India : MoU signed between PMC and IGBC for Green Buildings

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Aiming to provide further promotion of green buildings in India’s Pune city, a Memorandum of Understanding (MoU) between Pune Municipal Corporation (PMC) and Indian Green Building Council (IGBC) was announced on incentivizing IGBC-related projects in the city.

According to the Confederation of Indian Indsutries (CII) statement, the MoU would offer up to 15% rebate on premium/development charges to projects certified by IGBC. The ink was exchanged between Prashant Waghmare, city engineer, PMC and Aniel Goel, chairman, PMC and Anil Geoel, chairman, CII Pune Zonal Council & Chairman, Duroshox Pvt Ltd and J P Shroff, Chairman, and IGBC Pune Chapter and Director, Shroff Group.

The Memorandum of Understanding aspires to encourage the adoption and promotion of green buildings, as well as to offer new opportunities for growth among its stakeholders. With this MoU, PMC and IGBC would work more closely in building a healthier and greener Pune city.

According to Shroff’s statement, with the support of the stakeholders, IGBC is spearheading the green building movement in the country. With over three billion square feet, India is the second country in the world with the largest registered green building footprint aiming to facilitate 10 billion square feet by 2022.

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