Nov 25, 2024 01:01 PM IST
Zerodha’s Nithin Kamath proposes linking property costs to air and water high quality to fight air pollution in India.
Zerodha co-founder Nithin Kamath has shared a radical thought of linking property costs with air and water high quality to assist preserve the air pollution ranges down.
Zerodha co-founder Nithin Kamath argued that “a property price discount” for the standard of air and water perhaps an answer to the rising air pollution ranges.(File)
Kamath mentioned that “a property price discount” for the standard of air and water perhaps an answer to the rising air pollution ranges throughout cities within the nation.
“If economics accounted for this, maybe we would all figure this out. Essentially the air and water quality determines the rate for the property,” he steered, including that linking property to air high quality will flip a property proprietor into the proprietor of the place.
“For example, if I went from owning a property in JP Nagar and caring for it to caring for my layout in JP Nagar and then the whole of JP Nagar, it could have a better outcome,” he defined.
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He additionally argued that whereas Delhi’s hazardous air will get a lot of the consideration, the air high quality is just not good in most cities in India together with Mumbai, Chennai, Kolkata and Bengaluru.
‘Time to rethink’
The suggestion was met with constructive feedback from customers on social media who mentioned that financial incentives tied to environmental elements might push communities to take duty.
“The actual worth of real estate reduces when one realises that they are actually breathing polluted air and reducing life span, and that even spending crores of rupees on buying a luxury home can’t buy you real luxury,” mentioned one person.
“The next startup that solves pollution problems will be the one to bet on,” wrote one other person.
(Additionally learn: CRED’s Kunal Shah shares ‘weird’ hypothesis: ‘Knowledge velocity associated to say no in delivery fee’)
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