It may turn into difficult for builders to construct green buildings as they are 25-35 per cent a lot more costly than reveal findings of Grant Thornton and ASSOCHAM.

Releasing the findings of the White Paper, ASSOCHAM presi- dent, Dr Swati Piramal pointed out that despite the advantages, construct- ing a green constructing remained a challenge when it came to the initial capital outlay and immediate returns on investment.

The Paper also points out that contemplating the modifications in global climate, rising population, pollution, related regulations and also com- mercial concerns vis-à-vis power crisis, running price and pressure on urban infrastructure, green practice will become a necessity rather than a matter of option in the next 10 years.

Along with environmental con- cerns, the most obvious objective of constructing green buildings will be to bring in energy effective practices, therefore reducing consumption of power and water. Nonetheless, in the short term,  discover the s initial cost of deploying energy effi- cient systems a major hindrance.

This is inspite of the truth that real estate and its ancillary industries account for far more than half of the world’s energy consumption.

Courtesy:- HT Estates  dt:- 03-April-2010

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