Zerodha CEO Nithin Kamath suggests linking property prices to air quality in Delhi and Bengaluru, internet is all for it
Nithin Kamath, co-founder of Zerodha, has proposed a bold notion of connecting property prices to air and water quality to help reduce pollution.
"You have to wonder what it will take for us to take air pollution more seriously. By the way, this data only covers until 2019, and things have only gotten worse in the last five years," he wrote in a lengthy post on X, sharing a newspaper article about air pollution-related deaths in India.
According to Kamath, "a property price discount" for air and water quality could be a response to rising pollution levels in the country's cities.
"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 claimed that tying property to air quality would transform a property owner into the owner of the location.
"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 explained.? ?
He further stated that, while Delhi's hazardous air receives the most attention, air quality is poor in the majority of Indian cities, including Mumbai, Chennai, Kolkata, and Bengaluru.?
People on the internet supported the idea
The concept was welcomed with good feedback from social media users, who stated that economic incentives linked to environmental problems might encourage communities to accept responsibility. Here's what internet users said.
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