Green Homes: Light On Pocket, Easy On Environment
Every industry today is coming up with environmental-friendly products and alternatives. Be it spices, cosmetics, clothes and even homes. Developers across the country have been trying the green concept in Indian homes. Though green homes can prove to be expensive in a price sensitive market, the cost overtime in terms of savings is the attraction for many.
Nilanjan Bhowal, Principal Architect, Design Consortium says, “While the country has seen a number of eco-friendly buildings, the concept has been restricted mainly to commercial spaces. However, the trend is now catching on with private residences as well. The good news is that it comes with a certification from TERI and Indian Green Building Council.” (TERI-The Energy and Resources Institute)
Here's how green homes will help you:
Factor in the cost
We agree that green homes are costly at the time of purchase, but, the difference of Rs 150-200 per sq ft can help you with a long-standing and environmentally effective structure. In the long run, green homes that are constructed using the effective construction material, are far superior than those used in a regular building. Sometimes, materials are recycled and reused, too. Hence, the initial cost is higher but the value for money is greater. Even while calculating the depreciation of a home, the life of a conventional building is taken to be 60 years. Green homes have a life of 100 years.
Your health is the priority
Like they say, health is wealth, and truly so. Green homes boast better air quality, help regulate temperature and with eco-friendly products used for construction, your health is not affected. Autoclaved Aerated Concrete, better known as AAC blocks for external walls and fly ash bricks for inner walls are natural insulators of heat. Besides, it helps conserve natural resources, helps you optimise energy, water too.
Looking from the business perspective, green homes help developers pitch their projects better. Any development in sync with sustainability is witnessing demand, not just in residential, but also office spaces. In June 2016, the Delhi government announced sops and tax breaks for companies that promote solar energy. The aim is to create Delhi into a solar city, by generating 2,000 MW by 2025.
Most green home evangelists believe that regulatory reforms and government intervention will help developers build and promote green. Increased Floor Area Ratio/Floor Space Index (FAR/FSI) of 5-10 per cent, brownie points for such development and therefore, reduction in developmental charges, faster approvals and reduced property taxes will help green homes gain ground. Pimpri Chinchwad Development Authority, one of the first to adopt it, offers 5-10 per cent tax rebate to home buyers depending upon the GRIHA rating.
As of now, the Indian Green Building Council or IGBC records about 4.48 billion sq ft of green building footprint in India making the country the second largest in the world to do so.
Also Read: 5 Creative Eco Resorts Around The World