Thursday, November 8, 2012

India: Green building footprint to touch 2 billion sq ft by 2015

The concept of green buildings is gaining ground among developers of India and the Indian Green Building Council (IGBC) believes that green building footprint to touch 2 billion sq ft by 2015. According to IGBC, 1,745 eco-friendly building projects with over 1.21 billion sq ft of green footprint are registered with the council.

"Green buildings consume 40-50 percent less energy and 20-30 percent less water. Besides, the intangible benefits of green buildings include better indoor air quality, enhanced ventilation, better view and ample sunlight that significantly improve the productivity of the occupants," says Gurmit Singh Arora, vice chairman of IGBC Mumbai chapter.

Though the building cost of a green building may be marginally (3 to 5%) higher than the conventional building, but the incremental cost gets paid back within two-three years with substantial reduction in operational costs. Developers have realized the importance of the green concept as it also offers them a good financial business model.

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