Page 23 - CV April-May 2019 issue

buildings is higher by 10-15%, in the long run natural resources, Green Construction can
GREEN low operational costs make them a viable be the biggest change-maker.
CONSTRUCTION option. And of course, the fact is we are a
nation with limited resources and an ever- This is perhaps why there is an increasing
THE NEXT BIG increasing population! We can not solely rely governmental push for creating Green
buildings, with incentives and subsidies for
THING IN on the Government to provide non-
renewable resources forever. sustainable buildings. Moreover, the general
INDIA'S REAL public is also becoming more concerned
Green Construction The Next Big Thing in about the future of the planet and is looking
ESTATE India's Real Estate for Greener alternatives in all aspects of their
lives. In fact, a lot of buyers are highly
The faster we adopt Green, the higher our
concerned and specifically check for the
chances of living a better life. And
Green buildings can reduce energy considering the impact of the real estate 'green' certificate before making an
consumption by 20-30%, water usage by 30- sector on the environment, green buildings investment. With this in mind, developers are
50% and reduce waste generation are the best way to go green.With a billion- exploring new ways to build and sell green
significantly by extensive recycling. However, plus population, India is the world's 4th developments and still stay profitable.
a report by Anarock says that only about 5% largest country in terms of carbon emissions.
of the buildings constructed in India (in 2017) Rapid urbanisation has led to a harsh impact
were registered for green technology. on the environment.

This is highly concerning, considering a
To remain energy-positive and reduce our
WHO survey has pointed out that 13 of the
carbon footprint, we need to focus on
20 most polluted cities in G-20 are in India. A
propagating energy efficient methods, use of
green building transcribes into a healthier
renewable energy resources, preserving the
environment and better ecological balance.
bounties of nature . In real estate sector,
since developing a project consumes a lot of
Though the initial cost of developing these
21 / CONSTRUCTION VISION / May June 2019