Prestige Group Wins Prestigious Sustainability Awards: GRESB Recognition and IGBC Green Champion Title
Bengaluru, India, November 19, 2024: Prestige Group, one of India’s leading real estate developers, has been honored with two prestigious accolades for its commitment to sustainability initiatives— GRESB (Global Real Estate Sustainability Benchmark) recognition and the Indian Green Building Council (IGBC) Green Champion Award. These awards reaffirm Prestige Group’s unwavering commitment to sustainable development and innovative practices across its office ventures.
GRESB recognized Prestige Group’s performance in environmental, social, and governance (ESG) practices, ranking its Mumbai office ventures as a Regional Sector Leader. Additionally, the IGBC Green Champion title highlights the Group’s leadership in driving green building initiatives, with several of its Existing and under-development office parks certified as environmentally sustainable.
Commenting on the achievement, Mr. Juggy Marwaha, CEO, Prestige Group, Office, said, Prestige Office Ventures has always been a pioneer in redefining workspace standards. Winning these awards reflects our commitment and dedication to building high-performance buildings (HPB) that are future-proof sustainable office spaces that meet the evolving needs of businesses while focusing our energies on environmental consciousness in the built environment.”
Adding to this, Mr. Nirbhay Lumde, Sr. VP, ESG, Prestige Group, said, “These recognitions are a testament to Prestige Group’s commitment to embedding sustainability in every facet of our operations. From innovative design strategies to operational efficiencies, we remain steadfast in creating spaces that balance economic value with environmental stewardship.”
Prestige Group’s office portfolio includes some of India’s most iconic and eco-conscious developments, designed to foster productivity and sustainability. With this recognition, Prestige Group continues to set new benchmarks in responsible real estate development, aligning with its long-term vision of creating greener, carbon-reduced office buildings and aiming towards net zero high-performance buildings.
About Prestige Group:
Prestige Group, one of the leading real estate developers in the country, has a legacy of over three decades in real estate development. It has a diversified business model across various segments, viz., Residential, Office, Retail, Hospitality, Property Management, and Warehouses with operations in more than 13 major locations in India. The Group has completed 302 projects spanning a developable area of 193 mn sft as of September 2024. The company has been graded CRISIL DA1+ by CRISIL and enjoys a credit rating of ICRA A+.
Disclaimer: Above is the press release issued by the prestige group.
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