Page 16 - Banking Finance JANUARY 2017
P. 16
HOUSING
HOUSING
Housing.com and Tata India is third in US Green Building Council rankings
Housing signs multi- India secured third position in 2016 the progress in sustainable building design,
US Green Building Council (USGBC) an- construction and operations.
level strategic deal nual ranking of the top 10
Housing.com and Tata Housing have countries for LEED (Lead- According to Dodge Data
and Analytics, which pro-
signed a ership in Energy and Envi- vides data, analytics in the
m u l t i - ronmental Design), a North American commer-
level stra- green building rating sys- cial construction industry,
t e g i c tem. global green buildings are
partner- expected to double every three years
ship deal India leads in the rankings because it and India is a part of that trend.
under which Housing.com will offer has 15.90 million gross square metres
a full stack solution by creating an (GSM) of LEED-certified space and an Increased consumer demand has
additional 89.28 million cumulative pushed the world's green building mar-
exclusive integrated pan-India brand
GSM of LEED-certified and -registered ket to a trillion-dollar industry, a surge
platform highlighting their current
inventory as well as exclusive launch space. About 2,386 projects are partici- that has led to a corresponding increase
of their upcoming projects. pating in LEED across the country. In- in the scope and size of the green build-
dia is also among the top 10 countries ing materials market, which is ex-
As part of this partnership, outside the United States making pected to reach $234 billion by 2019.
Housing.com will implement a wide
range of solutions that would in- Tata Housing and Macquarie ties up to form Rs 2,000
clude interactive tools like Virtual crore fund
Reality, creation of exclusive content
through Housing.com design studio, Tata Housing has tied up with private cent stake in the fund. The projects
equity firm Macquarie Group to set up would be targeted at locations in
leveraging Housing News, IREF plat- a Rs 2,000 crore fund to be used for the Mumbai, National Capital Region,
forms as well as Housing.com's company's luxury housing projects. Bengaluru, Chennai, Kolkata and Pune.
events and brand platform.
Australia-based Macquarie Group will This is the second such fund for Tata
The partnership will also entail work- put in Rs 1,400 crore while the Tata Housing. Its subsidiary Tata Value
ing jointly with Tata Housing to de- group firm will contribute Rs 600 crore. Homes has formed a fund of about
velop new and innovative solutions
"Tata Housing and Macquarie have USD 90 million as it targets to develop
to manage the homebuyer experi- joined hands to invest Rs 2,000 crore about 16,800 homes over the next 10
ence across online and offline chan- in the Indian real estate market," a years.
nels.
source said. Macquarie will have 70 per
16 | 2017 | JANUARY | BANKING FINANCE
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