Page 47 - Construction Vision Sep-Oct 2017 issue
P. 47
“Given that low-cost housing is bound to see Bank of America, moving into India have sqm plot area, or a 2,000 sqm built area,
a huge growth in the next two decades and also confirmed their intentions to rent only must comply with the city's Energy
more than 60 per cent of India's sustainably-built office space. Conservation Building Code.
infrastructure yet to be built,
residential and commercial property
Dodge Data and Analytics, global
developers are now increasingly
construction industry research
being prevailed upon to evolve and
specialists, predicts the number of
incorporate green features,” a report
green buildings worldwide is set to
from commercial property research
double every three years. India will be
company JLL said recently.
at the very heart of this activity.
India has a housing deficit spiralling
Building and construction accounts for
into the millions. But, in June 2017, it
one third of global emissions – and
was announced by the Ministry of
India is certainly no stranger to
Power, Coal and Renewable Energy
pollution. As many as 1.2 million
that homeowners could soon enjoy
Indians lose their lives a year due to
financial rewards for buying
the negative effects of poor air quality.
environmentally sound homes.
Incentives could also benefit those
who refit their homes with eco- Green building certification presents a
friendly materials too. cost effective way of reducing carbon
Demand for greener office space is footprints, while also providing a range
also rising amongst India's business of economical, societal, and
community. A large number of Indian environmental, benefits for Indian
IT/ITES companies, for example, have developers – and an ongoing market
committed to “green mandates”, when it In Hyderabad, for instance, the Greater entry point for manufacturers of building and
comes to leasing commercial space. Hyderabad Municipal Corporation, now interiors materials and products.
Multinationals, such as Citibank and the insists all commercial buildings of a 1,000
SEPTEMBER - OCTOBER CONSTRUCTION VISION 45
