Green is the way Indian real estate sector is headed

Corporate India is going “green” with its new campuses and buildings across the country. And this is primarily because it wants to cut down on power and water consumption, to reduce its operational and overhead costs.

According to green building certification agency, Indian Green Building Council (IGBC), out of the 25 billion sq.ft. of built up area in India green spaces have crossed the 2 billion sq.ft mark. Now the green brigade is looking to reach 10 billion sq.ft by 2022

But what makes a green building Green? “A building that strives to optimize demand for electricity, water and other natural resources (in construction, operation and demolition); generates all its electricity on site through renewable energy; caters to its water demands through sustainable processes such as rainwater harvesting; and recycles all its waste on site would qualify as a building meeting highest standards of greenness,” Priyanka Kochhar, Senior Programme Associate at The Energy Research Institute (TERI) said.

Source: The Indian Express (22^nd June, 2014)