2 bn sq ft of green building expected by 2015
As the concept of green buildings is gaining ground among developers, the Indian Green Building Council (IGBC) expects nearly 2 billion square feet of sustained building footprint to come up by 2015.
At present, there are 1,745 eco-friendly building projects with over 1.21 billion sq ft of green footprint are registered with the IGBC. IGBC feels that there is a greater need to spread awareness about benefits of green building.
Green building has emerged as a good financial business model for the developers. Whereas, construction cost of a green building may be 3-5 percent higher than the conventional building, the incremental cost gets paid back within two-three years with substantial reduction in operational costs.
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building footprint, Concept of Green Buildings, Construction cost, Developers, eco-friendly building projects, Green Buildings, Indian Green Building Council (IGBC), operational costs, Real Estate Developers, sustained buildings
