The green building concept is getting popular in India with an increase in number of initiatives taken by infrastructure and development organizations these days.
Green buildings offer significant operational cost savings compared with conventional buildings. This method is adopted by not only new construction sites but also existing establishments. However, comparatively it is easier for under construction sites to incorporate these initiatives.
Green Buildings can make a huge impact in the infrastructure industry in India. Buildings adopting sustainable construction and operating strategy would save a lot of operational cost. A green building is one which uses less water, optimizes energy efficiency, conserves natural resources, generates less waste and provides healthier spaces for occupants, as compared to a conventional building.
Developers can curtail the adverse impacts on the environment by doing a climate responsive design that makes least impact on the site. Also, they should avoid excavation work during monsoon so that soil erosion can be minimized. There are many practices which should be followed on site during construction so as to contribute in the sustainable development of the nation.
In the coming decade, new discoveries, coupled with green technology, could help India’s growth story by catapulting it into one of the major sustainable economies of the world. The strategy to achieve a sustainable ecosystem would be to focus mainly on green technology for energy generation and energy efficiency. However, India is taking up the concept of Green Buildings at a good speed along with environmental awareness and energy conversation. In addition to the growth of sustainable green practices in the real estate sector, it is through judicious implementation of design that sustainability will be best leveraged in India.
The concept of green buildings is still evolving in India and costs are marginally higher than the conventional buildings. According to Indian Green Building Council, there are 2,362 Registered Buildings in which 447 are rated Green Buildings. Since customers today have also started recognizing and prefer green buildings, the costs of a green building could taper out once it becomes an industry norm.
Growth in green building market in India is also likely to bring about enormous economic growth by creation of a new industrial sector. The notion of green building being a completely new in India, there are very few number of existing professionals in the sector. But as the market grows, there will be demand for architects, technicians, energy experts, environmentalists, consultants etc. having adequate knowledge of the sector. In next one decade or even less, the trend will enhance remarkably. As the worth of green buildings is being perceived by more sections of the society with the passage of time, the ultimate objective of sustainability i.e. economic development maintaining the environment looks easy to achieve.
Green buildings are being considered as the modern day architectural marvels because of their potential to protect environment and transforming real estate market substantially. The new high-rise residential, communities and mixed-use development are expected to be the top three sectors for green building growth in India in the coming years. Environment friendliness and reduced operating costs are already among the parameters real estate customers consider serious before investing. The promotion of green buildings – the aspect it largely lacked till three-four years ago, is going to have immense impact on the future green building market.
The real estate industry has an especially important responsibility to play a proactive role in climate change mitigation. Over the next few years we will need to encourage the emergence of several new technologies that promote a greener real estate industry. This will be a crucial step towards achieving a greener ecosystem and a sustainable future. In this was we would be able to preserve the nature and parallel contribute in the development of the country.
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