Energy Efficiency Process Improvement in the Indian Real Estate Industry

Ariyil Prajin () and Weerakoon Thilina Ganganath
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Ariyil Prajin: Riga Technical University, Riga, Latvia
Weerakoon Thilina Ganganath: Vilnius Gediminas Technical University, Vilnius, Lithuania

Baltic Journal of Real Estate Economics and Construction Management, 2024, vol. 12, issue 1, 166-183

Abstract: This study addresses the significant environmental impact of the rapidly expanding Indian real estate sector by examining energy efficiency practices through building information modelling (BIM) simulations. Employing a mixed-method approach, the research combines qualitative data from reputable literature sources and quantitative data collected via a questionnaire survey, chosen for its practicality and effectiveness in reaching a large sample size. The statistical approach involves factor analysis, utilizing the Kaiser–Meyer–Olkin (KMO) test and principal component analysis (PCA) to explore underlying data structures and identify key variables. Findings highlight the importance of boosting BIM adoption, customizing energy efficiency measures to local contexts, fostering industry collaboration, implementing monitoring mechanisms, and investing in research and development. These recommendations aim to guide industry stakeholders, policymakers, and researchers in promoting sustainable development and enhancing energy efficiency in the Indian real estate market.

Keywords: BIM; real estate; energy efficiency; energy modelling; sustainable development; India (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:vrs:bjrecm:v:12:y:2024:i:1:p:166-183:n:1011

DOI: 10.2478/bjreecm-2024-0011

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