USGBC – In India by 20% Green building to grow

In the next three years in india Green building industry will grow by 20 per cent, mainly on account of environmental regulation and rising demand, a report said. The US Green Building Council has announced the outcome of the Dodge Data & Analytics World Green Building Trends 2016 SmartMarket Report, in which the USGBC is a contributing partner. By 2018,''The new report finds that the green building industry in India will grow by 20 per cent driven largely by environmental regulations and demand for healthier neighborho -ods," USGBC said in a statement. New high-rise residential, communities and mixed-use development are expected to be the top three sectors for green building growth in India, it added. The report said the increase in consumer demand has pushed the world's green building market to a trillion dollar industry,a surge that has led to a corresponding increase in the scope and size of the green building material market, which is expected to reach USD 234 billion by 2019. The report, conducted in nearly 70 countries,also demonstrates that global green building continues to double every three years. Green building programs such as LEED have been significant drivers of market transformation across the globe. Today, there are nearly 75,000 commercial projects participat -ing in LEED across the globe, with 1.85 million sq ft of building space which LEED is certifying every day. The report found that green buildings offer significant operational cost savings compared with conventional buildings. To this effect, respondents expect 14 per cent savings in opera -tional costs over five year savings for new green buildings and 13 percent savings in operational costs over five years for green retrofit and renovation projects.

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