Green building concept on the rise in India
Green building development has gained momentum in India despite global economic slowdown, with its supply rising manifold to 6.8 million sq ft in the last seven years, a study said.india Updated: Oct 11, 2009 12:53 IST
Green building development has gained momentum in India despite global economic slowdown, with its supply rising manifold to 6.8 million sq ft in the last seven years, a study said.
"The supply of green space has seen substantial jump from 20,000 sq ft in 2002 to 6.8 million sq ft in 2009," property consultant DTZ said in a report.
The total supply of green space has increased to 6.8 million square ft till September from 3.8 million square ft in early 2007, mostly contributed by IT/ITeS sector, the report said.
Green buildings are designed to have a longer life-cycle, and help conserve natural resources like water, while consuming minimal power and energy.
"The concept of green building development in the country has witnessed a sustained momentum despite the overall weakening macroeconomic environment, witnessed in the last one year," the consultant said.
The supply of green space has been contributed by various industrial segments but IT/ITeS sector contributed the maximum at 58 per cent of the total supply in the country, it said.
The report highlighted that Turbo Energy R&D and administrative block in Paiyanur, Chennai, has been certified by globally renowned Leadership in Energy and Environmental Design (LEED) as the greenest building in India.
Other prominent green projects include ITC Green Centre (Gurgaon), CII-Godrej Green Business Centre (Hyderabad) and Kalpataru Square (Mumbai).