What Do Developers Get For Constructing Green Buildings?

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constructing green buildings?
What Do Developers Get For Constructing Green
Buildings?
Feb 2018
In Green Homes
Provided the cost that green residential
commands, most of the home buyers prefer the
comparatively conventional concrete houses.
However, did you really know there are incentives
that are actually introduced to make greener
homes popular among you? The Urban Planning
Department and Uttar Pradesh Housing provides for
free of cost 5 additional Floor Area Ratio for
the projects complying with 4/5 star Green Rating
for Integrated Habitat Assessment (GRIHA) rating.
Revised Haryana building bye-laws 201
recognized the greener building measures by the
awards and projects advantages of additional
Floor Area Ratio up to 25 by getting the
site/building/project certified from GRIHA
Council as well as achieve GRIHA rating according
to the sub 4 or the adopting green norms. In
addition to FAR for all the building users except
the plotted housing. The extra FAR shall actually
be given over and above the extreme permissible
FAR. West Bengal government provides green
campuses by Ministry of New and Renewable Energy
a 10 additional FAR Sanction of building
construction plan of green homes as well as
additional FAR grant shall be allowed based
completely on pre-certification by agencies.
Pune Municipal Corporation provides discounts on
premium rates payable to the corporation
according to the star rating awarded by the GRIHA
Council. Ministry of New and Renewable
Energy is applying a program on the Development
of Solar Cities where 100 small townships or
campuses both existing and new ones, duly
notified/permitted by concerned authorities that
are being developed by builders or promoters,
industrial towns/SEZs, institutional campus, etc.
are actually proposed to develop as green campus
during 12th 5-year plan. Financial assistance is
up to Rs 5 lakh for preparation of the Master
Plan as well as Development Project Report which
includes the action plan for green campus
development, renewable energy installations,
awareness generation and training, etc. is
available. Sikkim has adopted GRIHA for
Government and semi-Government structures. These
would conform to the minimum 3-stars GRIHA rating
for propagating sustainable development in the
state. Noida and Greater Noida have
incentivized GRIHA project on plot of over 5000
square meter and above with 5 free of cost
additional FAR for the projects for complying
with 4/5 star GRIHA rating.
Jaipur Development Authority has notified
that buildings constructed on the plot area more
than 5,000 square meter will be eligible for the
additional 5 FAR free charge of they get 4/5
star rating from GRIHA Pimpri-Chinchwad
Municipal Corporation will provide following
discounts on premium amount of building the
permission rates, according to level of rating
awarded by GRIHA. Also, the home buyers have the
advantage of 10 discount once construction is
complete and handed over to the home buyer.
Ministry of Urban Development issues the
notification for local authorities to incentivize
as well as provide 1-5 extra ground coverage as
well as FAR for the projects of over 3,000 square
meter plot size on the basis of the GRIHA
evaluation. Punjab's Development of Housing
and Urban Development has basically notified than
the additional 5 FAR, free charges shall
actually be permissible to the buildings that
give relevant certificated from Bureau of Energy
Efficiency or from the GRIHA.
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Ministry of Environment and Forests, the
Government of India issued memorandum to
facilitate the fast track environmental clearance
for GRIHA pre-certified projects. The Small
Industries Development Bank in India has been
giving financial assistance to the green
buildings which are certified by Accredited
Rating Agencies which includes GRIHA by
proffering concessional interest rate, presently
50 basis points.
n g
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