Why Nigerian real estates must embrace decarbonisation

A real estate firm, The Address Homes, has stressed the need for property firms to embrace global shift towards the reduction of carbon emissions.

The firm made the call during a two-day 2022 Real Estate Unite Summit held in Lagos, recently.

Speaking on the sidelines of the summit, the company’s Marketing Manager/Client Sales Executive, Segun Ogunbiyi, said all hands must be on deck to ensure the preservation of the environment via sustainable practices in the real estate sector.

Ogunbiyi said there had been calls across the real estate sector and beyond for individuals and business entities to prioritise clean and renewable sources of energy.

He said, “the world is trying to see how it can reduce the emission of carbon monoxide to secure the environment. There’s a need for all real estate firms to create a sustainable policy within their system that revolves around the workforce, work methodology, the design and the team.”

“There are no quick fixes that will suddenly transform today’s energy inefficient buildings into models of sustainable construction in the coming decades. It will take time, investment and expertise to retrofit the majority of buildings across urban areas.

“Given that more than 60 per cent of carbon emissions within cities typically come from buildings, a concerted effort is needed sooner rather than later.

“It’s why long-term commitments for a net-zero future are now fuelling short-term measures to start formulae action plans that will deliver steady progress.

According to him, one big step towards embracing greener energy sources would be to phase out the use of fossil-based power sources, a practice embraced by the Address Homes.

“When we talk about sustainability, there’s a green concept now. Projects have to be certified through Leadership in Energy and Environmental Design (LEED). For instance, if you use generators more, you reduce them to safeguard the atmosphere.

“Generators emit carbon emission. Technologically, It is being advised that we should start the installation of solar systems and electric systems to sustain the environment.”

Also speaking, Client Sales Executive, The Address Homes, Doyin Olaleye, noted that the real estate firm believes that Nigerians could live in luxury homes without stress.

“We make luxury, premium and high-end homes available to people at affordable prices. We encourage a convenient payment structure for our customers. When people hear about luxury homes, they believe they could afford to live in houses in Ikoyi, Lekki and Banana Island. But we believe that people can actually live in those places without having too much pressure on their finances.

“We make it possible by giving you a well-structured payment plan, in which you pay within two to three years conveniently. We don’t really go strict on our payment plan. We work with people’s finances to make it easier for them because we believe that luxury is for everyone.”

Source:TheGuardian