Real Estate

PEER rating soon for green buildings in India

Swathi Moorthy Chennai | Updated on January 08, 2018 Published on October 27, 2017

The US-based Green Building Council Inc (GBCI) will launch PEER, a system that evaluates power system performance in a building, in India by next year. The council is currently running the pilot here.

Gopalakrishnan P, Managing Director – APAC and West Asia markets, GBCI, told BusinessLine that Performance Excellence in Electricity Renewal (PEER), which assesses the quality and resilience of power and energy inside a building, could add great value to institutions like hospitals, stock exchanges, airports and sea ports, where power performance is critical. “We expect to launch PEER in the first quarter of fiscal 2018-19,” he added.

GBCI offers green building certification to buildings like Leadership in Energy and Environmental Design. The organisation works with private and public agencies in India and currently has 2,500 projects. According to Gopalakrishnan, demand for such certifications is on the rise from both private and public offices. Apart from increasing awareness, the interest is augmented by rising green businesses in the country, which is predicted to grow at the rate of 20-30 per cent annually for the next five years.

Though there are improvements, Gopalakrishnan feels they are limited to metros and tier-I cities. “A real change will happen only when the understanding percolates to small businesses and tier-2 and-3 cities,” he said.

To facilitate that, GBCI is organising first edition of international conference and expo Green Build India in Mumbai on November 2 and 3. “In addition, we are conducting events with the help of industry bodies in tier-2 and -3 towns,” Gopalakrishnan said.

Published on October 27, 2017
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