Madhya Pradesh fails to attract builders for green building projects despite government incentives.
Bangalore's residential market is witnessing a surge in green buildings, with growing buyer demand reflecting a significant trend towards sustainability.
India's real estate sector must focus on energy-efficient constructions to alleviate power shortages, potentially saving billions by 2020, as reported by NRDC and exemplified by Andhra Pradesh's building efficiency code.
India's real estate industry shifts towards green building concept, with 30 million sqft of environment-friendly space, up from 20,000 sqft in 2003.
India embraces green building practices, with the Indian Council of Green Building (ICGB) championing sustainable architecture and awarding LEED certifications.
The city's developers are encouraged to adopt green standards as WBGEDC plans to launch a green rating project to promote energy-efficient commercial buildings.
SunTechnics India, in collaboration with WBREDA, has successfully developed India's first green housing project with solar power integration in New Town, Kolkata.
Indian developers are increasingly focusing on green buildings due to growing environmental awareness among multinational tenants. While involving higher initial costs, these buildings offer long-term savings and attract eco-conscious companies.
K Raheja Corp partners with the Clinton Climate Initiative to retrofit buildings across India, starting with sites in Mumbai and Hyderabad, and aims to reduce energy and water use.
Government policies are pushing for green buildings in Asian real estate markets. Driven by regulations, incentives, and market changes, green building growth is influenced by corporate social responsibility and tenant preferences.
WBGEDCL partners with Siddha Group to integrate energy-saving tech in Xanadu, a studio apartment project in Rajarhat. Key features include solar thermal lighting and rainwater harvesting.
India is set to introduce its first green hotel, The Park Hotel in Hyderabad, focusing on sustainable tourism and energy efficiency, with a significant investment planned.