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The Intergovernmental panel on climate change’s special report on global warming of 1.5 degrees Celsius underscores that all sectors must decarbonize by 2050. India is poised to become the third largest construction market in the world.The real estate sector in India is expected to reach a market size of US$1 trillion by 2030 from US$120 billion in 2017 and contribute 13% to the country’s GDP by 2052. It also contributes 25% of India’s GHG emissions which is likely to increase in the future due to increased energy demand. The financial impact of climate risks to the Indian businesses is estimated to be a whopping ₹7,138 billion in 2020. If the current energy-intensive practices continue, energy-related CO2 emissions from the building sector will increase by 82% in 2050 as compared to 2021 levels. This will further increase the climate risks for Indian businesses.