M Lifespace launches CoE for real estate

Injecting a major push to the real estate sector of the country, Mahindra Lifespace Developers and TERI recently announced the launch of a Centre of Excellence (CoE), a first-of-its-kind research facility to look at creating innovative solutions that can be adapted to Indian climatic conditions and are accessible to all. The Centre will aim at developing market-ready and energy-efficient technologies. It will also work towards preparing policy briefs for Centre and State Ministries to promote green' development, Chairman, Mahindra Group, Anand Mahindra, said, adding that India has the opportunity to be the world's largest laboratory for doing things differently — be it future of urbanization, or mobility, or climate change.

The Mahindra- TERI CoE embodies focus on sustainability beyond just business-towards creating a larger urban stakeholder ecosystem that can power a transformative 'green shift' across India's cities and towns. Research output, to be available in the public domain, will focus at wider adoption of its recommendations by developers, architects and individual home owners. The information and knowledge sharing enabled by the Mahindra-TERI Centre of Excellence would facilitate developers to make informed decisions towards resource-efficient designs, Director General, TERI, said Ajay Mathur. A Technical Advisory Committee (TAC), including industry leaders and practitioners, will provide technical oversight to research activities. The Mahindra-TERI CoE will positively influence the Indian construction industry to develop innovative and sustainable solutions, thereby, building a robust green supply chain ecosystem, said Managing Director, Mahindra Lifespace Developers Anita Arjundas, claimed.