Sunday, July 6, 2008

Can Green Buildings Become Popular in India?

Mumbai-based Lodha Group announced a green building project at Kanjur Marg recently. With this, Lodha Group joins the bandwagon of other private property developers who are developing green buildings in India. Hiranandani Group, K Raheja Corp and RMZ Corp have already launched green construction at various part of the country.

Green buildings usually involve an incremental cost of 7-10 % over traditional buildings. This may become a hindrance for small developers who want to build energy efficient buildings.

Have your say – Do you think Indian developers can embrace green building concept, overlooking the financial burden? Share your opinion with us.