Mahindra Lifespace Developers launches India's First Net Zero Energy Homes in Bengaluru

12 Apr 2022 , 12:07 PM

Mahindra Lifespace Developers Ltd., the real estate and infrastructure development arm of the Mahindra Group, has established a new benchmark in the field of sustainable development with the launch of India’s first Net Zero Energy residential project, Mahindra Eden, in Bengaluru; certified by Indian Green Building Council (IGBC).

The unique design features of this residential development are together expected to save over 18 lakh kWh electricity annually, equivalent to powering over 800 homes. The remaining energy demand for the project will be met from renewable sources through both on-site solar and wind energy systems, and the purchase of green energy from the grid. 

The announcement marks a major milestone in Mahindra Lifespaces’ journey to build only Net Zero buildings from 2030 onwards.

Arvind Subramanian, Managing Director, and CEO, Mahindra Lifespace Developers Limited said, “Global climate change is one of the most pressing issues and buildings alone are responsible for approximately 36% of the total energy consumption and close to 40% of carbon emissions. As a pioneer in sustainable development with a 100% certified-green portfolio, we were keen to take the next leap in sustainable design and development. Building net-zero homes are one of the cornerstones of a reduced carbon future, thereby an important solution to climate change and we are committed to playing a leading role in this energy transition of the Real Estate sector.”

Furthermore, the project also has multiple sustainability features that are available across Mahindra Lifespaces developments like low-flow water-efficient fixtures, rainwater harvesting, and a sewage treatment plant. This will help reduce the water demand of the project by 74% when compared to conventional buildings.

Along with energy, water, and waste efficiency, the project is designed to be ‘Nature Positive’, preserving and nurturing over 100 species of plants, more than 25 species of birds, and over 25 species of butterflies. Initiatives for naturalizing and streamlining waterbodies within the project will also be undertaken. The project has been designed with more than 85% open space.

Mahindra Lifespace is currently trading at Rs379.30 down by Rs4.85 or 1.26% from its previous closing of Rs384.15 on the BSE. The scrip opened at Rs384 and has touched intraday high and low of Rs388.10 and Rs375.55 respectively.