Understanding the Cost of Green Buildings in India

With growing environmental concerns, green buildings have become a great option for homebuyers in India. These residential buildings have energy-efficient technologies and environmentally friendly systems like smart water control systems which reduce the general carbon footprint. However, many potential homeowners wonder if green buildings are a cheaper and more affordable housing option in India.

For potential buyers who want to invest in affordable housing options, it is crucial to understand costs, profits, and available financial alternatives. Let's dive in and find out if green homes are the right investment for your future.

Understanding Green Residential building

The concept of green residential buildings came to light in India due to increasing urbanisation, environmental considerations, and increasing energy costs. A green building is a house designed with energy efficiency and environmentally friendly resources. These buildings incorporate eco-friendly resources and energy-efficient systems to minimize their environmental impact. As a result, they not only benefit the planet but also improve the overall quality of life for their inhabitants.

Key features of Green Residential Buildings

Discover the essential elements that make green residential buildings sustainable, efficient, and environmentally friendly.

• Water conservation

  Facilities such as water protection include water harvesting systems, low-current floating fixtures, and water recycling units to help reduce water waste and promote sustainable life. Drip irrigation and recycling systems also optimize the use of water.

• Waste management

  Many green buildings have waste separation systems, composting pits, and recycling measures to reduce landfill waste and promote sustainable disposal practices. This helps to convert organic waste to livestock manure or biogas for domestic use.

• Sustainable materials

  Green buildings use environmentally friendly materials such as recycled wood, bamboo, and non-toxic paints. This reduces pollution and improves the air quality indoors

Green Residential Buildings costs

The cost of green buildings can be 10-20% higher than traditional houses due to the use of durable materials, energy-efficient technologies, and advanced building techniques.

The concept of green residential buildings gained prominence in India due to rising urbanization, environmental concerns, and increasing energy costs. They are often certified under Green Building Rating Systems such as IGBC (Indian Green Building Council) and Griha (Green Rating for Integrated Habitat Assessment), which set benchmarks for sustainability in residential projects.

How Green Residential Buildings an affordable option in India?

With rising environmental concerns and growing demand for sustainable living, green residential buildings are gaining popularity in India. But are they truly affordable? Let's explore the cost dynamics and financial benefits of going green.

Initial Investment vs. Long-Term Savings

• Green homes use environmentally friendly materials that combat pollution and reduce health risks like respiratory problems.
• Natural light and thermal insulation also create a comfortable environment. These features significantly reduce monthly utility bills, making them a cost-effective option.

Government Incentives and Green Financing

• The government of India supports green housing residential projects with policies and subsidies.
• Certification from bodies like IGBC (Indian Green Building Council) or GRIHA enhances eligibility for green financing options and home loan benefits.

Cost Comparison: Green Homes vs. Conventional Homes: A Quick Look

Financial institutions, like IIFL Home Loans, offer specialized home loans for eco-friendly housing projects. With tools like the IIFL Home Loan EMI Calculator, you can explore flexible repayment plans, making green homes an affordable reality.

Should you invest in a Green Home?

While green residential buildings may require a high investment in advance, long-term financial benefits like low maintenance costs, state incentives, and high resale prices make them an economically sound alternative. With increasing awareness and better financing options, green buildings are becoming increasingly accessible to homebuyers in India.

Wrapping Up

Shifting to green buildings is part of India's affordable housing initiatives, like the Pradhan Mantri Awas Yojana (PMAY). It is an excellent way to embrace eco-friendly living while managing costs effectively. With energy-efficient features and long-term savings, it's a win-win for your finances and the environment.

If you are looking to live sustainably with flexible financing options like IIFL Home Loans, owning an eco-friendly home is more accessible than ever. IIFL Home Finance offers green housing loans at discounted rates to customers. These loans not only reduce GHG emissions but also lower waste production, water use, and energy consumption.