The Great Indian Need – “Green Buildings”
With a little over 750 LEED*(Leadership in Energy and Environmental Design) certified projects, India is third in the table. About 20 million square meters of area in India is covered by green buildings. - A US Green Building Survey, January 2018 mention.
Majority of residential or commercial buildings in India are constructed with a very little emphasis on the fact that your office or residential space could actually be affecting the environment.
This Happens because of the unawareness of the benefits of the architectural designs of green architecture. Sustainable architecture takes backseat owing to substandard construction materials and techniques. Not many know that buildings in India account for 40% of total energy consumption. Due to rapid urbanization in the country, the energy consumption is more than 60% in residential real estate projects.
Here in lies the answer to India's need for sustainable real estate sector, ‘Green Buildings'. A green building in its design, construction, and operational phase has:
- Minimal effects on the environment
- Sustainable in the long run
- Lower operational costs
- Reduces environmental impact
- Built with eco-friendly materials
- Efficient water management
- Effective waste management
- Resource efficiency
- Better land use
- Improves occupant health and comfort
India has grown and transformed itself into one of the largest economies in the world. Foreign investors are investing heavily in sectors such real estate and renewable energy sectors. With Government launching many Housing and Infrastructure Development initiatives at Central as well as state level e.g. Smart Cities Mission (SCM), Pradhan Mantri Awas Yojana (PMAY), and Atal Mission for Rejuvenation and Urban Transformation (AMRUT) etc., the need and demand for green buildings has grown multifold. The aim of such initiatives is to make cities and human life safe, inclusive and sustainable over a long period.
Green buildings promote sustainability without disturbing natural habitats. Your green home can cut down energy consumption, save money and play a major impact on betterment of environment. India needs to stimulate a large-scale need of green and energy efficient buildings to promote better site planning, conservation and efficient use of resources available. Real estate sector especially the affordable housing segment plays a significant role in accelerating path to sustainable growth. The benefits of green buildings should penetrate deep into enhancing quality of life and cease problem of depleting natural resources.
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