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Green Building Market In India Essay

725 words - 3 pages

10thOctober 2016 – Navi Mumbai, India: Market Report on India present the latest report on “Green Building Market in India”, Growth in green building market in India is also likely to bring about enormous economic growth by creation of a new industrial sector.

India has a great tradition of building environment friendly homes throughout its history. Various renewable and natural items like bamboo, agricultural residues, clay etc. have traditionally been used in vast areas of India, particularly in rural areas. But the concept of modern green building having minimum impact on environment began to grow in late 1990’s. Then the rating system for green buildings started in early 2000’s with ...view middle of the document...

As per the industry estimates, for the new buildings, India’s green building market is projected to be in the range of US$ 30 Billion to US$ 40 Billion. Almost three fourth of the buildings to be constructed in India by 2030 are yet to be built. As the awareness about green buildings is on the rise along with favorable policies, a major portion of these buildings will be green buildings.

The new high-rise residential, communities and mixed-use development are expected to be the top three sectors for green building growth in India in the coming years. Environment friendliness and reduced operating costs are already among the parameters real estate customers consider serious before investing. The promotion of green buildings – the aspect it largely lacked till three-four years ago, is going to have immense impact on the future green building market.

Growth in green building market in India is also likely to bring about enormous economic growth by creation of a new industrial sector. The notion of green building being a completely new in India, there are very few number of existing professionals in the sector. But as the market grows, there will be demand for architects, technicians, energy experts, environmentalists, consultants etc. having adequate knowledge of the sector. Some of the...

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