Green building set to rise in India
The use of environmentally friendly systems and processes in buildings is rising sharply in India according to the organisers of Cityscape India.
The development of green buildings is expected to rise sharply over the next year according to the organisers of Cityscape India 2007.
Sustainable development is now a key focus of the construction industry in the country, with the industry hitting a boom phase. The Indian real estate sector is growing at an estimated 30% and is expected to be worth US $50 billion by 2010 report the organisers of the international property investment and development conference.
"The idea of green buildings is catching the imagination of the construction and real estate industry worldwide...India is part of a global trend with an increasing number of buildings going green" commented Rohan Marwaha, Cityscape group director. "In 2003 only 20,000ft2 (1858m2) of new buildings in India could be described as green. It is estimated that figure will rise to 10 million ft2 (929,000m2) by the end of next year," he added.
Several buildings have been rated under the Leadership in Energy and Environmental Design (LEED) ratings system operated by the India Green Building Council (LEED-India). This is based on the system developed by the US Green Building Council but adapted to suit local conditions. Among the buildings to gain LEED-India certification are the CII-Sohrabji Godrej Green Business Centre in Hyderabad, which was the first to achieve Platinum rating.
"Increasingly, developers are incorporating energy efficiency and environmentally friendly systems and processes into their buildings... Apart from adding to the green corporate image of developers, there can also be massive savings of 40-50% in energy costs and similat reductions in water consumption," added Marwaha.