connection between residents and nature. Large windows provide ample natural light and stunning views, while outdoor living spaces and green roofs invite residents to immerse themselves in a verdant environment. These elements not only enhance the aesthetic appeal but also The green revolution: How luxury apartments are embracing sustainability

IFC, Sunteck Realty Join Hands For Investing Up To ₹7,500 Million To Expand Green Urban Housing In Maharashtra

In India, where homes use 30% of electricity and buildings create 20% of carbon emissions, the project aims to cut water and energy use of the housing developments under the platform by at least 20% with IFC’s EDGE (Excellence in Design for Greater Efficiencies) green building certification. As India’s energy demand soars due to economic IFC, Sunteck Realty Join Hands For Investing Up To ₹7,500 Million To Expand Green Urban Housing In Maharashtra

Aavas Financiers and IFC Mark History in Housing Finance Space with Its Pilot Project – EDGE Green Self-Built Homes

In a collaborative initiative, Aavas Financiers Limited and International Finance Corporation take pride in the successful EDGE certification of ten affordable Green Self Built Homes. This is the first ever pilot project by IFC and EDGE in collaboration with Aavas for self-built Green homes not just in India but at a global level, marking a Aavas Financiers and IFC Mark History in Housing Finance Space with Its Pilot Project – EDGE Green Self-Built Homes

Tata Realty bags six EDGE certification

In recognition of its commitment to sustainability in the commercial workspace landscape in India, Tata Realty & Infrastructure (TRIL) – a 100% subsidiary of Tata Sons and one of the only few large-scale institutional developers in India has been awarded the prestigious EDGE advanced certification for six of its grade A commercial projects.