In your research as a prospective home buyer, you will likely come across the term "green home". However, while it is a widely discussed concept, many of us do not understand the certifications that green homes require or what they mean. So let's take a look.
Before we look at the various green building certifications accepted as standards in India, let us understand why real estate developers may opt for or apply for these. A rise in consumer consciousness and growing awareness about the conservation of natural resources has greatly boosted the demand for green housing. According to a recent report, the demand for sustainable and green housing in India was pegged between USD 35 and 50 billion. Real estate developers, particularly in major metro cities like Delhi and Mumbai, are keen to adopt sustainable construction practices which come with government subsidies and leverage this growing demand for an eco-friendly lifestyle.
Green building certification refers to the rating provided by leading bodies that study the building or the real estate project and its performance from an ecological standpoint. The building is evaluated on a number of parameters including the site selection, design, energy efficiency, construction process, materials used, carbon footprint, water and waste management systems, and innovation. Different green building certification agencies or bodies use different parameters to offer these ratings. Let us look at India's two widely recognised green building certifications.
The Indian Green Building Council (IGBC) was established in 2001 by the Confederation of Indian Industry (CII). The IGBC offers certifications in 27 different categories, but the ones your residential project may hold could be one of the following -
The certification offered is based on an extensive matrix of parameters licensed from the Leadership in Energy and Environmental Design certification developed by the United States Green Building Council. The buildings are reviewed on several parameters, including sustainable architecture, site selection, water and energy conservation, ergonomic material etc. The buildings are then rated – Certified, Silver, Gold, Platinum, and Super Platinum.
The GRIHA (Green Rating for Integrated Habitat Assessment) Certification is India's indigenously developed green housing certification system. It evaluates the building's performance and environmental impact over its lifecycle, that is, in the pre-construction stage, building planning and construction stage, and building operation and maintenance stage. The accreditation system aims to quantify aspects of real estate planning, development, and maintenance, such as the use of renewable energy, water and waste management, carbon emissions etc. There are a total of 34 criteria covered by the GRIHA V 3 rating system, and buildings are provided between 1 to 5 stars depending on their performance. After having been adopted by the government of India, this rating system, developed by TERI, is not becoming increasingly popular in the country.
Green buildings are the future. They offer sustainable processes and alternatives that are compatible with environmental conservation. As a homeowner, some of the top benefits of owning a certified green home include the following -
Your home-buying experience is likely a very emotional one. This apartment or flat will be the home you build for your family. Opting for a green housing project is a wise choice and can help save on utility and medical bills in the long run. If the apartment you are considering investing in is under construction, you may want to check if the developer has a provisional green building certification and find out how the certification agency will likely rate the project.
Mumbai is one of the best places to live. Almost every person dreams of owning a lavish apartment in Mumbai. In this blog, we will delve into some of the most affordable places to live in Mumbai.
Mira Bhayander is a municipal corporation in Maharashtra’s Thane District and has a border with North Mumbai too. Those who have properties under the jurisdiction of the MBMC (Mira Road-Bhayander Municipal Corporation) have to pay their Mira Bhayander property taxes on residential and commercial units, including homes, business establishments and more.
The vibrant city of Mumbai, which serves as India's financial hub, has always been a prime attraction for companies looking to establish themselves at the epicentre of the nation's economic hub. As the city continues its transformation, the commercial real estate scenario in Mumbai is experiencing substantial shifts.