GREEN INCENTIVES OFFERED BY AUTHORITIES
Draft development plan (DP) approved by Pune Municipal Corporation proposes “two additional FSI or a 50% discount in the paid FSI to those properties which have solar and wind energy equipment installed.”
The property owner should use equipment approved by the Bureau of Energy Efficiency (BEE).
The civic body adopted the eco-housing policy in 2008 to promote the environmental, eco- nomic, health and safety benefits of green buildings.
The policy plans to educate developers, architects as well as buyers to change the city’s scenario and create awareness about environment-friendly homes. The civic body gives discounts in property tax to those implementing these eco-friendly norms in their properties
Greater Hyderabad Municipal Corporation (GHMC) has a provi- sion for a 10% concession on property tax if the said property uses solar water heating equipment and an additional concession of 10% if it provides for water harvesting infrastructure
The Noida authority allows 5% more built-up space for gold-rated buildings as compared to normal floor area ratio (FAR) or floor space index (FSI) allowed for conventional buildings