The Financial Express
As the world becomes more eco-conscious every day, sustainability is now integrated into almost every sector. In the Indian retail sector, sustainable practices are gaining momentum, fueled by rising customer awareness and their demand for eco-friendly initiatives. As the cities transform to cater to their inhabitants’ needs, the retail sector is witnessing an evolution driven by various factors like urbanization, digitalization, and sustainable development. Amidst these cities, Noida-Greater Noida epitomize this evolution through their strategic initiatives and sustainable construction practices, showing the power of consumer influence in shaping a sustainable future.
Incorporating sustainability into retail development is not just a trend; it’s a necessity. Retail development projects often have significant environmental impacts, including land use, resource consumption, and waste generation. However, with the change in consumer preferences and increasing eco-consciousness, the retail landscape in Noida-Greater Noida is witnessing an influx of sustainable projects. Developers align their projects by prioritizing environment conscious development, offering a glimmer of hope for a future where retail and sustainability can coexist harmoniously.
The concept of eco-friendly shopping destinations is not just about the physical structures; it encompasses sustainable designs, energy-efficient systems, green building practices, waste reduction strategies, sewage treatment plants, and many other features. To mitigate the effects of traditional building practices, developers now focus on curating well-planned urban infrastructure, prioritizing sustainable construction practices, and adding innovative designs and smart technologies to their projects.
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They curate projects as per Green Building Certification requirements, focusing on minimizing energy consumption, reducing waste, and optimizing indoor environmental quality. By incorporating sustainable features like energy-efficient lighting, HVAC systems, projects located amidst a lush green landscape with pop-up fountains, and cycle and jogging tracks, developers reduce a building’s carbon footprint and operational costs, ensuring maximum space utilization.
Noida-Greater Noida’s commitment to sustainability extends beyond infrastructure and development projects. Adding renewable energy sources is another essential aspect of integrating sustainability in the retail sector. Features such as solar panels, geothermal systems, rainwater harvesting systems, and many others can foster the harnessing of clean and renewable energy, mitigate greenhouse gas emissions, and minimize water consumption. In addition, developers are more inclined to prioritize waste reduction and recycling by implementing innovative waste management programs. They harness proper segregation of recyclable materials, compost organic waste, and promote responsible consumption practices among retailers and consumers.
From working spaces to retail hubs, the twin cities are at the forefront of innovation and progress in the Northern India region. Their proactive stance towards sustainable retail development is a model for other cities striving to create livable and resilient urban environments. By prioritizing sustainability, developers are creating retail complexes that minimize environmental impact and enhance the overall shopping experience for consumers. As the retail industry continues to evolve, sustainability will undoubtedly remain a key consideration for developers, retailers, and consumers.
(By Dr. Amish Bhutani, Managing Director, Group 108)
Disclaimer: Views and facts expressed above are those of the author. They do not necessarily reflect the views of financialexpress.com.
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