Urban Green Spaces And Mental Health & Wellness
Accounting for around 40 per cent of the world's greenhouse gas emissions, the real estate industry is already confronted by high climate risks and will experience significant transformations as the world economy shifts away from fossil fuels in order to achieve climate targets. Our country's increasing urbanization has resulted in a massive increase in the work in real estate industry, which has had a knock-on effect on climate change on the whole. While this phenomenon has ushered us into a new and modern era it has also caused environmental damage. The environmental effects of thoughtless and haphazard real estate development are substantial and often include habitat damage, water use, energy consumption, and greenhouse gas emissions. It is imperative to shift to sustainable development so as to reduce these effects utilizing renewable energy sources, eco-friendly building techniques, and the preservation of natural habitats.
Realizing the implication of their actions and taking responsibility for the same, reputed and key stakeholders of this industry are making a shift towards sustainability. Because sustainable real estate development fosters economic prosperity, builds resilience to climate change, enhances quality of life, engages communities, and promotes equitable access to opportunities and resources, it is closely associated with urban well-being. The primary goal of credible and established real estate developers is to reduce pollution, preserve natural habitats, and use resources as efficiently as possible without negatively affecting the environment. These steps result in cleaner land, water, and air, which ultimately improves urban dwellers' quality of life by lowering their chance of developing health problems linked to pollution. The goal of sustainable development is to preserve natural resources like raw materials, land, and water. Green building materials, rainwater collection, gray water recycling, and other techniques that lessen the demand on limited resources and encourage long-term environmental stewardship are being put to use by the city’s responsible developers. Many projects in the heart of Delhi, though uber luxury in nature are being developed in a highly sustainable fashion, complying with all rules and regulations thereby lowering vulnerability to climate change threats.
Responsible real estate developers also aim to bring about an improvement in the quality of life by embracing features like green spaces, pedestrian-friendly designs, and access to public transportation. Incorporating such provisions has a direct impact on many aspects like recreational prospects, traffic congestion and physical activities thereby making a huge difference to mental and physical wellbeing. Energy-efficient buildings can reduce utility costs for businesses and individuals, freeing up funds for other requirements and promoting stability and well-being in the economy as a whole.
It is time for our industry to accept and understand the importance of sustainable urban development to contribute to the long-term safety and well-being of urban residents. By enacting sustainable real estate policies, such as green infrastructure and resilient building design all developers can equip the cities to prepare better for the effects of extreme weather events and rising sea levels.
