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CREDAI-MCHI has partnered with MAHAPREIT, a Maharashtra government undertaking, to tackle air emissions and promote decarbonization in the construction sector. This 12-month non-financial MoU aims to establish a roadmap for achieving Net Zero emissions and fostering sustainability in the Mumbai Metropolitan Region (MMR). MAHAPREIT will use its expertise in renewable energy and carbon reduction to assess pollution sources, evaluate construction activities' environmental impact, and propose eco-friendly practices. CREDAI-MCHI will provide access to sites and collaborate on implementing these measures. Key focus areas include GHG emissions assessment, improved construction techniques, and stakeholder training. This collaboration reflects a shared commitment to creating a sustainable, eco-conscious construction ecosystem in Maharashtra.
CREDAI-MCHI, the apex body representing the real estate industry in the Mumbai Metropolitan Region (MMR), has entered into a Memorandum of Understanding (MoU) with Mahatma Phule Renewable Energy and Infrastructure Technology Limited (MAHAPREIT), a Government of Maharashtra Undertaking. This initiative seeks to address air emissions and chart a roadmap for decarbonization and achieving net-zero emissions in the construction industry. Advertisement
Mahatma Phule Renewable Energy and Infrastructure Technology Limited is a wholly Subsidiary Company of Mahatma Phule Backward Class Development Corporation (MPBCDC), Government of Maharashtra State PSU. The company focuses on renewable energy projects, especially solar power, including setting up and managing solar parks, substations, and transmission lines. MAHAPREIT also works on projects related to reducing carbon emissions, improving energy efficiency, battery storage, alternative fuel technologies, and addressing climate change.
Mr. Domnic Romell, President of CREDAI-MCHI believes this collaboration with MAHAPREIT can help them set new benchmarks for environmental responsibility and create a robust roadmap for reducing emissions and achieving Net Zero targets. CREDAI-MCHI is an apex body comprising members from the Real Estate Industry in the Mumbai Metropolitan Region (MMR). A part of CREDAI National which boasts a network of over 13,000 developers across the nation, CREDAI-MCHI has a network of 1,800+ leading developers in MMR. It is the only Government-recognized body for private sector developers in the region.
The partnership will focus on evaluating the impact of construction activities on air quality, promoting improved construction techniques, and creating a framework to mitigate the environmental footprint of the sector. Under the MoU, a detailed study will be conducted to assess air emissions and greenhouse gas (GHG) emissions from construction activities and operational buildings. These findings will be disseminated to stakeholders to foster awareness and actionable insights. Additionally, the roadmap will emphasize eco-friendly construction practices and outline decarbonization targets while training stakeholders to implement these practices effectively.
Shri Bipin Shrimali, Managing Director of MAHAPREIT emphasized the organization's commitment, stating, "As a Government of Maharashtra undertaking, MAHAPREIT is committed to fostering sustainable infrastructure practices. Through this partnership with CREDAI-MCHI, we aim to identify actionable solutions for decarbonization and create a greener future for the construction industry."
This MoU, valid for 12 months, is a non-financial agreement, highlighting the shared vision of environmental and sustainability goals through joint efforts. The roles of both organizations are clearly defined under this collaboration. CREDAI-MCHI will provide access to construction sites, collaborate on analyzing technological studies, and execute joint initiatives aimed at achieving Net Zero goals. MAHAPREIT, leveraging its technical expertise, will identify pollution sources, conduct assessments, and provide guidance on sustainable practices.
The agreement marks a pivotal step toward building a sustainable and eco-conscious construction ecosystem, benefiting both the environment and the wider community.
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