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Real estate consultancy services company Jones Lang LaSalle has stated that the rising cost of natural resources and the growing concern for the environment is strengthening the need for developing green buildings.
Yet, the concern over additional capital cost and uncertainty over returns are daunting investment sentiments in green buildings.
In its monthly report Pulse, JLL said while green buildings turn out to be profitable due to savings in energy and other operational costs while providing options for trading and earning credits, the challenge is to translate these intangible benefits to cash flow that would help assess the value of buildings or projects viably.
The uncertainties over valuation of green buildings due to lack of data is a matter of concern. These could change as the number of green buildings goes up creating awareness and benchmarks.
In its latest report, the consultancy has outlined some key trends in the real estate market across major metros and cities which reflect different patterns.
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