Only 4% Buildings In India Are Green, Says Report

Only 4% Buildings In India Are Green, Says Report

Only 4% Buildings In India Are Green, Says Report

Only four per cent of buildings in India are "green", and lack of technical expertise to execute projects and funding to pay for improvements remain the biggest barriers to such investment, according to a new study.

Ireland-based Johnson Controls Building Technologies and Solutions conducted its second annual smart city indicator survey to track key drivers, organisational barriers, technology trends, and the status of smart city solution implementations around the world.

The survey was conducted in 20 countries, including Argentina, Brazil, Canada, Chile, China, Colombia, France and the United States, besides India. The findings on the survey are based on the responses of over 330 city leaders.

Green building are those structures that have been created using processes that are environmentally responsible and resource-efficient throughout the building's life-cycle. While the construction cost of a green building is higher, the higher cost can be recovered in three to seven years through lower operational costs. The instant benefits of green buildings are energy savings that form up to 20-30 per cent and water savings up to 30-50 per cent.

Owing to all these advantages, many real estate developers in different parts of India have started using environment-friendly innovative technologies like energy efficient material, intelligent gadgets, energy efficient doors and windows, solar water heating, generating power and rainwater harvesting.

Clay Nesler, the Vice-President of the Johnson Controls, said even though India had a slow start it is on track -- with the global average of 14 per cent.

"India is getting bit of a slow start but it would be catching up. The most exciting data that we have is that 46 per cent of the organisations in India are willing to pay a premium to lease space in a green building," he said.

India was definitely on track to be consistent with the global average, he added.

Last Updated: Tue Mar 12 2019

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@@Wed May 13 2020 19:59:51