Tata Realty's Ramanujan Intellion Park to become India's first EDGE Zero Carbon Project

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Ramanujan Intellion Park in Chennai achieved the EDGE Zero Carbon Certificated to become the ninth EDGE Zero carbon challenge within the World

MUMBAI, India, Nov. 14, 2022 /PRNewswire/ — TATA Realty’s Chennaibased mostly industrial asset – Ramanujan Intellion Park, turns into the first Indian campus to be acknowledged with the EDGE Zero Carbon certification by the International Finance Corporation (IFC). The certification acknowledges the corporate’s efforts to assemble inexperienced industrial buildings which have negligible impression on the surroundings. This certificates was issued on November 8, 2022 whereby they verified Ramanujan Intellion Park, Chennai for the interval November 2021-October 2022.

TATA Realty’s Chennai based commercial asset – 'Ramanujan Intellion Park, becomes the first Indian campus to be recognized with the EDGE Zero Carbon certification by the IFC'

EDGE’s new Zero Carbon certification permits asset homeowners to map a quantified path to zero carbon and attain rapid recognition by certification. This recognition comes as India reiterated its local weather targets through the COP 27 assembly in Egypt. Tata realty’s participation in COP27 (Egypt Climate Summit) is among the small steps taken by the corporate so as to fight the worldwide local weather emergency. In order to meet the Paris Agreement, there’s a want for each constructing constructed to meet the Zero Carbon targets by 2050.

Ramanujan Intellion Park has achieved a whole discount of emissions by renewables or carbon off-sets, saving greater than 20 p.c on water and embodied power in supplies whereas attaining over 40 p.c power financial savings on-site. This is a step in the direction of Tata Realty’s ESG strategy to being a “Responsible Real Estate Developer Leading the Change with Purpose“.  



ENERGY SAVINGS OVER BASELINE

41.57%



ELECTRICITY CONSUMED ON SITE

34,865,110 KWH/YEA



PHASE 1





ON-SITE RENEWABLE GENERATION

598,530 kWh/yr (1.72%)



TOTAL ENERGY USAGE

121.11 kWh/m2 /yr

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ENERGY SAVINGS OVER BASELINE

42.21%



ELECTRICITY CONSUMED ON SITE

9,228,388 kWh/yr



PHASE 2





ON-SITE RENEWABLE GENERATION

155,281 kWh/yr (1.68%)



TOTAL ENERGY USAGE

84.04 kWh/m2 /yr

 

Commenting on this achievement, Mr. Sanjay Dutt, MD & CEO, Tata Realty and Infrastructure Limited, mentioned, “Tata Realty has always endeavoured to exceed its ESG goals and has placed sustainability on high significance. According to International Energy Agency (IEA), by 2050, buildings and the construction sector combined will be responsible for 30 percent of total global energy consumption and 27 percent of total energy sector emissions. Therefore it is critical to adhere to green building practices and be zero-carbon ready, which is an important part of the sustainability goals of Tata Group.”

“We adopt global sustainability practices in building development and make all of our projects environment-friendly. As a part of our ESG journey, we are committed to the local community and environment, and therefore as responsible real estate, we will develop green buildings with LEED platinum certification, WELL certification, and IFC EDGE certification. In addition to this, we will have an enhanced focus on renewable energy inclusion in our energy mix. On the social front, we have taken a commitment to touch over one lac lives positively.  At Tata Realty, we aim to continue delivering energy-efficient buildings, and this certification is a testimony of our sincere efforts.”

“With buildings responsible for a significant amount of emission and energy consumption, scaling up innovation to support availability of more resource-efficient and affordable buildings in emerging markets is vital to addressing climate change and reaching the global goal of net-zero emissions,” mentioned Wendy Werner, India Country Head at IFC. “We are encouraged by the commitment shown by Tata Group and other private sector players in India to contribute to the global climate goals and build a sustainable future. Our hope this that this will encourage more builders and developers to aim for zero emissions and take part in the EDGE certification process.”

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As per the IEA, buildings all over the world contribute to about 40% to the present greenhouse fuel emissions. This has led long run traders like pension funds and monetary establishments to analyze the general power effectivity of their portfolios. The focus is quickly switching from new constructing inventory, which has at all times been the simplest to construct in a sustainable method, to the problem of creating present constructing inventory to be inexperienced.

About TATA Realty and Infrastructure Limited

TATA Realty and Infrastructure Limited is a 100% subsidiary of Tata Sons and one of many main actual property growth firms in India with an intensive portfolio of over 50 initiatives throughout 15 cities. With an agenda of shelling out clever, collaborative, and dynamic initiatives, TATA Realty and Infrastructure Limited has developed ~16.8 mn. Sq. ft. of business initiatives and has ~30 mn. sq. ft. of initiatives below growth & planning.

After establishing its robust foothold in Chennai, Gurugram, and Mumbai, TATA Realty and Infrastructure Limited goals to add 10 mn. Sq. ft. within the subsequent 3 years and transfer in the direction of its aim of getting a portfolio of 45 million sq. ft. by 2027.

Keeping with the Tata philosophy of management in sectors of nationwide financial significance, TATA Realty and Infrastructure Limited and Infrastructure Ltd was arrange to determine probably the most promising alternatives for development within the Indian actual property and infrastructure enviornment. TRIL is presently targeted on long-term infrastructure initiatives of nationwide significance, in addition to mixed-use initiatives in the true property sector.  As is with all Tata firms, the choice of initiatives is a specialised course of, with the eventual choice record scoring excessive not solely on business aims but in addition on the guiding Tata values and insurance policies. Tata is one among India’s largest conglomerates, with annual income of over $100 billion, and 107 working firms in seven business sectors, using over 750,000 individuals worldwide. 

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For More Info: https://www.tatarealty.in : www.intellion.in

About IFC

IFC — a member of the World Bank Group — is the most important world growth establishment targeted on the personal sector in rising markets. We work in additional than 100 international locations, utilizing our capital, experience, and affect to create markets and alternatives in creating international locations. In fiscal yr 2022, IFC dedicated a file $32.8 billion to personal firms and monetary establishments in creating international locations, leveraging the ability of the personal sector to finish excessive poverty and increase shared prosperity as economies grapple with the impacts of worldwide compounding crises. For extra data, go to  www.ifc.org

Photo: https://mma.prnewswire.com/media/1946190/Ramanujan_Intellion_Park_Chennai.jpg

Photo: https://mma.prnewswire.com/media/1946170/Ramanujan_Intellion_Park.jpg

 

TATA Realty’s Chennai based commercial asset – 'Ramanujan Intellion Park, becomes the first Indian campus to be recognized with the EDGE Zero Carbon certification by the IFC'





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