Fostering economic growth without endangering the ecosystem is dubbed sustainable development. It is about protecting the natural environment and reducing greenhouse gasses and developing our economies while protecting the ecosystem and providing our upcoming generations with a natural environment.

Industrialization and the inception of the modern era have various impacts on our societies. Though beneficial impacts outnumber the negative ones. But given the drastic impacts of climate change, soil erosion and deforestation, we cannot now overlook these issues and should try to sort them out. Further, the idea of social development also stresses the promotion of social equity to improve the lives of human beings and provide them with a better lifestyle while preserving the essence of our ecosystem.

The real estate sector is also expanding and if we consider its traditional route, its share of greenhouse gas emission and waste generation is also surging. But with this global campaign to address our collective issues, this sector is also being molded and the idea of sustainable development is being incorporated via sustainable designs, structures and procedures. If this sector fully embraces this notion, its impacts will be tremendous because real estate prevails everywhere and no development can be envisaged without structures, infrastructure, etc. 

Benefits of sustainable real estate development

Environmental Advantages

Real estate is everywhere and so are its negative and positive impacts. Sustainable infrastructure will minimize carbon footprint, water consumption and waste generation. It means it will help us preserve our ecosystem and improve air quality and in a way preserve potable water that is reducing drastically around the globe.

Socioeconomic Advantages

Social well-being and economic development like the accessibility and availability of basic amenities such as water, shelter, comfortable, healthier lifestyle and a better habitat are some of the focal points of sustainable development. Sustainable real estate will not only reduce carbon emissions, consumption of energy, and eco-friendly development approaches but it will also make social amenities within our reach and enhance the usability of our properties and thus the value of properties.

Conclusion

Considering the socioeconomic and political conditions of our country, sustainable real estate is incumbent for us. As our country is one of the worst-hit countries by climate change and the lifestyle of most of our people is reprehensible, the focus on sustainable development cannot be diverted. The government and other stakeholders should play a productive role to achieve this milestone.