Green Buildings – Minimizing the Ecological Impact of Infrastructure Development
We live in a world where the air is polluted, our natural resources are fast depleting and the threat of climate change is no longer just a warning but a stark reality. However, what is encouraging is that there is also an increasing awareness of the situation across the globe, and home buyers and investors in commercial properties are looking for energy efficient and environment-friendly structures. Shift towards “Green Buildings” is the only way ahead, with participation and contribution from all stakeholders towards making a sustainable future.
A Green Building is one which uses less water, optimizes energy efficiency, conserves natural resources, generates less waste and provides healthier space for occupants as compared to conventional buildings. It also complements the building design concerns of economy, utility, durability, and comfort.
Green building involves the practice of using environment friendly and energy efficient processes and technologies throughout the building's lifecycle from siting to design, construction, operation, maintenance, renovation and deconstruction.
Green Buildings are the future of construction, when it comes to sustainable living. But sadly, just about four per cent of buildings in India are "green", the biggest barriers remaining the intent, the cost and lack of technical expertise.
In India, which is experiencing record-breaking levels of urbanization with over 900 million new urban residents expected by 2050, have significant challenges on two fronts—one to swiftly develop necessary infrastructure and other to minimize the ecological impact of infrastructure development.
The global average for green buildings is 14 per cent. But India is definitely catching up with the global average as around 46 percent of the organizations express willingness to pay a premium to lease space in a green building.
Navdeep JP Sardana, Founder, Elite Landbase says “Move towards green building will create jobs, improve public safety and reduce costs. The practice will protect the environment and preserve natural resources for future; hence Green Buildings is the need of the hour.”
The Indian green buildings’ market is expected to double and may reach around 10 billion sq ft by 2022, valued between $35 billion-$50 billion. After US, India ranks second in terms of the number of green technology projects and built-up area.
Move towards Green buildings makes Business sense for developers as it can charge a premium besides extending social and environmental benefits to the tenants.
Navdeep JP Sardana, Founder, Elite Landbase says “Move towards green building will create jobs, improve public safety and reduce costs. The practice will protect the environment and preserve natural resources for future; hence Green Buildings is the need of the hour.”
The Indian green buildings’ market is expected to double and may reach around 10 billion sq ft by 2022, valued between $35 billion-$50 billion. After US, India ranks second in terms of the number of green technology projects and built-up area.
Move towards Green buildings makes Business sense for developers as it can charge a premium besides extending social and environmental benefits to the tenants.
References: Media Reports, Economic Times, Mint, Hindustan Times, Press Releases.
Disclaimer: This
information has been collected through secondary research and Elite Landbase is
not responsible for any errors in the same.
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