What government policies support ESG adoption in Indian real estate?

The Indian government has introduced several initiatives to promote ESG adoption in real estate. Key policies include:

• RERA (Real Estate Regulation and Development Act): Promotes transparency and accountability in governance aspects of real estate projects.
• National Building Code (NBC) & Energy Conservation Building Code (ECBC): Mandate green building practices for energy-efficient designs with minimal environmental impact.
• Smart Cities Mission: Encourages sustainable urban infrastructure with digital integration reflecting social and environmental tenets of ESG.
• Green Rating for Integrated Habitat Assessment (GRIHA): An India-specific rating system evaluating energy consumption, water usage, and waste management in buildings.
• Incentives & Tax Breaks: Certain states offer property tax rebates or FSI relaxations for green-certified buildings to reduce development costs.

Together, these policies accelerate India’s transformation toward environmentally conscious and socially responsible real estate development aligned with ESG principles.