banner banner

Stay Up-to-Date with Our Blogs & Articles

The texts on this website have been translated using an automated translation tool and its accuracy cannot be guaranteed. We recommend referring to the English version of the content for the most precise information. In the event of any disputes or inconsistencies, the contents in the English language shall be considered final and binding. IIFL HFL disclaims any liability or responsibility in this matter.
Go Back to Main blog page

Challenges Green Buildings Face In India

By IIFL Home Loans | Published On Aug 27 2018 3:15 PM 2 min read 223 views 4351 Likes
Challenges Green Buildings Face In India

Sustainable living is taking center stage buzz in the real estate market thanks to the advent of green architecture. More and more people are turning towards green homes since such home promote sustainable living and promise a better future. Although the latest technology and trends have played an important role in gearing up energy efficient homes, here are a few challenges or myths which green buildings face in India:

Myth About High Costs Involved:

There is a huge myth that costs to build green homes are higher than conventional homes. In fact, the truth is that green homes are cost-effective in the longrun. But, there is still a gap left between green architecture and potential real estate developers across the country. Lack of knowledge about benefits and pricing myth associated often leaves real estate developers in India ignorant towards green homes.

Lack Of Awareness About Administrative Support:

National Housing Bank NHB and HFCs such as IIFL Home Loan are working towards bringing together industry experts on a common platform to address developers on the benefits of green home in India. NHB is playing a significant role to promote affordable green housing in India. NHB has signed an agreement with Agence Franaise de Dveloppement AFD, France to implement the project called Sustainable Use of Natural Resources and Energy Finance SUNREF Housing India source:

Awareness In The People: Most of the people are still not aware of the benefits of green architecture and sustainable living, making them disinterested in the idea. Under Promoting Green Housing Refinance Scheme PGHRS, NHB will also provide refinancing support to eligible PLIs for their individual housing loans on green homes located in residential areas. This will reduce the cost of such homes while first time home buyers can also avail CLSS subsidy under Pradhan Mantri Awas Yojana.

To draw their attention towards making green homes, there has to be a collective effort of experts in green and sustainable infrastructure arena along with developers to succeed in achieving sustainable real estate in the country. Creating awareness among people about environmental consequences is important. Training camps, workshops, news broadcasts etc. can educate developers and end users on addressing the sustainable living in India.


apply loan

Quick and Hassle Free Loan Processing

green ad
Prelude to Building Green - IIFL Home Loan's Guide to Sustainable Affordable Housing
Download report

Disclaimer: The information contained in this post is for general information purposes only. IIFL Home Finance Limited (including its associates and affiliates) ("the Company") assumes no liability or responsibility for any errors or omissions in the contents of this post and under no circumstances shall the Company be liable for any damage, loss, injury or disappointment, etc. suffered by any reader. All information in this post is provided "as is", with no guarantee of completeness, accuracy, timeliness, or of the results, etc. obtained from the use of this information, and without warranty of any kind, express or implied, including, but not limited to warranties of performance, merchantability, and fitness for a particular purpose. Given the changing nature of laws, rules, and regulations, there may be delays, omissions, or inaccuracies in the information contained in this post. The information on this post is provided with the understanding that the Company is not herein engaged in rendering legal, accounting, tax, or other professional advice and services. As such, it should not be used as a substitute for consultation with professional accounting, tax, legal or other competent advisers. This post may contain views and opinions which are those of the authors and do not necessarily reflect the official policy or position of any other agency or organization. This post may also contain links to external websites that are not provided or maintained by or in any way affiliated with the Company and the Company does not guarantee the accuracy, relevance, timeliness, or completeness of any information on these external websites. Any/ all (Home/ Loan Against Property/ Secured Business Loan/ Balance Transfer/ Home Improvement Loan/ NRI Home Loan/ Home Loan for Uniformed Services) loan product specifications and information that may be stated in this post are subject to change from time to time, readers are advised to reach out to the Company for current specifications of the said (Home/ Loan Against Property/ Secured Business Loan/ Balance Transfer/ Home Improvement Loan/ NRI Home Loan/ Home Loan for Uniformed Services) loan.