Real estate in India will promote Green Building concept
Indian GDP is driving by the Indian real estate sector. It is also playing a major role in terms of employment generator.
As the population is growing, the needs for individual apartments are increasing in India. But simultaneously, the increasing population is becoming a threat to the natural resources.
To preserve the natural resources and to reuse them, the builders are now moving towards the construction of green buildings.
Different state government is also promoting the construction of green buildings by giving discount in terms of property taxes. The government is also assisting the builders to install the waste management system, rain water harvesting system in the apartments in India.
According to the IGBC (Indian Green Building Council) website, there are currently 223 registered green buildings in the country.
The biggest advantage of a green building is that it reduces the operational cost of the apartment in terms of consumption of energy, water and other resources.
To read more real estate stories:
Green buildings should be promoted for rapid urbanisation
Source: Economic Times
Apartments in India, green building, Indian real estate, projects in India, Properties in India
