Pune’s Green Chapter
Pune is amongst the cities that are more tolerant to green homes.
Jun 03, 2013
Source : The Times of India

 

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.”

Latest Realty News

Mhada to hold 1 more lottery around Diwali
Jun 03, 2013
In a first, the Maharashtra Housing and Area Development Authority (Mhada) is planning to hold a second round of lottery for 2,450 under-construction flats around Diwali this year. The flats, which would be completed early next year, would be located in Virar, said Mhada vice-chairman Satish Gavai.
New land prices dampen Noida-Greater Noida’s realty
Jun 03, 2013
With the three development authorities of Noida, Greater Noida and Yamuna Expressway having revised their land prices, the dream to build or buy a house of one’s own has become costlier. These authorities have raised the land prices by up to 40% of their current rates.
Virar offers multi-dimensional benefits for affordable housing
Jun 03, 2013
For Somesh Vaidya, who shifted to Virar from Borivili, it was a decision he would not regret. The area has excellent connectivity, more open space and social infrastructure is no less compared to the other suburbs. Another added advantage of buying property here is its easy accessibility to Mumbai via the Western Express Highway, which is just five kms from the area and the Metro is only in three kms. The roads are also constructed well and are in good shape.
Mumbai may get exemption from high rise rules
Jun 03, 2013
High rise building projects in India’s commercial capital Mumbai might get a breather from the ministry of environment and forests (MOEF) guidelines linking height of the building with a width of a near-by road and a distance from fire station.
HDIL slips on posting Q4 losses
Jun 03, 2013
Housing Development and Infrastructure (HDIL) has slipped 9% to Rs 46.90 after reporting a consolidated net loss of Rs 280 crore for the quarter ended March 31, 2013 (Q4) due to exceptional loss of Rs 442 crore pertaining to Mumbai International Airport Slum Rehabilitation project. The Mumbai-based real estate developer had a net profit of Rs 316 crore in the same period a year ago. The company’s income from operations declined sharply 77% to Rs 140 crore from Rs 622 crore during the recen
Mumbai's desire for height
Jun 03, 2013
Mumbai's real estate is among the most expensive in the world. Partly, of course, this is a result of geographical factors - the city is limited by natural boundaries of sea, hills and marshland.
Realty pile-up doubles in NCR, Mumbai, Hyderabad
Jun 03, 2013
Tough times are far from over for the real estate sector. The inventory pile-up across the National Capital Region (NCR), Mumbai Metropolitan Region (MMR) and Hyderabad have almost doubled in the last three years, signalling the market is to yet recover.
Economically backward class to get 'green homes'
Jun 03, 2013
As many as 184 homeless families in Malappuram can reside in their 'green houses' as the municipality will soon inaugurate the flats constructed for economically backward families, under the Integrated Housing and Slum Development Programme ( IHSDP) project
The agent who can save a deal
Jun 03, 2013
Amit wanted to sell his apartment in Mumbai and approached a real estate agent. His dealer took more than six months and was still unable to sell the property.
Hidco eyes rich harvest by plot sale
Jun 03, 2013
fter reaping rich harvest last year by selling off lands, The Housing Infrastructure and Development Corporation (Hidco) has again put up several commercial plots for sale.

Latest Realty News Of State

Realty Talk's