According to a report, Bengaluru is among the top APAC cities for sustainable commercial real estate

Updated: Aug 4

Global consultants Knight Frank have ranked Bengaluru 14 out of 20 cities in the Asia Pacific area for sustainable development of commercial real estate, according to news agency PTI. Singapore, Sydney, Wellington, Perth, and Melbourne rounds out the top five cities.

Three other Indian cities—Delhi, Hyderabad, and Mumbai—also made the list in addition to Bengaluru, although they were placed in three of the lowest four spots—numbers 17, 18, and 20, respectively.

According to the APAC Sustainability Index 2021, which assessed 36 cities based on factors like urbanization pressure, climate risk, carbon emissions, and government activities, cities were ranked in terms of compliance with sustainability rules in the development of the commercial real estate.

Knight Frank India's chairman and managing director, Shishir Baijal, remarked, "In India, the expansion of sustainable development has been fueled by new market dynamics. The desire for ecologically friendly buildings and the global commitment to "Net Zero" have prompted product developers to make adjustments to their creations."

He added that he anticipated that the demand for office leasing space and sustainable buildings would only grow. He also predicted that these qualities will eventually become the norm.

In the meantime, the same research noted that India issued more green bonds in 2021, jumping from USD 6.8 billion to USD 1.1 billion. This indicates that India has been issuing more bonds to support environmentally sustainable projects.

In contrast, the QS Best Student-Cities Ranking placed Bengaluru second after Mumbai in terms of popularity among international students.

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