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Flickr opportunity for aging office spaces.
With 80 percent of future office demand expected in
green spaces and rising consumer preference for eco-friendly
homes, India’s real estate sector is poised to drive the nation’s

2070 net-zero target through innovation, policy alignment and
stakeholder collaboration, said the CREDAI president.

Strong demand for new homes
Housing demand in India is expected to grow further due
to budget tax incentives and a recent interest rate cut, says
CREDAI in a press release.
of India (QCI) to establish a collaborative framework for skill CREDAI points out demand for housing continues to be
training, capacity building and worker certification in the strong and is expected to grow further on the back of tax

construction and real estate sector. incentives offered in the budget and a recent intersst rate cut,
Under the partnership all parties pledge to enhance said the CREDAI president.
workforce development in the real estate sector through a In a recent interview the CREDAI president asserted that
structured focus on skill development, capacity building and there are no signs of demand slowdown in the Indian housing
sustainable employment. market, rather it will continue to rise in the long-term horizon.
The collaboration aims to deliver industry-aligned training However, he said there could be an impact in some
programs with quality assurance through certification, support markets that are "over-heated" but overall at pan-India level

Recognition of Prior Learning (RPL) to validate existing skills there are no concerns at all.
and drive workforce integration by promoting job placements According to a CREDAI study average housing prices
and modern construction practices including green building across the top eight markets in India witnessed a 10 percent
techniques. YoY rise during the last quarter of 2024 led by healthy demand
The MoU was signed at an event introducing Mr. Shekhar momentum and positive market sentiment.
G. Patel as the new president of CREDAI for the term 2025-27. Average house prices have been rising for the past 16th
consecutive quarters starting 2021.
A move to net-zero buildings While affordable housing segment will continue to form the
During the ceremony CREDAI launched a report prepared in bulk of housing sales, demand within luxury and ultra-luxury

collaboration with Colliers titled ‘Sustainability in Real Estate: segments can amplify further in 2025.
Towards a Greener Skyline’. The report highlights India’s path Movement in these segments is likely to drive average
to green growth and development and a shift towards net- housing prices up across most major residential markets of
zero buildings. the country in the next few quarters.
According to the report, 66 percent of India’s Grade A Overall unsold inventory continued to decline for the fourth
office stock is now green certified with cities like Hyderabad consecutive quarter and dropped five percent annually during
leading at 75 percent penetration. The industrial and logistics Q4 2024 backed by healthy demand.

sector is also embracing sustainability. In related news, in April the Reserve Bank of India (RBI)
The report further underscores a massive retrofitting recently cut interest rates from 6.25 percent to six percent, a