CALCULATE YOUR SIP RETURNS

Mira Road Society Slashes Electricity Bill from ₹52,000 to ₹18,000, Garners Global Recognition

Written by: Team Angel OneUpdated on: 10 Sept 2025, 6:21 pm IST
Nav Yuwan Society in Mira Road cuts electricity bill from ₹52,000 to ₹18,000 with green retrofits, earning global EDGE Advanced certification.
Mira Road Society Slashes Electricity Bill from ₹52,000 to ₹18,000, Garners Global Recognition
ShareShare on 1Share on 2Share on 3Share on 4Share on 5

A 30-year-old housing society in Mira Road, Maharashtra, has emerged as a sustainability pioneer after cutting its monthly electricity bill from ₹52,000 to ₹18,000 through energy-efficient upgrades. The Nav Yuwan Housing Society not only reduced costs but also earned global acclaim by receiving the prestigious EDGE Advanced green certification.

Nav Yuwan’s Journey to Energy Efficiency and Global Recognition

Home to 280 families, Nav Yuwan Housing Society collaborated with the Aga Khan Agency for Habitat (AKAH) to carry out extensive retrofitting. The society installed 150 motion-sensor lights in corridors and stairwells, 14 high-efficiency floodlights in parking areas, and a 44-kilowatt solar panel system on rooftops. These practical choices led to a 41% reduction in energy use and helped reduce emissions by 232.78 tonnes of CO₂ annually.

Impact on Residents and Household Savings

Residents have seen direct benefits due to the upgrades. Electricity bills have decreased significantly, with some households reporting monthly savings from ₹1,800 to ₹1,000. Energy-efficient fans, LED-powered appliances, and behavioural training on air conditioner use have enhanced these outcomes, while a planned composting unit will soon address waste management.

Read More: Rare Earth Stock: GMDC Share Price Rises Over 4%, Here’s Why!

Cost and Replicability of the Retrofit Model

Each household contributed approximately ₹17,500 towards the revamp. The society’s success challenges the assumption that climate action requires rebuilding. Instead, low-cost retrofits prove that sustainability is achievable even in older structures and offer a blueprint for scaling similar models across other regions.

Municipal Integration and Policy Alignment

The transformation aligns with the Mira Bhayandar Climate Action Plan 2024-2050, which aims to cut emissions by 36% by 2047. With the residential sector accounting for over 60% of the city’s electricity consumption, initiatives like this play a crucial role in environmental planning and sustainable urban development.

Conclusion

Nav Yuwan Housing Society's successful reduction in power bills and emissions proves that meaningful climate action is within reach. Its efficient upgrades, financial viability, and community involvement demonstrate that sustainable transformation is not exclusive to new buildings but can be realised in already existing infrastructures as well.

Disclaimer: This blog has been written exclusively for educational purposes. The securities or companies mentioned are only examples and not recommendations. This does not constitute a personal recommendation or investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in securities are subject to market risks. Read all related documents carefully before investing.

Published on: Sep 10, 2025, 12:51 PM IST

Team Angel One

Team Angel One is a group of experienced financial writers that deliver insightful articles on the stock market, IPO, economy, personal finance, commodities and related categories.

Know More

We're Live on WhatsApp! Join our channel for market insights & updates

Open Free Demat Account!

Join our 3 Cr+ happy customers

+91
Enjoy Zero Brokerage on Equity Delivery
4.4 Cr+DOWNLOADS
Enjoy ₹0 Account Opening Charges

Get the link to download the App

Get it on Google PlayDownload on the App Store
Open Free Demat Account!
Join our 3 Cr+ happy customers