Green building industry will grow by 20 per cent in India in the next three years, mainly on account of environmental regulation and rising demand. According to reports from the USGBC, by 2018, the green building industry in India will grow by 20 per cent driven largely by environmental regulations and demand for healthier neighborhoods. New high-rise residential, communities and mixed-use development are expected to be the top three sectors for green building growth in India.
Increase in consumer demand has 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 material market, which is expected to reach USD 234 billion by 2019. India holds promise when it comes to green buildings. The country secured third position this year in the US Green Building Council (USGBC) annual ranking of the top 10 countries for LEED (Leadership in Energy and Environmental Design), a green building rating system.
Green buildings are being considered as the modern day architectural marvels because of their potential to protect environment and transforming real estate market substantially. As per the industry estimates, for the new buildings, India’s green building market is projected to be in the range of US$ 30 Billion to US$ 40 Billion.
The need of the hour is to ensure that there is a robust system certifying green credentials as well as active participation by the government, builders and citizens in order to build structures that are both eco-friendly and responsive to citizen needs.
With an objective of propelling the movement of Green buildings in India Nispana proudly announces the 8th Annual Sustainability in Design & Construction India (SICI). We are dedicated to transforming the market and changing the way the people all over the world experience buildings.
Dates: 17 - 18 August, 2017
Venue: Vivanta by Taj, M.G. Road, Bangalore