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The Indian Green Building Council (IGBC) expects nearly 2 billion square feet of sustained building footprint by 2015.
At present, 1,745 eco-friendly building projects with over 1.21 billion sq ft of green footprint are registered with the IGBC.
“The green concept is becoming very popular among developers as they have realised its benefits including fast return on investments,” IGBC Mumbai Chapter Vice-Chairman Gurmit Singh Arora said.
“Construction cost of a green building may be 3-5 per cent higher than conventional buildings. But the incremental cost gets paid back within two-three years with substantial reduction in operational costs. This makes good business sense,” he said.
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