Govt to finalise draft policy on incentives for green buildings
Oct 28, 2013
Source : The Hindu

 

 

Referring to the additional Floor Space Index, for green buildings in Noida, Union Secretary, Ministry of Housing and Urban Poverty Alleviation, Arun Kumar Mishra said such measures would be actively promoted by the Centre and made part of the national policy [on promotion of green buildings],

Addressing the “Green Building Congress-2013” organised by CII and the Indian Green Building Council, he said the Centre would hold dialogue with State governments on such incentives for green buildings.

On any financial support like capital subsidy, he indicated that it could take time as it involved “deliberations and interaction” with several ministries.

Stating the government had a role in encouraging green buildings, he said, “in government housing programmes, we plan to do about a million houses in the next four years.

We have already made it a part of our instruction that any block, any State, any municipality wanting to construct these [green] buildings, will be covered in our project cost.”

“We have Building Materials and Technology Promotion Council and we can enter into an MoU to promote this energy saving green technology.”

Stating the Centre would also promote alternative technologies in building material, he indicated that the issue of financial support for this sector would be pursued if needed.

He said the Centre would be inclined to ink an MoU with the Green Buildings Council to sponsor a training programme for the engineers and senior officers of the Centre so that “they could be acquainted with this green technology.”

CN Raghavendran, Chairman, IGBC-Chennai Chapter said over a period of time India’s building footprint would be “100 billion square feet out of which 70 billion square feet will be in the residential sector, which is growing at a rate of 5 per cent every year.”

Latest Realty News

‘BDA, BMC responsible for city waterlogging’
Oct 28, 2013
BHUBANESWAR: Kalinga Sena supremo Hemant Rath on Sunday alleged that the waterlogging in the capital city caused due to the torrential downpours for five consecutive days is ‘manmade’ and the Bhubaneswar Development Authority (BDA) and the Bhubaneswar Municipal Corporation (BMC) are highly responsible for the problem.
Foreign banks offer dual-rate products
Oct 28, 2013
MUMBAi: Amid rising interest rates, foreign banks in the country are making an effort to attract home loan borrowers by introducing dual rate or fixed-cum-floating rate products.
Sebi seeks tax incentives for REITs
Oct 28, 2013
MUMBAI: Securities and Exchange Board of India (SEBI) will ask tax authorities to consider incentives for real estate investment trusts, Sebi Chairman U K Sinha said on Monday.
Bangalore: From global back office to a work and live hub
Oct 28, 2013
BANGALORE: In the early 1990s, when Electronics City was in its nascent stage, there were many who thought Infosys was a bus company, as buses emblazoned with the company’s name became ubiquitous, as they ferried employees from home to work and back.
Kanjurmarg competes with Mulund and Ghatkopar
Oct 28, 2013
MUMBAI: Kanjurmarg, one of the suburbs located on the east-central side of Mumbai, is known for its affordable housing projects, as compared to other suburbs such as Mulund and Ghatkopar. Considering its proximity to several other real estate destinations, the area today, has carved a path for itself. Here are some of the major reasons why it has become a vibrant real estate destination.
Marunji Road: Destination next in Pune
Oct 28, 2013
PUNE: The Hinjewadi IT Park is an outstanding success story in its own right. It has single-handedly boosted Pune’s profile on the national and global business map. The effect that the Hinjewadi IT Park has had on the type of demand for residential spaces in the adjoining areas like Marunji road is a textbook case of the IT industry and its accompanying culture dictating the shape and form of a market. Real estate investors and developers are quite confident that the area will be one of the most
Realty firms gear up for first asset-backed property bonds
Oct 28, 2013
MUMBAI: Property firms, including DLF Ltd, are gearing up to sell the country’s first bonds backed by rental income from their office buildings and shopping malls.
3-day real estate show gets under way in Hyderabad
Oct 28, 2013
HYDERABAD: Leading property developers, housing finance institutions and banks are taking part in the three-day Property Show 2013, which got underway here on Friday.
BBCL Sukriti offers luxury apartments
Oct 28, 2013
CHENNAI: Bharat Building Construction (I) Pvt. Ltd is developing ultra luxury apartments in T. Nagar, the residential and commercial hub of Chennai.
Home Linen from Hugo Boss
Oct 28, 2013
MUMBAI: Surprise Home Linen brings you the Boss Home Collection from the Hugo Boss Group, an international premium and luxury fashion brand, which brings to India its new bed and bath offering.

Latest Realty News Of State

Realty Talk's