- October 1, 2010: Vol. 2, Number 9

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Green-Certified Affordable Housing in India: A Case Study on Sustainable Development Concepts and Practices

by Barry Singh, Subhash Bedi and Raj Inamdar

During the past several years, many real estate developers in India have significantly improved their execution capabilities and adopted sustainable and environmentally friendly development practices. At the same time, home buyers in India have become more quality conscious and now prefer residential products built according to global standards. To meet this growing demand for high-quality homes, several developers have incorporated sustainable development capabilities into their operations. In Delhi’s National Capital Region, Red Fort Capital and The 3C Group have successfully launched multiple green-certified affordable housing projects that have generated high levels of customer response and more than 3,700 sales worth US$440 million in revenues despite the global financial crisis of 2008 and 2009. This case study provides an overview of green-certified affordable housing in India based on Red Fort Capital and The 3C Group’s experiences, including certification standards and

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