CREDAI-MCHI, the apex body representing the real estate industry in the Mumbai Metropolitan Region (MMR), has signed a Memorandum of Understanding (MoU) with Mahatma Phule Renewable Energy and Infrastructure Technology Limited (MAHAPREIT), a Government of Maharashtra undertaking. The collaboration aims to address air emissions in the construction industry and develop a comprehensive roadmap to achieve decarbonization and net-zero emissions.
The initiative will focus on assessing the environmental impact of construction activities, specifically their effect on air quality, and promoting more sustainable construction practices. As part of the MoU, a detailed study will be conducted to evaluate air emissions and greenhouse gas (GHG) emissions generated by construction operations and the functioning of buildings. The findings will be shared with stakeholders to raise awareness and provide actionable insights. The roadmap will also set decarbonization targets, emphasize eco-friendly building practices, and offer training to industry stakeholders to effectively implement these strategies.
Domnic Romell, President of CREDAI-MCHI, emphasized the significance of the partnership, stating, “This collaboration demonstrates our commitment to sustainable development within the construction sector. Partnering with MAHAPREIT will help us set new standards for environmental responsibility and create a clear path toward reducing emissions and achieving Net Zero targets.”
Bipin Shrimali, Managing Director of MAHAPREIT, highlighted the organization’s commitment to sustainability, saying, “As a Government of Maharashtra undertaking, MAHAPREIT is dedicated to advancing sustainable infrastructure practices. Through this partnership with CREDAI-MCHI, we aim to develop practical solutions for decarbonization and contribute to a greener future for the construction industry.”
Under the terms of the MoU, CREDAI-MCHI will facilitate access to construction sites, collaborate on technological studies, and execute joint initiatives to achieve Net Zero goals. MAHAPREIT, with its technical expertise, will focus on identifying sources of pollution, conducting environmental assessments, and guiding the adoption of sustainable practices.
The MoU, which is non-financial and valid for 12 months, marks an important step in the creation of a sustainable, eco-conscious construction ecosystem. The initiative aims to not only improve the environmental impact of the industry but also to benefit the broader community by fostering more responsible and greener building practices.
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