But is it enough? ANAROCK’S latest real estate research report provides critical data and insights
Anuj Puri, Chairman – ANAROCK Property Consultants
Although sustainable real estate is still in a nascent stage in the country, India is actually one of the leading counties when it comes to green buildings development.
In fact, India ranks only second after the U.S. in terms of the number of green technology projects and built-up area.
As of September 2017, more than 4,300 projects utilizing green technology, accounting for approximately 4.7 billion sq.ft. of built-up area, are registered in India as per data shared by IGBC.
True, this is only 5% of the total buildings in India. However, the country’s market for green buildings is expected to double in the next few years and may reach up to 10 billion sq.ft. by as early as 2022 – at a valuation of between US$ 35 billion to US$ 50 billion.
Why India needs green buildings
ANAROCK’s latest real estate research report, Go Green – The Mantra for Sustainable Living,