Builders to cash in on green housing trend

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 technology 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 has developed as sustainable design — Energy Conservation Building Code (ECBC) — for green buildings.