Go green to increase return on your realty investment
Green buildings are not only helpful in reducing the cost of your maintenance but will also make sure that you enjoy a better lifestyle in the long run. When Nair Manoj Kumar shifted to his new apartment at Ghatkopar in Mumbai, he didn’t know what a green building really was. He didn’t even have to make any significant changes in his lifestyle and his electricity bills were much lower than expected.
According to experts, green builds tend to cost more than the rest. 90% of the total cost is actually spent on operating and maintenance according to Anuj Puri, Chairman and County Head of the ILL. He also mentioned that if the basic green features are implemented in the right way, it will not bring any changes while purchasing the property.
Even though the houses tend to be expensive, one can reap benefits such as lower water consumption rates easily. Power consumption is also reduced to a 60%. Apart from saving energy and water, a builder has to ensure that there are recycling plants, minimum use of natural resources and less disturbance during construction in order to get a green project rating. The landscapes also need to be kept well and public transport shouldn’t be difficult.
Even though it might not be the exact thing to do if one wants to make quick money since other projects nearby sell properties with a 10-15% discount, sales of green buildings are still rapidly increasing because of the benefits.
(Source: The Economic Times, Kolkata}
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