NAREDCO (National Real Estate Development Council) has signed Memorandum of Understanding (MoU) with GRIHA (Green Rating for Integrated Habitat Assessment), in New Delhi. GRIHA is an indigenous green building rating system developed specifically to suit Indian climate and construction practices.

Commenting on the new development Dr Niranjan Hiranandani, National President, NAREDCO, said: “The objective of the MoU is to exchange information on the latest developments in our respective fields that are of common interest, and jointly work, in particular to benefit the Real Estate Sector. Both parties will participate in each other’s events and program and will help in the advancement of Green Buildings in India as the mainstream choice for all stakeholders of real estate sector.”

It is also worth mentioning that both parties will jointly approach all the municipal bodies, ULBs, state governments to come up with incentives for GRIHA Certified Green Buildings. NAREDCO and GRIHA will also involve themselves in developing programs on development of Sustainable Practices and related issues and Seminars, Symposiums, Conferences, target all stakeholders in the Industry like Builders, Consultants, Contractors, Manufacturers and Service providers.