Startup
The evolution of green buildings: Technology driving sustainability in construction
The construction industry is shifting towards sustainability, with green buildings becoming key to eco-friendly development.
These buildings aim to reduce the impact on health and the environment by using resources efficiently, abating waste, and creating healthier spaces. They significantly reduce greenhouse gas emissions and conserve natural resources. As awareness of climate change grows, technology drives the evolution of green building practices, making them vital in combating climate change and promoting sustainable development.
The roots of green building practices can be traced back to the 1960s with the introduction of ecological architecture. The energy crisis of the 1970s accelerated the push towards renewable energy sources and more energy-efficient buildings. The 1980s saw the rise of the “sustainable development” paradigm, leading to widespread implementation of energy-saving building systems.
In 1990, the UK introduced the world’s first green building standard, followed by the formation of the U.S. Green Building Council (USGBC) in 1993. Notably, the CII-Sohrabji Godrej Green Business Center in Hyderabad was the first building outside the US to receive a LEED Platinum rating at its inauguration, marking a momentous achievement in the global green building movement.
Technological advancements in green building
Enhanced energy efficiency is a cornerstone of green buildings. Technological advancements have significantly improved this aspect, with high-performance insulation, energy-efficient windows, and advanced HVAC systems becoming essential components.
Integrating renewable energy sources like solar and wind power empowers buildings to generate their own clean energy. Smart building technologies, such as sensors and automation, optimise energy usage by learning occupancy patterns and adjusting heating, cooling, and lighting accordingly.
India’s Energy Conservation Building Code (ECBC) mandates energy efficiency standards for new commercial buildings, contributing to significant energy savings. The government’s ambitious renewable energy targets, along with the development of smart grids, further support the integration of clean energy sources into green buildings. These efforts are crucial for achieving India’s goal of net-zero emissions by 2070 and reducing CO2 emissions from the power sector.
Green buildings prioritise water conservation through efficient plumbing fixtures, rainwater harvesting, and greywater recycling. Smart irrigation systems optimise water usage by adjusting schedules based on weather and soil conditions. Water-efficient appliances and drought-resistant landscaping further reduce water consumption.
These measures not only benefit the environment but also lower operational costs for building owners. India, facing declining per capita water availability due to population growth and climate change, has implemented various water conservation initiatives. The National Water Policy emphasises efficient water use, rainwater harvesting, and groundwater management.
Government initiatives like the Jal Shakti Abhiyan and specific programs like Har Ghar Jal Yojana and Jal Jeevan Mission aim to provide safe drinking water to all rural households and improve water quality. Additionally, the government is working on a National Water Grid to address regional water imbalances.
The building industry is actively promoting sustainability by investing in sustainable materials that reduce resource consumption and waste. Innovative materials, such as cardboard or chipboard panels, repurpose existing resources to minimise the carbon footprint. Aerocon panels, for example, offer rapid on-site assembly and enhance efficiency. These advancements not only improve sustainability but also enhance project efficiency and cost-effectiveness.
India has its own green building materials certification system to encourage the use of sustainable materials. Government incentives, including tax benefits and subsidies, further promote their adoption. Additionally, research institutions and universities in India are actively engaged in developing new sustainable materials.
Building Information Modeling (BIM) is a digital representation of a building that significantly enhances the sustainability of green construction. As a collaborative platform for architects, engineers, and construction professionals, BIM optimises planning, design, and management processes. This leads to better resource management, reduced waste, and increased efficiency throughout the building’s lifecycle.
BIM enables precise simulations and analyses, supporting improved energy use, material selection, and overall sustainability. All Government projects in India, such as infrastructure development and smart cities, have been mandated to use BIM. The National Highways Authority of India (NHAI) has developed a BIM Toolkit, which provides guidance on BIM implementation for highway projects.
The Bureau of Indian Standards (BIS) has published several BIM standards, including IS/ISO 19650, which provides a framework for BIM implementation. As of now, there isn’t a strict, nationwide BIM mandate in India. However, there are strong government initiatives and recommendations promoting its adoption.
While there isn’t a universal mandate, the trend is clearly towards BIM adoption in India, driven by its potential benefits in improving efficiency, reducing costs, and enhancing sustainability in construction projects.
Market growth, regulatory support, and certification
India’s smart homes market is set to expand by 9.14% from 2024 to 2028, reaching a valuation of $9.2 billion. This growth is driven by the increasing integration of Internet of things (IoT) devices, which improve home security, energy efficiency, and overall convenience. Concurrently, the green buildings market in India is projected to grow significantly, contributing $39 billion by 2025.
This trend reflects a rising emphasis on sustainable construction, with green buildings making up a growing share of new developments. Within this market, the commercial segment is expected to generate $11 billion, while the residential segment is projected to reach $28 billion.
The proliferation of green building practices has been bolstered by certification systems and standards. The Leadership in Energy and Environmental Design (LEED) certification, established by the U.S. Green Building Council (USGBC), is widely recognized. Green Business Certification Inc. (GBCI) is the sole body providing LEED certification in India, ensuring adherence to global standards.
Indian regulatory frameworks, such as the Energy Conservation Building Code (ECBC) and Green Rating for Integrated Habitat Assessment (GRIHA), promote sustainability. Government initiatives offer incentives like tax benefits, low-interest loans, and fast-track approvals for green projects, which seek to make green building financially viable and encourage private sector investment in sustainable practices.
Global commitments and future directions
At COP28, global leaders committed to tripling renewable energy capacity and doubling energy efficiency improvements by 2030, highlighting the critical need for sustainable initiatives. India’s goal of achieving net zero emissions by 2070 further stresses the importance of green buildings.
The future of green buildings looks promising, driven by increasing awareness and regulatory support. Enhanced building codes and sustainability standards are set to play a crucial role, encouraging developers to adopt more environmentally friendly practices. These efforts will help reduce carbon footprints, conserve resources, and promote healthier living environments.
(Marc Nezet is the Chief Strategy Officer (CSO) and Chief Division Officer (CDO), Operate & Manage Division at Nemetschek Group,)
Startup
Thesys secures $4M funding led by Together Fund
AI startup Thesys bags $4 million funding in a round led by Together Fund. The round also saw participation from 8VC, the company said in a statement.
The startup will use the funding to bridge the gap of user experience with AI agents. As a visual collaboration tool, the company will also provide a platform that will enable businesses to ideate, visualise, and ship intelligent experiences at scale.
“The way we engage with technology is changing faster than ever. Static interfaces simply don’t meet the demands of today’s AI-capabilities…At Thesys, we’re building tools that make it possible for businesses to adapt and thrive in this new era,” said Parikshit Deshmukh, Co-founder, Thesys.
This evolution is about unlocking the full potential of AI-driven interactions and delivering unparalleled user experiences, he added.
“The future of AI relies as much on intuitive, adaptive interfaces as it does on backend capabilities. Thesys’ vision for Generative UI aligns perfectly with Together Fund’s commitment to enabling founders who are redefining the user experience,” said Manav Garg, Co-founder and managing partner of Together Fund.
“By empowering teams to create real-time, personalized interactions, Thesys is setting a new standard for AI-driven interfaces. We’re excited to support their journey in transforming the role of design and development tools for the next generation of AI applications,” he added.
The company, founded by Rabi Shanker Guha and Parikshit Deshmukh this year, emerged from the understanding of the need to provide support in the shift towards AI-driven interfaces, it said.
“Thesys envisions a future where all interfaces dynamically adjust to each user’s behavior, preferences, and needs—driven by what the company calls “Generative UI”. Unlike traditional static interfaces that rely on predefined paths, Generative UI uses AI to create unique, adaptive user interfaces on-the-fly, allowing businesses to provide truly personalized digital experiences,” the company added.
The company plans to launch a UI SDK that is set to enable developers to seamlessly integrate Generative UI into their applications. Additionally, post its closed beta launch, the company plans a general availability (GA) with its product within the next quarter positioning itself as the go-to product toolkit for businesses looking to stay ahead in the AI revolution.
“Thesys is pioneering a transformative shift in UI design workflows by integrating AI-driven adaptability… Their Generative UI approach aligns with our commitment to investing in technologies that drive innovation in user experiences,” said Bhaskar Ghosh, partner at 8VC.
Startup
BrowserStack launches AI-driven Low Code Automation tool
Software testing platform
has rolled out Low Code Automation, a solution to simplify test automation for quality assurance teams, developers, and non-technical users.The newly launched solution will address challenges faced by software teams, including manual testing delays and complex automation frameworks, BrowserStack said in a statement.
While traditional test automation requires coding expertise by often limiting non-technical testers to contribute, this tool allows user—irrespective of their technical background—to create and manage AI-driven automated tests without writing code. Users can also use BrowserStack’s cloud infrastructure for reliable test execution.
“(The AI-powered Low-Code Automation (LCA) simplifies the process of building and maintaining test automation suites compared to traditional tools like Selenium. It reduces the steep learning curve and complexity often associated with automation projects, leading to a quicker return on investment (ROI),” Chintan Doshi, Director of Product Management at BrowserStack, told YourStory.
To support development teams worldwide, Low Code Automation speeds up testing cycles, boosts product quality, and enhances user experience by reducing technical barriers.
“Citizen testers—such as business analysts, product managers, and customer support teams—can easily add validations and create automated tests with the test recorder, without requiring coding skills. This reduces their dependency on developers and QAs and empowers them to actively contribute to testing efforts,” Doshi explained.
Founded in 2011 by Ritesh Arora and Nakul Aggarwal, BrowserStack provides a cloud-based platform for developers to test websites and mobile apps across devices, operating systems, and browsers on demand.
With headquarters in San Francisco and Mumbai, the company has expanded its product line to include over 15 products, of which 10 were launched in the past 18 months.
In August, the Accel-backed firm acquired Berlin-based Bird Eats Bug, an advanced bug-reporting tool. The acquisition aims to address the existing gaps in bug reporting and streamline fragmented testing workflows.
Startup
Flipkart’s delivery arm Instakart reports widening losses, lower revenue in FY24
Flipkart’s delivery service arm Instakart’s FY24 losses increased multifold to Rs 1718.4 crore, from Rs 324.6 crore in the previous year, hurt by higher expenses and marginally lower revenues.
The company, which is in the logistics, warehouse, courier and allied services business, clocked an operating revenue of Rs 12,115.3 crore in FY24, 5% lower than Rs 12,787.4 crore it posted a year ago, according to filings made with Toefler.
During the period, the company’s total expenses increased 6% to Rs 14,149.4 crore, mainly driven by employee benefit and other expenses.
Logistics services accounted for the majority (about 78%) of Instakart’s total operating revenues, with Rs 9,429.8 crore, marginally lower than what it collected in the previous year.
Warehousing services, which accounted for about 10% of total operating revenues, witnessed a 28.4% drop in revenue, while collection services, which accounted for 12%, remained stable.
Just a week ago, Flipkart Internet reported a 21% rise in FY24 revenue at Rs 17,907.3 crore helped by rising income from its advertising services.
Flipkart India Ltd, which is Flipkart’s business-to-business (B2B) arm, reported a 26.4% rise in revenue from operations at Rs 70,541.9 crore in FY24.
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