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Eco-friendly homes help you save Rs 22,500 a year

An initial investment of Rs 72,000 will help you make major savings on your energy bills

Updated on: Dec 01, 2015 07:20 PM IST
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The good news for those living in apartments is that the Indian Green Building Council (IGBC) recently launched a Green Residential Societies Rating System (perhaps the first of its kind in the country) for apartment blocks at the Green Building Congress 2015 held in Gandhinagar, Gujarat, last week.

For a top star environment-friendly rating, societies have to score a specific number of points based on maintenance contracts, distance from hospitals and other facilities (ISTOCK)
For a top star environment-friendly rating, societies have to score a specific number of points based on maintenance contracts, distance from hospitals and other facilities (ISTOCK)

The highest level of green rating is platinum, which is also a global leadership standard. To achieve this star rating, a society has to score 65 points and above, requiring each apartment owner in the society to make a one-time investment of Rs72,000. The savings that will accrue to each resident will be around Rs 22,500 per annum which is easily recoverable within three years.

If a society does not wish to make a huge investment and just wants a basic certified level rating (around 20 to 39 points), all it needs to do is ban smoking in common areas, for which it will get three points. An annual maintenance contract with an electrician, plumber, mason or the lifts engineer will add four points to the score. An ATM and a medical store within a distance of 1 km from the society will mean two points. The society in which residents are informed through newsletters, meetings and emails about the benefits of going green will get one point.

Some of the other basic changes residents can make is by installing a solar water heating system for Rs 15,000.

 
ABOUT THE AUTHOR
Vandana Ramnani

Vandana Ramnani leads the real estate vertical at Hindustan Times Digital, bringing over two decades of journalism experience across real estate, education, human resources, and foreign affairs. She specialises in India’s real estate sector, covering residential and commercial markets in Delhi-NCR, Mumbai, and Bengaluru, with in-depth reporting on regulatory developments, urban policy, housing trends, and interviews with industry leaders. Her work has also appeared in the Hindustan Times newspaper and HT Estates. Earlier, Vandana played a key role in establishing the real estate vertical at Moneycontrol (NW18 Group), shaping its editorial direction and market coverage. She has also written extensively on international education for HT Education, tracking global study destinations, policy changes, and student mobility trends, earning the Singapore Education Award 2009 for Best Media Coverage (Print). Her reporting portfolio includes human resources and employment trends for HT ShineJobs and PowerJobs, as well as lifestyle and interior design features for HT Premium Homes. Vandana began her career with the Press Trust of India, gaining strong editorial and reporting expertise. She was also selected for a prestigious fellowship at Fondation Journalistes en Europe in Paris, where she wrote for EuroMag. One of her notable reporting assignments included covering Germany’s capital relocation from Bonn to Berlin. Outside of journalism, Vandana is a passionate traveller, constantly seeking out charming hideaways across India and the lesser-known, offbeat corners of Southeast Asia.

Stay updated with latest Real Estate news and updates from India and around the World, explore the latest market moves and premium property listings updates now on Hindustan Times
Stay updated with latest Real Estate news and updates from India and around the World, explore the latest market moves and premium property listings updates now on Hindustan Times
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