Hyderabad: The Indian Green Building Council government has announced that it now has “1 billion square under eco-friendly constructions, completed, registered and under development.”
The framework for creating and registering green buildings was only created in 2003 by the CII-Sohrabji Godrej Green Business Centre. Because of its campaigning, ratings, and backing from the central government, green surface has gone from 20,000 to 1.11 billion square feet in nine years. The reduced costs of green construction also explain this exponential growth. In 2003, it cost on average 18% more to receive green certification; today that figure stands at 5% which takes an average of three years to recoup.
However, there is still substantial progress to be made. Out of the 1,550 green projects registered, only 223 are “certified and fully functional.” And while 1 billion square ranks India second worldwide in green area, first-place United States stands at 3 billion square feet (although the U.S. is three times larger).
View the complete reports (sources):
"India ranks second in area under green buildings "
Published on Thehindubusinessline.com by V. Rishi Kumar - April 9, 2012
"Green buildings registration crosses 1 billion sq.ft."
Published on Thehindubusinessline.com, by Alka Kshirsagar - March 16, 2012