CREDAI Maharashtra collaborates with SuperHumanRace to track real estate emissions
In a groundbreaking move aimed at fostering sustainability in the real estate sector, CREDAI Maharashtra has partnered with SuperHumanRace, a leading technology company, to develop Regional Emissions Inventories for Maharashtra’s growing real estate industry. This strategic collaboration is designed to empower developers to adopt environmentally sustainable practices while enhancing their market competitiveness. The MoU was signed in the presence of industry leaders, including Pramod Khairnar, President of CREDAI Maharashtra, Aalok A. Deshmukh, Managing Director of SuperHumanRace, and Gagandeep Bhullar, CEO of SuperHumanRace.
Pramod Khairnar highlighted the importance of the initiative, stating, “Maharashtra’s real estate sector is pivotal to India’s urban transformation. This collaboration comes at a crucial juncture, ensuring that growth is not just economically viable, but also environmentally sustainable.” The need for such measures becomes evident when considering India’s ambitious urbanisation targets, which are central to its goal of becoming the world’s third-largest economy by 2027. However, rapid urbanisation, while essential for economic growth, brings with it substantial environmental challenges. As cities are projected to contribute to 70% of India’s GDP by 2030, they will also be responsible for over 30% of the country’s emissions. Khairnar underscored the urgency of integrating low-carbon infrastructure into the development process to mitigate these risks.
The collaboration between CREDAI Maharashtra and SuperHumanRace aims to address this very challenge by enabling the tracking and reduction of emissions within the real estate value chain. According to Aalok A. Deshmukh, “The creation of transparent, connected emissions inventories is a critical step in quantifying and addressing the carbon risks tied to urban expansion.” Through this partnership, the developers will have access to actionable data, which will allow them to implement sustainable procurement practices, identify carbon hotspots, and prepare for impending carbon regulations. Such actions will help mitigate the escalating risks posed by carbon emissions and ensure that Maharashtra’s real estate sector remains competitive in a rapidly evolving global market.
The implementation of advanced AI and machine learning technologies by SuperHumanRace is expected to play a key role in streamlining this process. By automating the collection and analysis of emissions data, the initiative will provide real-time insights across the state’s real estate landscape. This technology-driven approach is essential, given the vast scope of data and the complexity of relationships within the real estate sector. Additionally, as the sector braces for stricter environmental regulations, including potential carbon taxes, this collaboration will help developers and construction material manufacturers mitigate costs and enhance their sustainability efforts.
This partnership also addresses broader civic and environmental concerns. As urbanisation accelerates, the demand for carbon-neutral construction practices becomes even more critical. The real estate industry, which is a significant consumer of resources and a major emitter of greenhouse gases, must evolve to meet both national and international sustainability goals. With rising global awareness of climate change, India’s real estate market is now at a crossroads—adopting green building standards and embracing low-carbon technologies is no longer optional but essential. Through this collaboration, CREDAI Maharashtra and SuperHumanRace are setting the stage for a greener, more sustainable future for real estate development in the state, with the potential to serve as a model for other regions.
