Oct 29, 2015: K Raheja Corp bags 2 awards at the Asian Leadership Awards Wins kudos for Environmental Friendly Project and CSR initiatives. Realty major K Raheja Corp has bagged two awards at the prestigious Asian CSR Leadership Awards, last week. Pioneering and staying committed to the green cause over the years, recognition was received in the categories of – Best Environmental Friendly Project, and CSR Leadership. Initiated in 2010, The Asian Leadership Awards (ALA) is presented to remarkable business leaders and organizations in the continent for their continuing commitment to excellence, developing best practices and innovative strategies.
AWARD 1) Best Environmental Friendly Project – was bagged by the Company’s commercial project -Mindspace Building No. 6 with a built up area of 32,708 Sq. mtr at Madhapur, Hitech City, Hyderabad. This building is the 2nd largest LEED NC Platinum rated building in India in terms of built up area.
The building has been constructed with energy efficient specifications – even though cost of construction was 2.79 times higher than the base conventional case. In the absence of a policy mandating implementation of energy efficient buildings in India and no additional revenue gain to the Company, it was purely the commitment to green that encouraged the choice of the construction procedure which has led to reduction in CO2 – Green House Gas emission.
The Building was modelled employing eQuest energy analysis software & the project saved 35.9% in Energy costs over the mandated ASHRAE 90. The tangible benefit is in reduction of operating energy cost right from day one during the entire life cycle of the building. Intangible benefits like enhanced ventilation, better views and day lighting that improves the productivity of the occupants. Even though Green Platinum building costs 10-15 % higher than the conventional bldg., the payback period would be 3-4 years with reduction in operational costs. It promotes environmental, economic, and social benefits while protecting the needs of future generations.
AWARD 2) The CSR Leadership Award has been for the company’s overall Real Estate Green building initiatives. In fact the company is in the process of developing y 32.68 mn sq.ft. of green space across the country with most of its buildings having been certified under LEED Platinum or Gold categories.
Mr. Shabbir Kanchwala, Senior Vice President, K Raheja Corp, said “It is a great honor to be recognized with two prestigious awards at such a prominent international platform. Awards are recognition and re-affirmation of our endeavor to remain committed in the green space. We look forward to continuing to innovate, while adding value to our customers and giving back to the environment.”
Around 200 Multi-National Companies like Tata Steel Ltd., Moser Baer India Ltd, Doha Bank from various countries like the US, Dubai, Qatar, Malaysia, Singapore, Philippines, and China, apart from India took part in the award event held at Dubai recently.
About K Raheja Corp
K Raheja Corp is a success story spanning six decades and today stands as the most trusted ‘destination developer’ of India. Foreseeing the dynamic and every changing customer demands, the Company continually crafts state-of-the-art spaces with just the right proportions of innovation, modernization and functionality. The veterans and extremely proficient promoters have teamed up with the best professionals from the industry to take forward the legacy, delivering to India superlative offerings.