Nithin Kamath Suggests Home Prices Should Be Linked To Air, Water Quality To Combat Pollution

The entrepreneur said that real estate prices should be discounted taking into account these factors as this would help encourage homeowners to improve their surroundings

The post ignited widespread discussion about the condition of pollution in cities.

Source : Zerodha

Zerodha CEO Nithin Kamath suggested that property prices should be related to the water and air quality as this could help combat surging air pollution. The entrepreneur said that real estate prices should be discounted taking into account these factors as this would help encourage homeowners to improve their surroundings.

The businessman took to social media platform X, formerly known as Twitter, and said that air pollution needs to be taken more seriously. He pointed out that the AQI is poor in most urban areas in the country. These also include Mumbai, Bengaluru, Kolkata, and Chennai, among others. 

 

As a solution to the issue, Kamath suggested, "Maybe a property price discount for the quality of air and water is the solution. If economics accounted for this, maybe we would all figure this out. Essentially the air and water quality determines the rate for the property."

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.

Maybe a property price discount for the quality of air and water is the solution. If… pic.twitter.com/QtyzkqoG43

— Nithin Kamath (@Nithin0dha) November 24, 2024

"Also, this would probably turn a property owner into the owner of the place, and better odds of fixing it if working as a group. 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 added.

The post ignited widespread discussion about the condition of pollution in cities. One of the users noted, “Economic incentives tied to environmental factors could push communities to take responsibility, leading to a healthier, more sustainable future. Time to rethink how we value our environment.”

Another individual commented, "True, 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."