As world’s First ‘IFC-EDGE Advanced’ certified speculative life sciences building
Rx Propellant, India’s leading life sciences infrastructure platform, has announced that 3GV, one of its pharma and life sciences facilities located at Genome Valley, Hyderabad, has secured the distinction of being the first ‘IFC-EDGE Advanced’ Certified Speculative Life Sciences Building, globally.
Rx Propellant has a proven track record of delivering specialized life science real estate projects across India with current portfolio in Hyderabad, Bengaluru, and Mumbai. The company has taken the helm in developing 3GV as a flagship life sciences and pharma center, with a total built-up area of 150,000 sq ft. Drawing upon its leadership team’s collective expertise spanning over 40 years and a steadfast commitment to excellence, Rx Propellant aims to set a pioneering standard for green building performance in India with 3GV.
Milind Ravi, Chief Executive Officer, Rx Propellant said, “It is a huge milestone for us in the direction of reinforcing our commitment towards sustainability. Apart from 3GV we have a series of subsequent projects where we aim to achieve EDGE Net Zero certifications. Industry puts a premium on facilities that are environmentally sustainable and are aligned with their overall ESG goals.”
Shami Nissan, Partner, Head of Sustainability at Rx Propellant’s parent company Actis, added: “With the support of Actis’ sustainability team, Rx Propellant is on a path to becoming a true sustainability leader in India’s life sciences real estate market. It is fantastic to see the assets achieve external recognition for best-in-class sustainability credentials, as evidenced by this landmark certification for 3GV, and these can help drive additional value and, in the case of efficiency measures, cost savings. It’s a win-win.”
EDGE-certified buildings offer tangible benefits for businesses operating in the life sciences industry; by significantly reducing energy and water consumption, translates into substantial cost savings for life science companies. Green buildings have been shown to enhance occupant health and well-being by providing improved indoor air quality, natural light, and thermal comfort. EDGE certification aligns with this ethos by promoting sustainable building practices that reduce greenhouse gas emissions and conserve natural resources. In an increasingly eco-conscious marketplace, consumers and investors alike are placing greater importance on sustainability.
