People usually assume that investment in a green building is done by folks that have teeming quantity of cash. However very little do they understand that by paying a premium of < 2 % they will create a period of profits which may be cherish ten times of the premium quantity they pay. These buildings are designed in such the way that they have better ventilation and natural lighting. Nontoxic chemicals are used for construction of the green building. Additional insulation is provided between layers of wall and rooftop so that the warmth of the Sun don’t have an impact on cooling system which in-turn saves plethora of energy. Some studies recommend that productivity of worker will increase in green offices/buildings compared to traditional offices and buildings.
Different countries have different rating agencies for Green Buildings. Some of the most popular ones are IGBC(INDIA), LEED(USA), DGNB(Germany), BREEAM(UK) and CASBEE(JAPAN). Different state government in India provides incentives on property tax on the basis of certification from IGBC or LEED. Maharashtra government is soon going to bring in law for green buildings which will decrease property tax by anywhere around 10 to 15% for green buildings in Mumbai.
Some of the key advantages of investment in inexperienced building are:
- Green Buildings are designed to avoid wasting energy and resources, recycle materials and minimize the emission of noxious substances throughout its life-cycle.
-Green buildings harmonize with the native climate, traditions and culture and encompassing setting.
-Green buildings are able to sustain and improve the standard of human life while maintaining the capability of the scheme at native and world level.
-Green buildings decreases the operational cost and have vital impact on productivity of the work.
-Green buildings sends the correct message concerning company, organization or person that they’re committed to the longer term.
Problems faced in development of Green Buildings:
-Lack of building codes and regulation
-Lack of incentives
-Higher investment value
-Risk of investment
-Lack of Public awareness
-Lack of demand
-Lack of strategy to market inexperienced building
-Lack of style and construction team
-Lack of experience
-Lack of skilled information
-Lake of information and knowledge
-Lack of technology
Future of Green buildings
In 2009 alone, annual CO2 savings from LEED buildings was calculable to be around 3 million tons from energy renewable. Total water savings from LEED amounted at 15 billion gallons, composed of 0.5 % of annual nonresidential water use.