Reall, innovators and investors in climate-smart affordable housing, are delighted to announce a new partnership with pioneering social business, BillionBricks.
The partnership will see the launch of the first homes in India that are carbon-negative and affordable for the bottom 40% of income earners – a scalable solution that has the power to unlock unimaginable potential in communities across Asia.
BillionBricks is a for-profit, social innovator that is addressing the climate and affordable housing crisis through a single solution – an income generating, carbon-negative home.
Watch Emma Ahmed, Head of Operations Asia at Reall, announce this game-changing collaboration:
Emma Ahmed, Head of Operations Asia at Reall, says: “This is great news. BillionBricks are breaking ground in the affordable housing sector, with a revolutionary, self-financing, solar homes model. They have successfully delivered the world’s first net positive home, that generates revenue and is affordable for low-income markets. Their approach is truly innovative in the affordable housing space and proves homes that are both affordable and climate-smart can also be a financially viable business proposition.”
Prasoon Kumar, BillionBricks CEO, said: “If we really want to make a big impact on the world, we have to think of ourselves as at scale, and not at the individual level.”
Revolutionary housing design
The unique business proposition combines affordable housing with solar energy revenues, to achieve financial and environmental viability.
Solar power harnessing forms a utility-scale solar rooftop farm, generating renewable energy for the grid and revenue through local and national energy sales. Proof of concept is supported by an established partnership with French energy supplier, ENGIE
Affordability is locked in with surplus solar energy sales generating between 20 – 60% cashback on mortgages
Modular design ensures homes can be quickly shipped and assembled, reducing costs and time by 20% compared to conventionally built housing. Prefabricated construction provides resilience to harsh weather and earthquake conditions, with a life span of 60 years
Scalable technology that can operate in any context, for future application worldwide. BillionBricks already have a successful track record of project delivery in India, Philippines and Malaysia
Reall’s partner network provides the opportunity to share solutions like Billion Bricks housing across the sector, driving wider market change, and unlocking climate-smart infrastructure assets at scale.
Working with pioneering partners like BillionBricks, Reall’s climate-smart, affordable homes strategy is a low-carbon, high-resilience solution to the climate crisis, the housing gap, and economic prosperity.
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