Resource detail

Title: Building Efficient Cities: Strengthening the Indian Real Estate Market through Codes and Incentives
Organization:Administrative Staff College of India and Natural Resources Defense Council
Year:2014

India’s real estate market is experiencing tremendous growth. In the first six months of 2013, more than 20 million square feet of prime office space was constructed in Mumbai, Delhi, Pune, and Bangalore, a 16 percent increase on an annual basis.1 While this growth trend is expected to continue for the coming decades, we do not have to continue the business-as-usual approach of constructing buildings with heavy energy use that later require costly retrofits to become energy efficient.2 Today’s rapid development brings the country to an historic crossroads: to build using the typical old approaches, resulting in unprecedented increases in energy use and related greenhouse gas emissions, or to lead the market and shift to energy efficient strategies, enabling growth and constructing cleaner, healthier cities for the future. Developers, building owners, tenants, banks, and policymakers are essential to achieving the benefits of energy efficiency: reduced energy use, cost savings, increased worker productivity, higher asset value, and market advantage.




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