Climate risk and stranded asset vulnerability in India’s urban real estate market
インドの都市不動産市場における気候リスクと座礁資産の脆弱性 (AI 翻訳)
Janardhana Anjanappa, Vishal Singh
🤖 gxceed AI 要約
日本語
本研究はインドの都市不動産市場における気候リスクの認識、開示、資金調達を定性分析。投資家の認識不足や開示ツールの欠如、リスクに基づかない融資モデルが脆弱性を強め、チェンナイやグルグラムでの資産価値低下の兆候を指摘。シンガポール等との比較からインドの制度ギャップを明らかにし、改革の道筋を示す。
English
This qualitative synthesis examines climate risk perception, disclosure, and financing in India's urban real estate. It identifies a cycle of vulnerability due to limited investor awareness, absent disclosure tools, and non-differentiated lending, with emerging asset devaluation in climate-exposed zones like Chennai and Gurugram. Benchmarking against global practices reveals governance gaps. The study proposes an integrated policy pathway.
Unofficial AI-generated summary based on the public title and abstract. Not an official translation.
📝 gxceed 編集解説 — Why this matters
日本のGX文脈において
インドの事例は、日本の不動産セクターにおける気候リスク開示（SSBJ等）の重要性を再認識させる。ただし、制度環境の違いが大きいため、直接的な示唆は限定的。
In the global GX context
This paper contributes to the global literature on climate risk in emerging-market real estate, highlighting the need for mandatory disclosure and risk-based pricing—relevant for TCFD, ISSB, and transition finance discussions.
👥 読者別の含意
🔬研究者:Provides a framework for analyzing climate risk integration in real estate markets, applicable to other emerging economies.
🏢実務担当者:Highlights the business case for developing climate risk disclosure tools and integrating climate into lending and investment decisions.
🏛政策担当者:Offers evidence for mandatory climate risk disclosure and spatial planning reforms to mitigate stranded asset risks.
📄 Abstract（原文）
This study examines the perception, disclosure, and financing of climate risks within India’s urban real estate sector through a qualitative synthesis of secondary sources. Despite escalating physical and transition risks, climate considerations remain poorly integrated into investment decisions, regulatory approvals, and lending practices. The research employs thematic and framework-based analysis of academic literature, policy documents, regulatory reports, and documented case studies from climate-vulnerable Indian cities. The synthesis identifies a self-reinforcing pattern of climate vulnerability driven by interconnected factors: limited investor awareness of location-specific risks, an absence of buyer-facing disclosure tools that perpetuates information asymmetry, and lending models that do not differentiate based on climate exposure. This pattern suggests systematic capital allocation toward vulnerable assets, with emerging evidence of asset devaluation in climate-exposed zones such as Chennai’s flood-prone wetlands and Gurugram’s water-stressed peripheries. The analysis also reveals the near-total exclusion of the informal housing sector from climate resilience frameworks. When benchmarked against global practices in Singapore, the Netherlands, and Florida, India exhibits significant governance gaps including the absence of mandatory climate risk disclosure, climate-informed spatial planning, and risk-based financial pricing. The study concludes by outlining an integrated policy pathway encompassing governance reforms, financial system alignment, market transparency mechanisms, and inclusive capacity-building to disrupt the identified cycle and foster climate-resilient urban development.
🔗 Provenance — このレコードを発見したソース
- semanticscholar https://link.springer.com/content/pdf/10.1007/s44327-026-00310-3.pdffirst seen 2026-07-13 07:25:39
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