The IGBC (Indian
Green Building Council) expects nearly 200 crore square feet of sustained
building footprint by 2015.
At present about
1,745 eco-friendly building projects with over 121 crore square feet of green
footprint are registered with the IGBC.
Mr. Gurmit Singh
Arora, Vice-Chairman, IGBC Mumbai Chapter said,
“The green concept is becoming very popular among developers as they
have realised its benefits including fast return on investments. Construction
cost of a green building may be 3 to 5% higher than conventional buildings. But
the incremental cost gets paid back within 2 to 3 years with substantial
reduction in operational costs. This makes good business sense”
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