Page 51 - CV April-May 2019 issue

'INDIAN GREEN BUILDING MARKET

TO DOUBLE BY 2022'

ndia's green building market is estimated to double by More than 4,300 projects with about 4.7 billion sq ft of
2022 at 10 billion sq ft, valuing around USD 35-50 built-up area had registered for green technology as of
Ibillion, driven by increasing awareness level, September 2017, ANAROCK said in its report 'Go Green -
environmental benefits and government support, according The Mantra for Sustainable Living'.
to property consultant ANAROCK.
Puri said this is only about 5 per cent of the total buildings
“Though at a nascent stage, India has emerged as one of in India, and hence there is huge potential for further
the leading countries in terms of green buildings' projects. penetration of green building technology. “Growing at an
India ranks only second after the US in terms of the exponential rate, the Indian green buildings' market is
number of green technology projects and built-up area,” expected to double and may reach around 10 billion sq ft
said Anuj Puri, Chairman, ANAROCK Property by 2022, valued between USD 35 billion-USD 50 billion,”
Consultants. he added.

49 / CONSTRUCTION VISION / May June 2019