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  Business   In Other News  09 Oct 2018  Builders to cash in on green housing trend

Builders to cash in on green housing trend

THE ASIAN AGE.
Published : Oct 9, 2018, 12:10 am IST
Updated : Oct 11, 2018, 10:35 am IST

GBCI had developed sustainable design framework - Leadership in Energy and Environmental Design (LEED) - for green buildings.

(Representational image)
 (Representational image)

Hyderabad: Hit by RERA and note ban, real estate developers are focusing on sustainable and green buildings as a way to lower emissions and to tap into the growing market of environment conscious customers.

According to data, the green building market in India is estimated to double by 2022 at 10 billion sq ft, valuing around $35-50 billion — second only to the US. As of September 2017, around 4,300 projects with about 4.7 billion sq ft of built-up area had registered for green tec-hnology in the country.

 

"The green building industry is growing two fold every three years. While urbanisation has driven a tremendous amount of economic development, it has also created serious challenges including energy shortages, water scarcity, waste accumulation and air quality crisis. These issues can be addressed by building better buildings,” said Gopala Krishnan Padmanabhan, MD (APAC & Middle East), Green Business Certificate Institute (GBCI)

GBCI had developed sustainable design framework - Leadership in Energy and Environmental Design (LEED) - for green buildings.

Tags: rera, real estate developers, green buildings