More green build­ings in In­dia by 2018 HIGH PO­TEN­TIAL

HT Estates - - HTESTATES - HT Es­tates Cor­re­spon­dent

Driven largely by en­vi­ron­men­tal reg­u­la­tions and de­mand for health­ier neigh­bour­hoods, the green build­ing in­dus­try in In­dia is likely to grow at a rate of 20% by 2018. New high-rise res­i­den­tial build­ings and mixed-use de­vel­op­ment are ex­pected to lead the green build­ing growth in In­dia, says a re­port by Dodge Data & An­a­lyt­ics World Green Build­ing Trends 2016 Smar t Mar­ket Re­port of which the US. Green Build­ing Coun­cil (USGBC) is a con­tribut­ing part­ner.

The re­port, con­ducted in 70 coun­tries, also says that global ly green build­ings con­tinue to dou­ble ev­ery three years.

“In­ter­na­tional de­mand for green build­ings, largely due to LEED green build­ing pro­gramme’s global pop­u­lar­ity, has grown steadily over the years,” says Rick Fedrizzi, CEO and found­ing chair, USGBC. “As coun­tries like In­dia con­tinue to ur­banise at a breath­tak­ing pace, they need the nec­es­sary tools that sup­port sta­ble and sus­tain­able eco­nomic growth. In­ter­na­tional business lead­ers and pol­icy mak­ers recog­nise that a com­mit­ment to trans­form­ing the built en­vi­ron­ment is cru­cial to ad­dress­ing ma­jor en­vi­ron­men­tal chal­lenges.”

In­creas­ing con­sumer de­mand has pushed the world’s green build­ing mar­ket to a tril­lion dol­lar in­dus­try. This has led to a cor­re­spond­ing in­crease in the scope and size of the green build­ing ma­te­ri­als mar­ket, which is ex­pected to reach $234 bil­lion by 2019.

“The growth of LEED re­flects its global adapt­abil­ity as the world’s most widely used and

New high-rise res­i­den­tial, build­ings and mixed-use de­vel­op­ment are ex­pected to lead the green build­ing growth in In­dia

In­creas­ing con­sumer de­mand has pushed the world’s green build­ing mar­ket to a tril­lion dol­lar in­dus­try

This has led to a cor­re­spond­ing in­crease in the scope and size of the green build­ing ma­te­ri­als mar­ket, which is ex­pected to reach $234 bil­lion by 2019

Green build­ings are known to of­fer sig­nif­i­cant op­er­a­tional cost sav­ings

recog­nised sys­tem guid­ing the de­sign, con­struc­tion, op­erat i ons and main­te­nance of green build­ings,” says Ma­hesh Ra­manu­jam, COO, USGBC. “LEED is a crit­i­cal tool in cre­at­ing struc­tures that mit­i­gate green­house gas emis­sions; cre­ate health­ier in­door en­vi­ron­ments for work­ers, stu­dents and com­mu­nity mem­bers; and lower util­ity bills for build­ing own­ers through re­duced en­ergy and wa­ter use – all ben­e­fits that are in­cred­i­bly im­por­tant to In­dia.”

Glob­ally, eco­nomic forces were cited in the SmartMar­ket Re­port as the most im­por­tant driv­ers for many of the coun­tries sur­veyed. The re­port found that green build­ings of­fer sig­nif­i­cant op­er­a­tional cost sav­ings com­pared to con­ven­tional build­ings. Re­spon­dents ex­pect a 14% sav­ings in op­er­a­tional costs over five-year sav­ings for new green build­ings and 13% sav­ings in op­er­a­tional costs over five years for green retro­fit and ren­o­va­tion projects.

I STOCK I STOCK

HNWIs pre­fer to in­vest in prop­er­ties in Lon­don be­cause of the city’s rep­u­ta­tion as a safe and sta­ble place for in­vest­ment.

Wealthy In­dian fam­i­lies are one of the largest over­seas prop­erty buy­ers in prime cen­tral Lon­don ar­eas such as May­fair.

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