A Study of Developers’ Perspective on Sustainable Housing Solutions and the Green Corollary of Pune and PCMC

Abstract

The pledge to restore sustainability by Indian government is supported by infrastructural growth of cities, especially those which is considered as an economic powerhouse. A UN study forecasted that by 2030, 43 megacities will have 10 million inhabitants who would be spread in mostly developing nations where low income prevails. Such cities are expected to foresee speedy urbanization, necessitating the need for sustainable infrastructural management like smart city initiatives and green action plans. Sustainable urban growth is aligned with achievement of eleventh sustainable development goal, which is contemplated for making human settlement in cities inclusive, resilient, inclusive, safe and sustainable, offered through sustainable housing solutions (SHS). This study explores the developers’ outlook on sustainable housing solutions (SHS) and the green building initiatives within the developing cities of Pune and PCMC. The study discussed sustainable policies, practices and financial incentives attached with SHS. The study is focused on developers’ outlook who are an important driver for sustainability management in real estate projects. The city of Pune and PCMC have seen a boost in demand for sustainable housing but green building initiatives suffers structural impediments which are unique and institutional for developers’. The researchers’ conducted survey and semi structural interview with 100 developers’ of Pune and PCMC, to understand financial, regulatory, structural factors that restricts and promotes green housing plans. The study contributes to the limited academic literature in this area and provides valuable insights to policymakers, developers, and investors, committed to sustainable urban growth.