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IREO announces tie-up with GRIHA for Green Rating for its projects


India’s first and largest real estate private equity firm, IREO, today announced its collaboration with the GRIHA Council for implementation of the Green Building concepts and the GRIHA Rating variants for IREO projects. IREO has already registered about 8 million square feet building footprint with GRIHA Council and is in process of registering an additional footprint of 2 million square feet.

Under this collaboration, IREO is committed to obtain GRIHA rating for its significant upcoming and future projects. As part of the MoU, GRIHA Council will be helping IREO in setting up a project implementation unit for executing GRIHA Certification and shall work with IREO to maximize awareness and outreach on green initiatives through publicity campaign, marketing, collaterals and dedicated link to GRIHA Council website. IREO along with collaboration of GRIHA Council shall establish a review committee to monitor and provide guidance for smooth implementation of the green building initiative.

Speaking on the occasion, Pankaj Dugar, CEO, IREO said, “IREO’S vision of multiplying “quality of life” revolves around a few key principles of environmentally sound and sustainable development like conservation of resources, design for minimum waste, energy efficient buildings including use of renewable energy such as solar, prevention of pollution and use of futuristic technology such as automation, etc. This collaboration with GRIHA will reinforce this commitment and helps us benchmark against the highest national standards”.

Sanjay Seth, Chief Executive Officer, GRIHA Council said, “I welcome the initiatives taken by IREO towards integrating green concepts in their projects and there further commitments for their future projects. We, at GRIHA Council, undertake to build up internal capacities within IREO to obtain GRIHA rating for their upcoming housing and commercial projects.

“I see this partnership going a long way wherein GRIHA’s credential and IREO’s expertise in meeting the government’s current agenda for smart cities, inclusive growth and sustainable development,” added Mr. Seth.

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