Page 11 - CIJ May 2023 Digital Edition

News Track

Green homes gain ground

Bangalore home-owners favour such properties

ustainable green the years, there has been a huge harvesting and energy efficient
homes have become demand towards green buildings. appliances.”
a popular trend in the Bhaskar T Nagendrappa, Rakesh Reddy, Director,
Sreal estate industry in President, CREDAI Bengaluru Aparna Constructions & Estates
Bengaluru. These homes are said, “According to a report by Pvt Ltd said, “The growing
designed to minimize their WorldGBC, the green building popularity of remote working
environmental impact, reduce market in India is expected has led to an increased demand
energy consumption, and to double by 2022, and it is for 3BHK and larger living
promote eco-friendly practices. projected to reach a value of spaces across India with an
Many developers are now $35-50 billion by 2025. The abundance of open spaces and
incorporating sustainable innovative sustainable green sustainable amenities. While the
features in their projects to meet homes designs and technologies initial investment may be higher,
the growing demand for green currently used involve green implementing green features
homes in the city. buildings, these are buildings can greatly enhance the long-
In a recent report, CBRE India that are designed to minimize term value of a property. The
in its report ‘Indian Real Estate’s their impact on the environment integration of sustainable features
ESG Landscape and its Progress by using sustainable materials, in building design results in
to a Sustainable Future’ pointed energy-efficient systems, and decreased maintenance expenses.
out that the country’s green assets renewable energy sources. This This factor serves as a key
have risen by 37% in total. Over apart, solar power, rainwater attraction for prospective buyers.”

Clean India Journal•MAY 2023 11
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