Why Buy A Property In A Green-Certified Building?
Property In A Green-Certified Building- In evaluating a building before making a purchase, “green” features are important to consider. Since the pandemic, the emphasis on sustainability, wellness, and health has become increasingly popular in the real estate industry. Green homes are becoming more and more popular among purchasers, and for good reason. The foundation of green buildings is sustainable design, which aims to improve material, energy, and water efficiency while minimizing the effects of these factors on the environment and human well-being over the course of a building’s lifetime. Evaluating a building’s “green” features is essential when thinking about buying a house, and certifications are one of the most trustworthy methods to determine a structure’s sustainability. Continue reading to learn all the advantages of purchasing a building with a green certification.
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Various green building certifications
The sustainability & performance of buildings is governed by a number of rating systems in India, including the following:
Integrated Habitat Assessment’s Green Rating (GRIHA)
The Ministry of New and Renewable Energy and The Energy and Resources Institute (TERI) worked together to design India’s own rating system, known as GRIHA. This system uses a thorough three-tiered process to evaluate green building ideas. Site planning, water conservation, energy efficiency, waste management, and maintaining a healthy living environment are just a few of the factors that go into determining a building’s GRIHA rating.
Council for Indian Green Buildings (IGBC)
The Indian Green Building Council was founded in 2001 as a division of the Confederation of Indian Industry (CII) with the goal of establishing an environment that is sustainable and open to everybody. By 2025, the council wants to establish India as a leader in the world of environmentally friendly building techniques. The IGBC is dedicated to promoting environmentally conscious real estate development, offering certifications, and expanding green building concepts & practices.
Environmental and Energy Design Leadership (LEED)
The Leadership in Energy and Environmental Design (LEED) system has been adopt by the IGBD in India. The LEED India rating system has been implement, with a primary focus on new construction projects. The LEED certification system for green buildings is widely accept worldwide. There are two primary steps in the certification procedure. Pre-certification is the first and is starts in the conceptual design stage. Pre-certification entails recording all of the actions that must be complete in order to achieve a particular rating as feasible. After the construction is finished, the second step is certification. In order to verify adherence to the designated green building standards, the certification body carefully examines all of the promises made during the pre-certification stage.
Advantages of Purchasing a Home in a Green-Certified Building
Purchasing a home in a building that has earned a green certification has several advantages. These consist of:
Water conservation
Given the severe water scarcity problems India has, water conservation is of utmost importance. Thus, in green-certified buildings, water resource preservation comes first. Usually, these environmentally friendly buildings use a variety of water-saving methods, which allow for the preservation and recycling of between 30 and 50 percent of the water used overall. Water metering, rainwater collection, and effective irrigation systems are a few of the techniques.
Energy conservation
Reducing natural resource consumption and adopting a more ecologically conscious lifestyle are directly correlate with energy conservation. Energy-efficient electrical & lighting systems must be incorporated into developer designs in order to receive green certification. These energy-efficient gadgets save a lot of energy—typically between 20 and 30 percent—by using a lot less electricity.
Waste management
Nowadays, the majority of green certification organisations mandate that green homes include an integrated waste treatment system on the property. Multiple families’ organic waste and disposable products are collect, reuse, or put to other uses by this system.
Efficient daylighting
Homes with green certifications are build to let in lots of natural light, which minimizes the demand for artificial lighting during the day. This results in cheaper utility bills in addition to health benefits.
Reduced energy costs
Because they prioritise natural light, green buildings usually save 15–25% on energy consumption. Energy-efficient walls, solar heating systems, and other design features help them accomplish these savings. The use of solar panels and natural light greatly lessens the need for CFL and LED lighting, which further lowers energy costs and usage.
Wellness and health
Green-certified homes put the health of their occupants first with features like constant air flow, natural air filtration from interior plants, solar chimneys, exhaust fans, and more natural light from strategically positioned windows and natural paints. This strategy reduces the need for electrical equipment for heating, ventilation, lighting, and other requirements, improving quality of life.
Standard of living
Using environmentally friendly materials like bamboo, structural insulated panels, recycled metal, and natural clay plaster, builders prioritise sustainable development. The quality of life is improve when eco-friendly materials, light-color interiors, and furnishings are use.
Cost savings
From the beginning of their construction to the end, green homes are made to use less water and electricity. Summertime is a peak period for energy usage, so summertime energy expenses tend to rise. By utilizing solar panels, rainwater collection, groundwater recharge with sustainable extraction, wastewater treatment and reuse, and solar lighting, green homes enhance natural light and air while limiting dependency on conventional electricity. Depending on how many energy-saving elements are include in the project, these actions can result in large monthly bill reductions, usually between 20% and 30%.
How do green-certified buildings help you save money?
Significant cost savings are realize by individual residences house in green-certified buildings. These savings sum up as follows:
Savings on electricity costs: Usually, residents can reduce their power bills by 15% to 25%. This is accomplish by making the most of natural light, utilizing solar-power heating systems, and adding energy-saving roofing and walls.
Water bill reduction: Water processed by sewage treatment plants (STPs) and low-flow fixtures can cut water bills by 10% to 20%.
Energy & water savings: In India, green homes provide 40–50% energy savings and 20–30% water savings over traditional construction.
Maintenance costs: Up to a 10% savings in maintenance expenses can be found in green-certified homes since they use recycle water for flushing and compost for gardening.
Savings on common area electricity: Energy-saving solutions, such as solar energy and LED lighting, result in notable drops in common area electricity costs. It can lead to a 70% reduction, depending on rooftop availability. With a three to four-year payback period, solar power can occasionally supply all of the electricity required for common areas, including lifts and pumps.
Rainwater harvesting: More than 75% of rainfall is collect to replenish the groundwater table, reducing the need for water trucks and fostering self-sufficiency in water.
Waste segregation: Selling extra compost and valuable recyclables might bring in an estimate Rs 2,000 per unit annually if 100% waste segregation is achieve.
Note:
Households can anticipate saving between Rs 2,000 and Rs 8,000 per month or between Rs 25,000 and Rs 1,00,000 annually, depending on their monthly expenses (for water, electricity, and community upkeep). The fact that green homes have reduced ownership costs is partly due to these large savings.
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