Business Daily from THE HINDU group of publications
Sunday, Apr 13, 2008
ePaper | Mobile/PDA Version
Business Daily from THE HINDU group of publications Sunday, Apr 13, 2008 ePaper | Mobile/PDA Version |
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Investment World
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Real Estate & Construction Industry & Economy - Environment Green homes Higher power efficiency standards, water conservation, superior air quality and natural lighting. These are what green buildings offer. With developers of commercial buildings adopting green building standards after realising the cost benefit, residential buildings are set to go green next. According to Mr S. Raghupathy, Senior Director & Head-GBC, the CII Green Building Council is in the process of developing green building standards for the residential segment. The CIIGBC has developed the rating system for green buildings in India along the lines of the US Leadership in Energy and Environmental Design (LEED) programme, which is recognised worldwide. As a broad category, residential buildings can be divided into high-rise and single floor or duplex style. While the existing standards can be applied to multi-storeyed buildings, for the other category standards need to be evolved, says Mr Raghupathy. Indian GBC hopes to have a home rating system by June. It plans to launch a pilot study with 20 projects after which it would be formally launched by June 2009. The green building market has seen a phenomenal growth in recent years. From about 40-45 million sq.ft of green buildings in 2007, there are now over 191 registered buildings with 110 million sq.ft, putting India among the largest players in the green building space. In 2003, when the concept was introduced, there was just one building - GBC's own in Hyderabad -- OUR BUREAU
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