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Tata Capital > Blog > Loan for Home > What is Indian Green Building Council and What Should You Know About It?

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What is Indian Green Building Council and What Should You Know About It?

What is Indian Green Building Council and What Should You Know About It?

As a homebuyer, have you considered opting for sustainable housing options? These environmentally friendly homes make use of resource-efficient processes throughout the construction process. As a result, they reduce your carbon footprint and ultimately help preserve the planet.

This is why the Confederation of Indian Industry (CII) formed the Indian Green Building Council (IGBC). It aims to promote green homes in the country and undo some of the damage done by the real estate industry. So, if you are planning to buy a new house, consider purchasing an eco-friendly property. Read further to learn about sustainable housing and the role of the IBGC.

What is Indian Green Building Council (IGBC)?

The Indian Green Building Council is a non-government organisation founded in 2001 to enable a sustainable future. It aims to facilitate India to become one of the global leaders in sustainable housing by 2025. Some of the services offered by the green building council include IGBC rating systems, IGBC membership, IGBC chapters, training programmes and GreenPro certification.

Moreover, the council works closely with the central government, several state governments, and the World Green Building Council to promote green housing concepts. You can find more green building council information here.

Additional Read: What are Green Homes? What are the Benefits of Environmental Friendly Housing?

The future of green housing in India

Did you know that India already has a thriving demand for green housing and aims to build 10 billion sq ft of green infrastructure by 2022? And it is expected to increase the nation’s green footprint by 10%. Hence, green buildings can be the future of modern architecture in the country.

The concept of green housing focuses on reducing the overall impact of traditional construction methods that contribute to environmental degradation. Whether it is reducing waste, pollution levels, or simply adopting sources of green energy, sustainable housing strives towards building a green future.

Now, let’s discuss a few green building benefits.

  • Higher resale value: Since green homes have become extremely attractive among young homebuyers, their resale value is also high.
  • Sustainable use of resources: Green buildings are designed by skilled architects who aim to utilise natural resources optimally. They emphasise waste management, recycling and conservation and using biodegradable materials.
  • Saving on utility bills: Lastly, you can save a ton on operational costs like electricity and water bills by moving into a green building. These buildings have solar panels for your electricity needs and are built to let in ample natural light. They also have rainwater harvesting systems and composting toilets to conserve water.

Additional Read: Will Green Homes be the New Smart Way towards Real Estate Investment in 2021?

Final thoughts

Sustainable housing options are indeed the need of the hour in the Indian real estate market. If you are interested in doing your bit for the environment and are planning to buy a house, get a home loan from Tata Capital to purchase a green property.

Our wide variety of housing finance products offer attractive benefits that can help you afford a beautiful eco-friendly home. If you're concerned about the budget, you can use our home loan EMI calculator here and get a clear picture of your future loan instalments to plan accordingly.

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