Green buildings will be next step in Indian real estate business
The rising concern about the environment in response to global warming is driving thinkers to seek some sustainable solutions and are forcing people to reconsider and amend their ways of living to become more Eco-friendly.
Stepping in to the market condition, builders in India are opting the green building concept broadly to reduce the environmental impacts through a holistic approach to land and building uses and construction strategies.
Unlike a conventional structure, green buildings incorporate several sustainable features such as efficient use of water, energy efficiency, eco-friendly environment, use of renewable energy, use of recycled and recyclable materials, effective use of landscape, effective control and building management systems, and improved indoor quality for health and comfort.
Green buildings create value for occupants, increase property values and may be eligible for incentive programs.
Green buildings offer easier maintenance and lower operating costs, which translate to a higher market valuation.
As on date the Indian Green Building Council (IGBC) has registered more than 687 projects in India constructed under IGBC’s green building guidelines.
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Source: Livemint
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