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
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
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.