The Free Press Journal

Real estate projects to include EV charging

The announceme­nt was made by real estate body Naredco; it’s in collaborat­ion with Tata Power, which has promised to install 5,000 points across member properties; it will bring in efficient EV ecosystem

- SWEETY ADIMULAM AND SANJAY JOG

In a major announceme­nt and step towards sustainabl­e developmen­t, the National Real Estate Developmen­t Council (Naredco), the apex real estate body which has over 10,000 developer members, has announced that their projects henceforth will include charging points for electric vehicles (EVs) for consumers in Mumbai, Thane and the Mumbai Metropolit­an Region.

In the past one year, the state government has made its intention clear on promoting EVs over regular fuel vehicles; it has replaced many of its government transport and regular buses, too, with EVs.

Amid chorus for e-mobility, Tata Power, a leading EV charging infrastruc­ture provider, has also collaborat­ed with Naredco, to install up to 5,000 EV charging points across its members’ properties. The MoU was signed on Thursday at the Real Estate Forum, 2022 in Mumbai in the presence of state minister for tourism and environmen­t Aaditya Thackeray.

Aaditya said the MoU for charging stations will surely give a boost to the state’s EV adoption. He said, “We are shy of the peripheral tag of builder-politician that has been given to us. But I am here to say that whenever there is a builder-politician partnershi­p, we have seen the good it can do to citizens.”

The minister said whenever there is talk of EV adoption, he is often asked about the related infrastruc­ture like charging stations; it’s one of the biggest issues.

Henceforth, the charging points will be made available at public/ semi-public stations based on the nature of the premises. This will help commuters easy access, thereby encouragin­g them to use EVs. Tata Power has already deployed over 500 public and semi-public charging points in Maharashtr­a and over 1,500 public EV charging points across different cities.

Niranjan Hiranandan­i, the vice-chairman of Naredco said, “At time when fuel prices are soaring, it is necessary to have an alternativ­e source of energy.” He said that the developmen­t which the MMR is witnessing in terms of metros, railway expansion and the new airport at Navi Mumbai, will change the face of the entire state.

Dr Praveer Sinha, the CEO and MD of Tata Power said, “The move will put an efficient EV ecosystem closer to the end-user, allowing us to contribute to the national aim of a rapid transition to green mobility.”

It is quite evident that EVs are the future of the automobile industry. Their role in curbing air pollution is the most eye-catching factor. The purchase is influenced by various attitudina­l factors of individual­s, such as perceived benefits, social influence, price acceptance, performanc­e, technologi­cal consciousn­ess, and marketing, distributi­on, and after-sales. But, the factors like perceived barriers, policy attributes, and perceived usefulness, and ease of use cause an impeditive effect on EV adoption.

Pritam Chivukula, treasurer, CREDAI MCHI

Builders Associatio­n of India, a body of all infra and real estate developers, wants a fair incentive to be given by all government bodies to all the projects that facilitate EV charging points. Once done, people will be inclined to buy EVs and we will save a large amount on fuels. Anand Gupta, chairperso­n, Housing and Rera Committee of BAI

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