Green building is an all-encompassing idea that begins with the knowledge that the built environment can have significant consequences, both positive and negative, on the surrounding environment as well as the people who live there every day. The goal of green building is to maximize these effects’ good aspects while minimizing their negative ones over the course of a structure’s whole life cycle.
Creating structures and employing methods that are resource- and environmentally-conscious are now recognized as cutting-edge practices known as “green building,” which spans the complete process of a structure, including its siting, design, construction, operation, maintenance, rehabilitation, and demolition. The traditional considerations of economy, usefulness, durability, and comfort are expanded and complemented by this method in building design.
Another name for a green building is a sustainable or high-performance structure. Green construction enhances our quality of life while protecting priceless natural resources. A home, an office, a school, a hospital, a community center, or any other kind of structure can be a green building. if you looking a Dream Home in Gurgaon! you must read this.
It is important to remember that not all green buildings are the same and don’t necessarily need to be. The way that different nations and regions approach green construction is influenced by a multitude of factors, including specific climatic conditions, local cultures and traditions, a wide range of building kinds and ages, and broad-based environmental, economic, and social concerns.
Evidence that green buildings have numerous advantages is spreading throughout the world. They offer some of the most efficient ways to accomplish a number of international objectives, including as combating climate change, fostering sustainable and thriving communities, and promoting economic development.
Environmental
Our climate and the environment are two of the most significant advantages that green buildings provide. By consuming less water, energy, or natural resources, green buildings can not only lessen or eliminate negative environmental effects, but they can also, in many situations, have positive environmental effects (at the scale of the building or city) by producing their own energy or boosting biodiversity.
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Economic
Buildings that are environmentally friendly have a number of financial or economic advantages that might be useful to a variety of people or groups of people. These include lower construction costs and enhanced property values for building developers, lower utility bills for renters or families (due to energy and water efficiency), higher occupancy rates or lower operation expenses for building owners, and the creation of jobs.
Social
Beyond the economy and the environment, green building industry benefits have also been proved to have good social effects. Many of these advantages relate to the health and happiness of those who live or work in green spaces.
Green Building Sector in India
With a growth rate of 9.2 percent and a contribution to GDP of over 10%, the construction sector is one of India’s fastest-growing industries (GDP). There is therefore a great opportunity for residential growth given that the “Housing for All” project calls for the construction of 20 million urban and 10 million rural homes. With many businesses making a “carbon neutral” commitment, corporate morale is likewise upbeat. As a result, there is a strong business rationale for green residential and commercial construction in India.
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A few of the impacts that are particularly noticeable in India’s commercial real estate are air, water, and sound pollution. One benefit of the epidemic may have been a significant reduction in the global carbon footprint, which has led to the introduction of green building principles in India. However, governments at all levels must maintain the pace for tackling climate change with long-term plans as businesses and countries progressively return to their pre-COVID operational efficiency. After China and Canada, India is ranked third in the US Green Building Council’s Leadership in Energy & Environmental Design (LEED) program.
Benefits of Green Building in India
India’s fight against climate change depends heavily on the development and growth of its building stock. The argument for green construction in India is supported by a number of factors. The first, and possibly most obvious, one has to do with how they affect the environment in general and energy demand in particular. Compared to traditional structures, green buildings use less energy. Although the expenses of building and design are higher initially, they are eventually offset by lower maintenance costs and utility expenditures. Given the epidemic and its repercussions, green buildings have gained popularity among Indian residents who live in both private homes and workplaces. People are anticipated to be even more concerned with their health, comfort, and well-being in the post-Covid era, and they will want to live in homes with improved ventilation systems, lots of natural light, and access to fresh water.
Its significance in accelerating India’s green economic recovery is another crucial factor bolstering the argument for green buildings in that country. After COVID, there has been a widespread consensus to raise sustainable construction and invest in the industries that can support both job development and green growth. An excellent way to help achieve this goal is through green buildings.
Challenges in the Green Building industry in India
India’s green construction industry currently lacks the financial resources and technical know-how to carry out projects. The most significant barriers to green building still relate to those that demand an entrepreneurial-regulatory state. Numerous government programs stand a good possibility of reviving the industry. The Green Rating for Integrated Habitat Assessment (GRIHA) is one of many programs the Indian government has funded to support green buildings. The ultimate goal of this system is to reduce resource usage by 30%.
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Current Trends
Green construction incentives have been created as a result of the success of these pioneering state governments, prompting other governments to follow suit. There are a number of examples of this in India, such as the Karnataka government’s proposal to grant a decrease in property tax and stamp duty for new projects that meet particular environmental requirements.
Additionally, banks may play a significant role in stimulating green building investment, even if the government does not. Green bonds can be issued by banks in order to raise money for the construction of green buildings. Banks can provide long-term financing for green projects. Since green projects have substantial initial construction and design costs, financing is a major barrier to their construction.
Conclusion
Eco-friendly buildings can be an important economic engine in a long-term recession by providing nine million skilled construction jobs and renewable energy jobs by 2030, according to the National Renewable Energy Laboratory (NREL). The government and the finance sector may collaborate to help India realize its full potential in the green construction industry in India.