Green norms may simpler for real estate ; Environment ministry

In 2016,India's real estate sector may finally get a much needed boost builders may have to comply with only 12 to 24 environmental norms, depending on project size , instead of the 100 green rules that were originally proposed. Senior officials familiar with the matter told that the environment ministry is seriously considering a radical trimming of the green code in building by laws and the National Building Code.These officials spoke on the condition of anonymity. Projects with built-up size area of 5,000-20,000 sq m will face around 12 conditions, 20,000-50,000 sq m projects will have to reckon with around 18 conditions, and projects over 50,000 sq m will have to comply with 20-24 ecological compliance conditions. The environment ministry had received a suggestion from the urban development ministry that the building green code needs to be simpler.

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