The initiative by Brookfield Properties will reduce travel time between Ecoworld and Outer Ring Road by 65%, positively impacting over 1,00,000 users
Bengaluru, 29h July 2022: Brookfield Properties revamps the roundabout connecting Ecoworld Central Avenue and the Outer Ring Road (ORR) by constructing the Bengaluru’s most sustainable roadway using 3000KG of recycled plastic. The initiative is part of a larger infrastructural upgrade plan for the area led by Brookfield Properties in partnership with IBI – A Canada based architecture, engineering, planning, and technology firm, BBMP – Bruhat Bengaluru Mahanagara Palikeand Bengaluru Traffic Police.
The new road is built using a first-of-its-kind solution ‘GridMats,’ a patented method for building roads and pavements made entirely of recycled plastic waste. This approach consumes 30% less water, 74% less carbon footprint and is 20%-25% cheaper than traditional concrete roads. The project has been executed by PotHoleRaja, an organization specializing in building sustainable roads from recycled plastic.This road upgrade has resulted in a 65% reduction in travel time.
Acquired in 2020,Ecoworld is a marquee asset in Brookfield Properties’ India portfolio and is South Asia’s first True zero-waste Commercial Office Campus, offering over 7.7 million square feet of leasable area with a strong tenant roster of leading multinational companies. The project hosts over 77,000 employees and houses over 2,500 residential units generating approximately 1,00,000 footfalls daily.
Expressing his views on the overall initiative, Mr. Shantanu Chakraborty, Executive Vice President & Regional Head of South India, and Brookfield Properties said, ” At Brookfield Properties, we care for our communities. This revamp will ease the commute on Ecoworld Road resulting in a reduction in travel time. Made using the grid mat technology deploying 100% recyclable plastic waste, also ensures that the road is sustainable. With this infrastructure upgrade, employees working at Ecoworld, residents and employees of nearby business parks will spend less time commuting and will further help in reducing the carbon footprint.”
Adding to it Mr. Sourabh Kumar, Director, PotHoleRaja said, “With PotholeRaja GridMats, the intent is to use plastic waste to make long-lasting and sustainable roads/pavements. Unlike traditional roads, we do not use steel reinforcements. The thickness of our pavements is 5 times lesser than traditional concrete roads, use almost 80% lesser concrete and emit 80% lesser carbon. I am glad that we got an opportunity to work with Brookfield Properties on one of the most demanding road stretches helping decongest the traffic”.
“With the revamping of the under the bridge at the Ecoworld Junction, the traffic build-up has reduced significantly also easing the pressure on traffic management authorities. We are thankful to Brookfield Properties for spearheading this initiative for the community”, said Shri. Thippeswamy, Asst. Commissioner of Police (Traffic), K R Puram
As a socially responsible organization, with initiatives that promote sustainability across its value chain, Brookfield Properties aims to deliver on its sustainability goals and reach its Net Zero commitment by 2050 or sooner.
About Brookfield Properties:
Brookfield Properties is a leading global developer and operator of high-quality real estate assets. The company is active in nearly all real estate sectors, including office, retail, multifamily, hospitality and logistics, operating more than 800 properties and over 390 million square feet of real estate in gateway markets on behalf of Brookfield Asset Management, one of the largest asset managers in the world. With a focus on sustainability, a commitment to excellence and the drive for relentless innovation in the planning, development and management of buildings and their surroundings, Brookfield Properties is reimagining real estate from the ground up.
In India, Brookfield Properties manages 50 million sq. ft. of high-quality assets in some of the key gateway markets, 37 million sq. ft. of this is already operational. It Includes Candor TechSpace in Gurugram, Noida and Kolkata, Powai Business District, Waterstones, and Equinox in Mumbai and recently acquired office campuses in Southern India and CoWrks, the Co-working and Flexi office business across India.
For more information about our approach to operating and developing best-in-class real estate, please visit www.brookfieldproperties.com