Chennai becomes second greenest city for real estate in India

Chennai has been declared the second greenest city for real estate in India and its global rank is 224.

File photo
File photo

According to a study by property consultant Knight Frank, India's national capital, Delhi, is the greenest city for real estate and ranks 63rd globally, the only Indian city in the global top 100.

However, Chennai is way ahead of other Indian cities such as Mumbai, Bengaluru, Pune, Hyderabad and is ranked 224 globally for green cities in real estate. From well-developed public transport networks to urban green space to the number of green-rated buildings, these cities were measured on various parameters, reported The New Indian Express (TNIE).

Chennai's global green city ranking based on carbon emissions:

Srinivas Anikipatti, Senior Director of Tamil Nadu and Kerala, Knight Frank India, was quoted by TNIE as saying that the global green ranking of Chennai is based on carbon emissions. The public transport of Chennai gives it an upper hand as it has a good network of metro, buses, mini buses, MRTs and local trains and they play a key role in establishing a strong connectivity.

Anikipatti further added that Chennai has a high green cover and has more green buildings as compared to other cities.

"Many places in the city, such as IIT-Madras, Loyola College and Theosophical Society have sufficient green cover and have large green pockets. Apart from this, the Chennai Municipal Corporation is increasing the carbon sink coming out with new parks," he said.

Meanwhile, A Shankar, Strategic Consulting, Jones Lang LaSalle (JLL) told TNIE that in the real estate sector, focus on environment, social and governance issues play a very important role. With more and more transformation and technological intervention, sustainable buildings and places are being constructed.