With the increasing demand for residential properties, builders and developers make sure that their demands are met and at the same time ensuring that the y are not exploiting the environment. It is observed that many builders and developers who are hugely implementing environmental safeguard methods in their construction processes like minimization of waste practices and resource inputs are unnoticed.
In 2008, the then Indian Prime Minister released one of the key objectives of the national mission on eco-friendly habitat as to increase the energy saving building code to new and large buildings and to safeguard energy efficiency in a substantial way. But, there are various challenges and barricades injuring the green real estate sector in India and grow big as its value chain leads to various and contradictory opinions on the sector’s resurgence.
The main aim of this analysis is to connect the gap and to bring out perceptions that would support fuel viable development in the green real estate sector. About 72 per cent of people who partook in this analysis opined that the high costs of green real estate buildings are major barrier to the development of this sector. Around 50 per cent of the same set of respondents also opines that the high cost of green buildings is just a belief and the cost of green buildings is just as same for the normal buildings. This shows the lack of understanding among the investors about the benefits of green buildings.
The analysis also highlighted some recommendations like the relevant requisite to increase awareness among all shareholders like real estate developers; real estate fund managers; financial institutions; Es-cos; green building and landscape architect companies; construction material manufacturers and large pro-sustainability corporations, to unite, build, and increase awareness on the perceptible and imperceptible benefits of green buildings. The study highly recommended substantial changes to surpass these blockades and highlighted the exigent need for all investors. It also stressed on the requirement of sterner implementation of prevailing principles, besides the national level policy for all forthcoming commercial real estate projects.
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Very useful information, specially for people who are looking to invest in real estate. These kind of articles are very helpful for property investers. Also read my blog 1 bhk flat in Pune hope you like it.
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