The residential housing segment is gradually going green. The Indian Green Building Council (IGBC) started with a modest 20,000 square feet (sq. ft.) of green built-up area in 2003. On August 1, 2023, more than 11,300 green building projects in the country representing over 10.27 billion sq. ft. area were registered with it. Of these, 3,260 green building projects are certified and fully functional.
Who’s offering these projects?
Many leading developers have joined the green bandwagon. “Several large developers like Mahindra Lifestyle, Macrotech Developers, Godrej Properties and Tata Realty now have sustainability targets,” says Amit Goyal, chief executive officer (CEO), India Sotheby’s International Realty.