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India REIT announces sustainability investment

14th March 2023

Embassy Office Parks REIT has launched a plan to spend more than $35 million on sustainability initiatives.

The Indian real estate investment trust has committed INR3 billion ($36.4 million) to double its solar energy capacity to 240MW of on and offsite power. Last week it launched a 20MW rooftop solar project as part of this programme.

The REIT, which owns office properties in Mumbai, Delhi, Bangalore and Pune, aims to achieve 75% renewable energy usage by 2025 as part of its commitment to hit net zero carbon in operations by 2040.

CEO Vikaash Khdloya said: “Keeping sustainability as a core focus, we continue to deliver and operate world-class, wellness-oriented workspaces for our occupiers and their employees.”

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