India ranks third globally in LEED certified green buildings with 2,386 projects

NEW DELHI: India ranks third in US Green Building Council’s annual ranking of the top 10 countries for Leadership in Energy & Environmental Design (LEED) certified buildings.

The country had around 15.90 million gross square meters (GSM) of LEED-certified space and an additional 89.28 million cumulative GSM of LEED-certified and -registered space, totalling 2,386 projects participating in LEED across the country.

“With a focus on LEED and green buildings, India is prioritizing environmental and human health in the built environment on a holistic scale and helping us get one step closer to a green building for all within this generation,” said Mahesh Ramanujam, president and chief executive officer of USGBC.

LEED is the world’s most widely used and recognized green building rating system. The top 10 list highlights countries outside of the United States that are making significant strides in sustainable building design, construction and operations.

India is part of a growing international trend as global green building is expected to double every three years, according to a Dodge Data & Analytics World Green Building Trends 2016 SmartMarket Report, to which USGBC was a contributing partner.

China topped the 2016 rankings, with 34.62 million GSM, followed by Canada, India, Brazil, Republic of Korea, Taiwan, Germany, Turkey, Sweden and United Arab Emirates.

Emerging economies will continue to be engines of green growth, with development varying from twofold to sixfold over current green building levels.

“Increased consumer demand has also pushed the world’s green building market to a trillion-dollar industry, a surge that has led to a corresponding increase in the scope and size of the green building materials market, which is expected to reach $234 billion by 2019,” according to the report that was conducted acorss 70 countries.

At present, there are more than 82,000 commercial projects participating in LEED, totalling more than 1.4 billion GSM of space worldwide with an additional 112,000 residential units that have been certified under LEED homes. An estimated 170,000 GSM of space achieves LEED certification every day in more than 162 countries and territories across the globe.

Reff: http://realty.economictimes.indiatimes.com/news/industry/india-ranks-third-globally-in-leed-certified-green-buildings-with-2386-projects/56084087

Walls N Roof Comment The Real Estate sector in India is one of the major contributors of the National economy. The altered construction practices in line with green standards of constructions in Indian real estate sector has helped India to find its place in the International league of green buildings and green environment compliant countries. The initial standards of green construction practices has now extensively spread across to residential properties India as well. The major contributor to this change has been the IGBC. IGBC stands for Indian Green Building Council which is a part of CII (Confederation of Indian Industries since 1895) and was established in the year 2001. IGBC is actively involved in green building concept in India. The Vision of IGBC is “To enable a sustainable built environment for all and facilitate India to be one of the global leaders in the sustainable built environment by 2025″.

Various eminent Developers have been adopting environmental friendly practices one of them being Tata Serein at Thane. Multiple Civic bodies are also geared up for sewage management systems. Developers have a big role to play with responsible business. It is joint efforts due to which India currently ranks at the 3rd place in LEED ratings.

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