After demonetization, odds are dim that one’s favourite Luxury apartments in Hyderabad are in a green building. Hyderabad had never been the frontrunner when it came to having green buildings, yet today, in the post demonetization world it has fallen further behind other large cities when it comes to creating green buildings. Builders in Hyderabad, who were never as enthusiastic about creating green buildings in the city appear to be even less so post demonetization.
What’s Being Done
Innovative financing options from Energy Service Companies (ESCO’s) may be one route that leads to more energy efficient buildings. The Indian Green Buildings Council has asked the ESCO’s to provide financing options which could lead to the creation of a larger number of green buildings in India. The thought of providing innovative financing options to create a larger number of green buildings was shared at a workshop held recently in Hyderabad. If successful, the outputs from the mentioned workshop could lead to more energy-efficient property in Hyderabad in some of the best buildings in the city. The workshop had been designed by the Small Industries Development Bank of India and IGBC.
Thoughts Shared at the workshop
At the workshop, the speaker C Shekar Reddy who has been the immediate past national president of the Confederation of Real Estate Developers of India CREDAI stressed the need for creating financing options for upcoming and existing building projects that would lead to more green upcoming projects in Hyderabad in Hyderabad. Mr Reddy stated that financing schemes through ESCO’s would play a central role is leading to the adoption and promotion of green buildings not just in Hyderabad but across the country.
How Important is it to Be Green?
The importance of green buildings is crucial as significant energy savings can be earned in India by creating such structures. This is all the more crucial when considering property in Hyderabad or elsewhere in the country as India is an energy importer and has a poor natural resource base from which it could extract energy. Energy savings from a project in Hyderabad could lead to cost savings as high as 20 to 30 percent every year. Such energy savings at a project in Hyderabad have already been recorded.
Post By Shrikant Sain