India has a great tradition of building environment friendly homes throughout its history. Various renewable and natural items like bamboo, agricultural residues, clay etc. have traditionally been used in vast areas of India, particularly in rural areas. But the concept of modern green building having minimum impact on environment began to grow in late 1990’s. Then the rating system for green buildings started in early 2000’s with the formation Green Rating for Integrated Habitat Assessment (GRIHA) by the TERI and MNRE and then Indian Green Building Council (IGBC). Since then green building movement in India gained tremendous impetus over the years. Now there are more than 4500 green building projects in India with about 4.17 Billion Square Feet built-up area which is only second after the USA in terms of built area as well as number of projects. But the current stock of green buildings in India is only 5% of the total buildings in India that shows the massive market potential of green buildings in India.
Growth in green building market in India is also likely to bring about enormous economic growth by creation of a new industrial sector. The notion of green building being a completely new in India, there are very few number of existing professionals in the sector. But as the market grows, there will be demand for architects, technicians, energy experts, environmentalists, consultants etc. having adequate knowledge of the sector. Some of the green building rating agency providers like IGBC or GRIHA has already started building professionals dedicated for green buildings. In next one decade or even less, the trend will enhance remarkably. As the worth of green buildings is being perceived by more sections of the society with the passage of time, the ultimate objective of sustainability i.e. economic development maintaining the environment looks easy to achieve.
“India Green Building Market Opportunity Outlook 2020” Report Highlights:
– India Green Building Market Overview
– Why India Needs Green Building
– India Green Building Market By Sector
– India Green Building Construction Materials Market
– India of Green Building Rating System
– Indian Government Policy on Green Building
Source : Research and Markets
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