CREDAI Maharashtra has signed a memorandum of understanding with SuperHumanRace, a leading technology firm, to develop and implement Regional Emissions Inventories for Maharashtra’s real estate sector. The initiative aims to help developers adopt sustainable practices while enhancing market credibility and competitiveness.
Key attendees included Pramod Khairnar, President of CREDAI Maharashtra, Aalok A. Deshmukh, Managing Director of SuperHumanRace, Ayashkanta Rout, Sustainability Lead at Oberoi Realty, and Gagandeep Bhullar, CEO of SuperHumanRace. Pramod Khairnar highlighted the importance of environmentally sustainable and economically viable development, stating that Maharashtra’s real estate sector is pivotal to India’s urban transformation.
In 2024, Indian real estate witnessed record investments of USD 8.9 billion. However, according to the World Bank, India requires USD 50 billion in private financing annually until 2036 to meet its urban infrastructure needs. With aspirations to become the world’s third-largest economy by 2027 and reach USD 7 trillion GDP by 2030.
India’s urban growth must address significant climate challenges. By 2030, cities will contribute 70% of India’s GDP, house 40% of its population, and account for over 30% of national emissions. As the country rapidly expands its urban infrastructure—adding floor space equivalent to Paris every week—building low-carbon, climate-resilient infrastructure is critical. Khairnar emphasized the need for sectoral benchmarks to meet India’s Paris Agreement commitments and attract global investment.
SuperHumanRace and CREDAI Maharashtra Sign MoU to Monitor Real Estate Emissions
In a significant step toward sustainable real estate development, SuperHumanRace and CREDAI Maharashtra have signed a Memorandum of Understanding (MoU) to monitor and manage carbon emissions in the real estate sector. This partnership aims to enhance environmental accountability and promote green building practices across Maharashtra.
SuperHumanRace, a leading ESG (Environmental, Social, and Governance) technology company, will provide advanced digital tools to measure and analyze emissions generated by real estate projects. By leveraging data-driven insights, the initiative will help builders and developers adopt sustainable construction methods, reduce their carbon footprint, and align with India’s net-zero goals.
CREDAI Maharashtra, the state chapter of the Confederation of Real Estate Developers’ Associations of India, represents over 3,000 developers committed to responsible urban growth. Through this collaboration, CREDAI members will have access to real-time monitoring systems, enabling them to track emissions across various stages of construction and identify opportunities for improvement.
This partnership comes at a crucial time as India pushes for stricter environmental regulations in the real estate sector. The construction industry is one of the largest contributors to carbon emissions, and adopting technology-driven solutions is key to mitigating its environmental impact.
The MoU reflects a shared commitment to sustainability, with both organizations working toward industry-wide adoption of eco-friendly building practices. By integrating emission monitoring into mainstream real estate development, SuperHumanRace and CREDAI Maharashtra are setting a new benchmark for responsible construction in the state.
This collaboration is expected to drive long-term benefits, including reduced environmental impact, improved compliance with green regulations, and enhanced investor confidence in sustainable real estate projects. As Maharashtra moves toward a greener future, such initiatives will play a vital role in shaping a more sustainable built environment.
Group Media Publication
Construction, Infrastructure and Mining
General News Platforms – IHTLive.com
Entertainment News Platforms – https://anyflix.in/
Legal and Laws News Platforms – https://legalmatters.in/
Podcast Platforms – https://anyfm.in/