Green building projects in India are growing at the rate of 20-30 per cent on a year-on-year basis, according to US Green Building Council (USGBC).
Green building projects in India are growing at the rate of 20-30 per cent on a year-on-year basis, according to US Green Building Council (USGBC). "This trend provides a huge opportunity for all stakeholders, including us. Close to 500 new projects are registered in our certification process," USGBC's Regional Director (Asia Pacific and Middle East) Gopalakrishnan Padmanabhan says. The council provides Leadership in Energy and Environmental Design (LEED), a green building rating agency and its services to 165 countries across the world.
According to him, more than 1.17 billion square feet of real estate is registered under the LEED certification with approximately 2,500 projects in India. He said India secured third position (outside the US) in 2017 in council's annual ranking of the top 10 countries for the rating. China leads the rankings, followed by Canada. Globally, there are 90,000 certified commercial projects representing more than 19.1 billion square feet under the rating space.
Green building (also known as green construction or sustainable building) refers to both a structure and the application of processes that are environmentally responsible and resource-efficient throughout a building's life-cycle: from planning to design, construction, operation, maintenance, renovation, and demolition (www.epa.gov). The Green Building movement in India was triggered off when CII-Sohrabji Godrej Green Business Centre building in Hyderabad was awarded with the first and the prestigious Platinum rated green building rating in India.
Since then, Green Building movement in India has gained tremendous impetus over the years. With a modest beginning of 20,000 sq.ft. green built-up area in the country in the year 2003, today (as on 26 September 2017) more than 4,289 Green Buildings projects coming up with a footprint of over 4.68 Billion sq.ft are registered with the Indian Green Building Council (IGBC), out of which 1182 Green Building projects are certified and fully functional in India.
This growth has been possible with the participation of all stakeholders in the green building movement. Today all types of buildings are going the Green way- Government, IT Parks, Offices, Residential, Banks, Airports, Convention Centre, Institutions, Hospitals, Hotels, Factories, SEZs, Townships, Schools, Metros etc (https://igbc.in).