Why Sustainability Is Important In Real Estate
Green is the new black. But what does ‘going green’ really mean? As the 52nd anniversary of Earth Day waltz up at breakneck speed, the buzz of the word “sustainability” is also getting louder and louder by the minute. Not to mention the increasing number of architects who engage in biophilic architecture over the last two years.
When the coronavirus caught everyone off guard, homes became everyone’s safe haven — personal spaces away from the virus’s threat. The spread of the COVID pandemic, which shocked the world, however, sparked the creative and innovative minds of building design professionals to make homes that are the most “eco-friendly” without sacrificing safety and comfort.
What’s more? Developers are constructing homes and renovating real estate projects that embrace green architectural design and contribute to the creation of a more sustainable future. However, delving into the issue of the significance of real estate sustainability is more than just looking at the surface. It is a much more in-depth discussion with the goal of learning more.
WHAT IS SUSTAINABILITY AND WHERE DID IT BEGIN?
It seems inconceivable that the concept of sustainability dates back more than 30 years ago. It had come to light for the first time in 1987 in the famous Brundtland Report (also entitled ‘Our Common Future’) engendered by several countries for the UN. A commission led by Doctor Gro Harlem Brundtland produced the report to coin the definition of sustainable development as ‘meeting the needs of the present without compromising the ability of the future generations to meet their own needs.’
This report was also the first to warn humanity about the negative environmental consequences of globalization and economic development, and it attempted to mitigate the emerging problems caused by industrialization and population growth. It is assumed that resources are finite and that in order to ensure that there will be enough for the next generation, a conservative and careful use that does not jeopardize the current quality of life should be followed. The ability to grow and subsist without depleting natural resources for the future is referred to as sustainability.
A green society is one that promotes environmental conservation and a strong balance between human and natural systems.