Green buildings seen as $30 bn-market

Date: 27 September 2011
NEW DELHI: A host of companies are showing keen interest for environment-friendly construction in India, pushing analysts to project the market size for "green buildings" to grow three-fold from $10 billion to $30 billion in the next four years."Two-three years ago, the market for green buildings in India was just $4-5 billion.

Now it is around $10 billion. And studies show it will increase further to $30 billion over the coming four-five years," said French trade commissioner here, Sebastien Andrieux.

"What you invest in a green building you own it for ages. You will also save energy all the while. In a few years you recover your investment as well. So in the long term, it becomes cheaper than conventional construction," Andrieux told IANS.

The country even has an Indian Green Building Council, promoted by the Confederation of Indian Industry's Sohrabji Godrej Green Business Centre, to promote the concept, certify buildings as green and train professionals.

According to the council, the tangible benefits include 20-30 percent energy saving and 30-50 percent water saving, while intangible benefits include enhanced air quality, excellent day lighting, health of occupants and conservation of scarce resources.

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600450 Green buildings seen as $30 bn-market
Date: 27 September 2011

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