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This sector alone ingests about 40% of natural raw materials, 25% of water and 35% energy resources. Real estate development is one of the biggest consumers of natural resources (water, energy, raw materials) and generates gargantuan amounts of wastes and pollutants. Real estate development – a prime culprit In recent years, this alarming ecological dynamic has drawn the concerted attention of many countries and kick-started massive efforts to find ways and means to mitigate the rate of deterioration and ensure efficient use of natural resources. This is the primary cause of climate change, the rise in average temperatures and deteriorating air quality in our cities. The rapid rate of depletion and concurrent steep rise in greenhouse gases emission and waste generation have resulted in continuous environmental degradation. It has also led to a significant depletion of our natural resources. These dynamics have caused changes in our overall lifestyle and indeed our quality of life – but that is, arguably, not the worst of the fallout.
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by as early as 2022 – at a valuation of between US$ 35 billion to US$ 50 billion.ĪNAROCK’s latest real estate research report Go Green – The Mantra for Sustainable Living explores the price we have paid for the rampant urbanization and massive population increase in the quest for faster economic growth. However, the country’s market for green buildings is expected to double in the next few years and may reach up to 10 billion sq.ft. True, this is only 5%of the total buildings in India. of built-up area, are registered in India as per data shared by IGBC. As of September 2017, more than 4,300 projects utilizing green technology, accounting for approximately 4.7 billion sq.ft.
![green residential buildings india green residential buildings india](http://www.aumarchitects.in/wp-content/uploads/2015/11/2.jpg)
in terms of the number of green technology projects and built-up area. In fact, India ranks only second after the U.S. Although sustainable real estate is still in a nascent stage in the country, India is actually one of the leading counties when it comes to green buildings development.
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