Bengaluru in top APAC cities for sustainable commercial real estate: Report

Garden city and India's silicon valley Bengaluru has been ranked the 14th best city for sustainable development of commercial real estate.

Published on: Jun 30, 2022, 11:56:32 IST

By Yamini C S | Edited by Chandrashekar Srinivasan

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Bengaluru has been ranked 14 of 20 cities in the Asia Pacific region for sustainable development of commercial real estate by global consultants Knight Frank, news agency PTI said. The top five cities are Singapore, Sydney, Wellington, Perth, and Melbourne.

According to a Knight Frank report, Bengaluru has been ranked the 14th best city on the APAC Sustainability Index 2021 for sustainable development of commercial real estate. (Source: DSMax)

Apart from Bengaluru, three other Indian cities - Delhi, Hyderabad and Mumbai - also made it to the list but were ranked in three of the bottom four places - 17, 18 and 20, respectively.

Cities were ranked in terms of compliance with sustainability norms in the development of commercial real estate as per the APAC Sustainability Index 2021, which ranked 36 cities based on parameters like urbanisation pressure, climate risk, carbon emissions and government initiatives.

Shishir Baijal, chairman and managing director of Knight Frank India, said, "New market dynamics have propelled the growth of sustainable development in India. Global commitment to carbon neutrality and 'Net Zero' (and) focus) on creating environmentally friendly premises has led developers to augment products to meet requirements."

Demand for office leasing space and sustainable buildings will only strengthen, he said, adding that he expected these features to become a universal standard.

Meanwhile, the same report also said India's Green Bonds issuance had increased from USD 1.1 billion in 2020 to USD 6.8 billion in 2021. This means that India has been issuing more bonds that promote environment-friendly projects.

Bengaluru, meanwhile, was also ranked the second most desirable destination for overseas students after Mumbai, according to the QS Best Student-Cities Ranking.

(With PTI Inputs)

ABOUT THE AUTHOR
Yamini C S
Yamini CS is a Senior Content Producer at Hindustan Times with nearly six years of experience in digital journalism. She is part of the India News desk, where she works on a wide range of stories cutting across civic issues, city-based developments, politics, governance, public policy, breaking news, trending topics, and international affairs that have an impact on India. Her role involves tracking fast-moving developments, verifying information from official and on-ground sources, and presenting news in a clear, accessible format for a digital-first audience. A significant part of her work includes handling live blogs during major news events, such as elections, court verdicts, political developments, civic disruptions, protests, weather-related alerts, and unfolding national or international incidents. Through live coverage, she focuses on timely updates to help readers follow complex stories as they evolve. Before moving to the broader India News desk, Yamini was associated with the Bengaluru desk at Hindustan Times, where she extensively covered urban governance, infrastructure, traffic and transport issues, weather events, public grievances, and civic administration in the city. This experience strengthened her grounding in city reporting and sharpened her focus on citizen-centric journalism. She began her career as a correspondent with Reuters after completing a postgraduate diploma in journalism from the Indian Institute of Journalism and New Media. Her early training instilled a strong emphasis on accuracy, sourcing, and news ethics, which continue to shape her reporting style. Outside of work, Yamini enjoys reading across genres, listening to music, and spending time with her family, which help her maintain balance in a fast-paced newsroom environment.Read More

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