Thursday, December 2, 2021

88% Of Bengaluru Gated Communities To Ramp Up Green Infra Within 3 Years: MyGate Survey

* Electric Vehicle charging infrastructure is key priority, with 40.6% keen to invest in coming 12 months and 36.8% in the coming three years

Green living is no longer a buzzword, reveals a survey by MyGate, which indicates that 88% of gated communities in Bengaluru are planning to ramp up their green infrastructure facilities in the next three years. MyGate, the largest community management app in India, conducted a survey of resident welfare associations (RWAs) to understand the pulse of gated communities towards electric vehicle (EV) charging infrastructure facilities, solar power and rainwater harvesting. Nearly 800 RWAs participated in the survey of which more than 300+ were from Bengaluru. Of the three, EVs are clearly a priority area, with solar not far behind; on the other hand, nearly two in three communities had already set up rainwater harvesting facilities.

As per the findings, a large majority (77.4%) of gated communities in Bengaluru are planning to install EV charging infrastructure within the next 0-3 years. Of these, 40.6% are aiming to set up the facility within the next 12 months and 36.8% plan to do so in 1-3 years. Interestingly, 7.5% had already installed such infrastructure.

The enthusiasm is not restricted to EV charging infrastructure. Solar infrastructure is also on the minds of RWAs, with 74% of respondents indicating that they intend on installing solar energy infrastructure within three years. However, unlike with EV charging, a greater proportion of communities are looking at a 1-3 year timeline (35.4%), rather than 0-12 month timeline (33.3%); just 5.1% of communities had already invested in solar power (5.1%) infrastructure.

There also remains interest in setting up rainwater harvesting facilities in gated communities, though 65.3% of communities had already set this up. Nonetheless, 23.5% of communities are planning investment in rainwater harvesting in the next 12 months, with 6.1% and 5.1% indicating that they would get it done in 1-3 years and 3-5 years, respectively.

Commenting on the insights, Mr. Abhishek Kumar, COO & Co-founder, MyGate said, “It is encouraging to learn of the scale at which gated communities are looking to invest in and adopt green infrastructure. At MyGate, we would be glad to use our expertise and create a bridge or assist communities to achieve their green goals, as we have already begun doing in the EV space.”

Respondents to the survey represent gated communities across Ahmedabad, Bengaluru, Delhi-NCR, Hyderabad, Mumbai and Pune, and overall results show that the eagerness to go green is a national phenomenon. 88.6% of gated communities across the country expressed an intent to install one of the three major green infrastructure facilities in the near term (0-3 years). 0.6% of the communities surveyed had all three installed.

Across India, 75.4% of gated communities are looking to install EV charging units within the next three years. Similarly, the number of respondents who are keen on setting up solar energy in the next three years is also as high as 75.2%. While close to 53% have already implemented rain water harvesting it is still a key priority when it comes to infrastructure upgradation. Around 38.9% of gated communities are planning to invest in setting up rainwater harvesting within the next three years. While Mumbai (78% of gated communities) is leading with regard to installation of EV infrastructure facilities in the next three years, it is Pune (76.3%) that tops the charts when it comes to solar infrastructure. 

About MyGate

Founded in 2016, MyGate is the largest community app in the country, simplifying urban living of over 3.5 million homes in 25,000+ housing societies. It was ranked #4 on YourStory’s list of India’s Most Disruptive Start-ups in December 2019 and one of India’s coolest start-ups by Business Today in 2019. MyGate was founded by Vijay Arisetty, an ex- IAF pilot (Shaurya Chakra awardee), Abhishek K, former VP at Goldman Sachs, and Shreyans Daga, former project head at Oracle and Digit. 

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