PUNE: One may wonder why the sudden gust of Green Homes. Why are real estate developers suddenly focused on building green buildings/townships? Magicricks.com understands the benefits of investment and the interest of developers in green homes. It has launched its www.magicbricks.com/gogreen microsite to celebrate World Environment Day for the entire month of June 2013.
According to Indian Green Building Council (IGBC), the green movement is on the move. In 2001, there was just one registered building. Today, there are approximately 80 green buildings. Pune is amongst the cities that are more tolerant to green homes.
Rajendra Pate, Director of Amit Enterprises Housing Ltd (AEHL) says, “Pune is undergoing climatic changes. The summers in the city are getting hotter while the winters are getting colder. This could be one of the main reasons behind the city’s eagerness to adopt green home practice.”
AEHL has two upcoming projects – Astonia Royale at Ambegaon and another project (un-named) at Baner. Both of them are Green Certified projects, adhering to all restrictions laid down by the IGBC. Pate quips “In India, real estate development is still one of the main contributors to environmental damage. The waste produced during construction degrades the quality of the environment. In fact, buildings in general are responsible for close to 40 per cent of the world’s Green House Gas (GHG) emissions. This directly impacts global warming, which is a major concern now.”
To promote the green practice in Pune, Pimpri Chinchwad Municipal Corporation (PCMC) plans to increase the percentage of exemption of tax for small housing projects built up to 2,500 sq ft which follow the green building rules. The civil body of Pune city intends to push for approval before the general body. Not just the proposal, in 2011 PCMC also commenced its ‘Green Building’ initiative. In a bid to save the environment the PCMC had launched specific criteria to save natural resources and reduce pollution.
A spokesperson from PCMC says, “The property owners are also benefited by reduction in pollution related to air, noise, soil, water etc. Also, there will be less energy consumption due to green building construction. The developer gets a discount from 10-50 per cent in premium amount of building permission charges, as per the rating awarded by GRIHA, and the flat owners get 5-15 per cent discount in property tax after possession from the developer.”
Mili Majumdar, Director, Sustainable Habitat, TERI opines, “Pune is doing well for Green Homes. Developers are increasingly being receptive to the concept due to spread of green awareness.”