Why have green buildings become the current rage in India?

financialexpress.com:

The nation is actively striving for a more environmentally-friendly and sustainable future by concentrating on decreasing greenhouse gas emissions, enhancing energy efficiency, and embracing renewable energy sources. Driven by this, the real estate industry in India is also witnessing a significant increase in green building and sustainability projects, covering all parts of the country.

The demand for green buildings has increased due to the confluence of two factors – (i) Indian youths (who are also large demand drivers due to the entire startup revolution in India) are much more environmentally conscious, and (ii) greater access to green funding being available for sustainable projects, says Piyush Bothra, Co-founder & CFO, Square Yards.

Developers say there is need for green building practices to minimize environmental footprint and ensure resource-efficient operations. The demand is rising as more property buyers become aware of how buildings and constructions add to carbon emissions. Annually, they account for 36% of global energy use and cause 39% of energy-induced carbon emissions. This has prompted the real estate community to integrate sustainability into building design and construction techniques to lower environmental impact and connect with environmentally-conscious buyers.

Harish Fabiani, Chairman, Indialand Group, says, “Today, green building projects are equipped with water and waste management systems, and feature renewable energy sources like solar panels to offer a sustainable living experience. Some commercial properties even feature EV charging hubs to offer EV owners the convenience of charging. Even the Confederation of Real Estate Developers’ Associations of India has joined forces with the