Real Estate Development with Sustainable Solution

Sustainable real estate development entails the implementation of environmentally conscious practices in real estate projects with the aim of reducing negative environmental effects and enhancing socio-economic welfare. It has the potential to serve as a contributing factor in the attainment of the United Nations' sustainable development goals (SDGs). A comprehensive set of 17 sustainable development objectives is expected to be achieved by the year 2030, with the purpose of ensuring a better and more secure future for everyone on the planet. Sustainable development comprises three essential elements: environmental conservation, economic prosperity, and social inclusion. In this era of globalization one question hits our mind, “Why Sustainable Real Estate Development  Matters?” 

According to a report by the United Nations Environment Programme (UNEP), projects associated with the real estate sector are accountable for 36% of worldwide final energy consumption and approximately 40% of carbon dioxide (CO2) emissions linked to energy usage (UNEP, 2019). The significance of sustainable real estate development cannot be overstated when it comes to tackling socio-economic and climate related challenges.

Sustainable real estate offers a wide range of environmental and socio-economic benefits. They not only contribute to the improvement of quality of life but also to the welfare of society and the world in the long term. Some of the Environmental and Socio-Economic Benefits of sustainable real estate are as follows:

Reducing Greenhouse Gas Emissions

The implementation of sustainable practices in real estate development has the potential to mitigate greenhouse gas emissions by reducing energy consumption. One of the contributing factors to fostering sustainable real estate development is the reduction of energy consumption through the utilization of energy-efficient appliances, air conditioning systems, lighting, heating, and ventilation processes.

Choosing Eco-Friendly Materials

Using eco-friendly building materials can also promote a sustainable approach to real estate development. For example, many traditional building materials contain volatile organic compounds (VOCs), which, when released into the environment, can cause health problems. Sustainable building materials are frequently free of VOCs and other toxic compounds, making them a healthier option for indoor air quality.

Smart Site Design

The approach of sustainable site design promotes the advancement of sustainable real estate development. The incorporation of natural resources and biodiversity into the site design is a way to ensure environmental protection. For instance, the implementation of rainwater harvesting systems or greywater reuse systems within residential buildings can effectively mitigate water waste.

Technology for Sustainability

The incorporation of technology can contribute to sustainable real estate development. Smart lighting and smart HVAC (heating, ventilation, and air conditioning) systems provide an ambient environment as well as possible energy savings. For example, an occupancy sensor in the apartment can easily locate whether the room is occupied or not and automatically turn it on or off, or even adjust the power to reduce energy consumption.

Healthier, Happier Living

The socio-economic welfare of a society is greatly influenced by sustainable real estate development. The implementation of sustainable practices in real estate development has the potential to create an eco-friendly environment, thereby enabling individuals to readily embrace opportunities for a healthy and happy life. Green spaces, such as gardens, parks, and walking tracks, contribute to the promotion of a healthy lifestyle.

Community and Social Cohesion

The green spaces such as gardens and rooftop parks serve as communal spaces where individuals from diverse segments of society convene and interact, fostering social cohesion within the community.

Economic Benefits 

Sustainable real estate development can also be beneficial for the economic well-being of the individuals. The implementation of energy-efficient appliances, the utilization of natural daylight, and the adoption of water reuse or recycling methods have been found to be effective strategies for reducing overall costs. Furthermore, contemporary society is witnessing a growing awareness among individuals regarding environmental concerns, thereby generating a demand for sustainable practices in the sector of real estate development. 

Sheltech is a renowned and trusted real estate company in Bangladesh. Since 1988, it has earned a strong reputation by delivering over 170 well-designed and safely constructed projects, strictly following the Bangladesh National Building Code (BNBC) and other applicable standards. Each project reflects a commitment to earthquake and fire safety, green spaces, and modern living amenities. With a reputation built on trust, transparency, and timely delivery, Sheltech continues to set benchmarks in urban development and real estate solutions. As part of its continued commitment to sustainability, Sheltech proudly introduces its latest venture ‘Sheltech Prottasha’. This Sapphire Series project is offering a nature-inspired lifestyle in Dhanmondi. Designed to maximize green spaces and minimize carbon emissions, reflecting its commitment to a greener, more conscious future.