The real estate sector is responsible for more than 30% of the gross electricity consumption. With the lack of climate responsive design in buildings, the energy consumption by the residential and commercial sector is projected to further increase in the coming years, owing to the increased consumption of electrical utilities. On the other hand, the real estate sector provides a huge potential for electricity savings and mitigating GHG emissions using energy efficient appliances and energy efficient features incorporated into the building design and systems. Mahindra Lifespaces, being a responsible organisation and understanding the future needs of customers, realised the significance of this trend. As a result, the Mahindra-TERI Centre of Excellence (MT CoE) was launched with the vision to ‘build a greener urban future by developing innovative energy efficient solutions tailored to Indian climate’.
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Mahindra Lifespace Developers Ltd., the real estate and infrastructure development business of the Mahindra Group and a pioneer of sustainable urbanisation in India, believes that partnership and collaboration is key to achieving decarbonisation and circularity in the real estate sector. As part of its commitment to the Sustainable Development Goals (SDGs), the organisation directly contributes to SDG 17 through its partnerships in different areas. One such collaboration is the Mahindra-TERI Centre of Excellence (CoE), a strategic partnership between Mahindra Lifespaces and The Energy and Resources Institute (TERI), which focuses on mainstreaming green buildings in India. The first-of-its-kind research facility was inaugurated in June 2018, in Gurugram, Haryana. Research at MT CoE focuses on developing and disseminating of market-ready, scalable and viable building materials and technologies. State-of-the-art research techniques and tools generate performance data and metrics and energy-efficient solutions. The Mahindra-TERI Centre of Excellence leverages this state-of-the-art research techniques, tools, and performance measurement solutions to boost the development of green buildings in India. The joint research initiative evaluates both traditional and innovative technologies and alternative materials customised for Indian buildings and climate zones, and works towards developing open-source and science-based solutions for India’s real estate sector.
In 2019, MT CoE had several accomplishments to its credit,
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