Sustainable Development of Innovation Hubs in the Indian Green Building Sector

Mukund Nimisha, Vijayakumar Anandhu () and Davidova Jelena
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Mukund Nimisha: Eberswalde University for Sustainable Development, Eberswalde, Germany
Vijayakumar Anandhu: Turiba University, Riga, Latvia
Davidova Jelena: Daugavpils University, Riga, Latvia

Baltic Journal of Real Estate Economics and Construction Management, 2024, vol. 12, issue 1, 223-244

Abstract: This research aims to analyse the factors influencing the sustainable development of innovation hubs in the Indian green building sector. The research focuses on the significance of innovation hubs in enhancing sustainability in the Indian green building sector. These hubs decrement costs, improve market value, attract huge investments and generate job opportunities. Innovation hubs promote reducing waste, effectively using resources and mitigating carbon emissions. Incorporating advanced green technologies through innovation hubs helps to develop more eco-friendly architectural solutions. The authors utilized quantitative methodologies to gather and analyse the acquired data. Primary data is collected through a digital survey, and secondary data is acquired by retrieving information from articles and journals of academic databases. Snowball sampling was used by the authors, and 150 individuals participated in the survey. The obtained data is analysed using the Chi-square test and Spearman correlation to identify the strength of the relationship between identified variables and innovation hubs in the green building sector in India. The factors are government policies and regulations (0.709), technological advancements (0.648), skilled workforce (0.517), market demand (0.619), public-private partnerships (0.527), and supply chain efficiency (0.501). A model is developed to enhance the sustainable innovation hubs in green buildings in India.

Keywords: Chi-squared test; green-building; innovation hubs; Spearman correlation; sustainable development (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:223-244:n:1015

DOI: 10.2478/bjreecm-2024-0015

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