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Indian occupiers want half of office portfolios powered by renewables by 2030
- June 1, 2024: Vol. 16, Number 6

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Indian occupiers want half of office portfolios powered by renewables by 2030

by Andrea Zander

Most occupiers (87 percent) in India believe at least half of their office portfolio should be powered by renewable sources by 2030 to align with broader net-zero carbon goals, according to a recent survey by JLL. The firm’s analysis indicates 43 percent of these occupiers are based in Delhi, followed by Mumbai (27 percent), Bengaluru (17 percent) and Chennai (13 percent).

Banking and finance sectors are the most likely to demand on-site renewable power sources for green spaces, according to JLL, followed by the construction, manufacturing, and consultancy industries. One in three (33 percent) occupiers think on-site renewable energy will become nonnegotiable for their organisations by 2030. Respondents also realise a significant demand-supply gap exists for sustainable buildings, with demand projected to surpass supply.

“Investors and occupiers are increasingly recognising the importance of prioritising green-energy sources in their office portfolios, emphasising

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