As a developer you are taking the risk of investment in land, construction and the sales process. It is imperative that your investment is protected at each stage and delivers value for your customers. In addition to numerous financial incentives, there is a strong case for customer trust and loyalty through validated claims on the performance of your product. A third party can certify the technical superiority and occupant friendly features of a project.
Greening for a plot of area above 5000 sq.m gets government incentives regarding FAR.
Most development authorities give 1% to 5%+ additional FAR free of cost to certified green buildings as per their respective norms. Compliance is relatively easy as a consultant such as ecoinch takes care of all the necessary documentation. This one incentive is sufficient to make a business case to go green as a developer. The cost of compliance is marginal as compared to the additional inventory that can be constructed and sold.
Everybody is adopting green and is becoming a benchmark soon to be mandatory in the field.
Green building certification is now an industry benchmark that most developers are offering as a standard feature on all projects. Clients are able to spot the projects where these are not offered and can associate a lower ranking with the project or the developer. On the other hand, projects with a host of features that establish the superiority of the asset – with proof are bound to put the project ahead of competition.
Health & Comfort Features
Buyer Comfort Attractions
Greening offers occupant comfort and satisfaction which could result into increasing the demand.
Not just the standard features, what else is the developer offering its buyers – this is the question on the minds of many buyers as the market is becoming more demanding. Adding features related to the increase in comfort and performance of your projects will attract the new generation of buyers who are looking for trendy features as well as experienced buyers who want their assets to deliver more.
Positive Image & Marketing Goodwill
Greening is an environment friendly initiative and has a positive impact on customers.
In the process of buying a property, people research not just the project, but also the company, the team and who is saying what about them all. This is where the credibility of as many third parties as possible should be on your side. Professional bodies ranking your project higher has a positive impact on your image and goodwill.
High Performance Building Features
Enhanced Asset Valuation & Profits
Greening reduces the cost of construction of the building but increases the value of building.
With a host of additional features that improve the quality of the asset as well as make it perform better and more efficiently, the valuation of the asset is bound to go up. Banks and other financial institutions acknowledge these upgrades and assign a higher valuation to the asset overall and to individual buyers in your project, thereby ultimately increasing the cash flow of the project.
Third Party Endorsements
Greening differentiates you from others and puts you in a highlighted space because of its features.
Playing your own trumpet has its benefits, but having others praise your project is the real test of its quality and value for money. An established green building certification agency gives a rating to projects, and buyers are able to associate the same credibility to your projects.
Indian Green Building Council (IGBC)
- IGBC Green New Buildings
- IGBC Green Homes
- IGBC Green Residential Societies
- IGBC Green Affordable Housing
- IGBC Green Resorts
- IGBC Green Campus
- GRIHA FOR LARGE DEVELOPMENTS
- GRIHA FOR EXISTING BUILDINGS
- GRIHA FOR AFFORDABLE HOUSING
US Green Building Council (USGBC)
- LEED BD+C
- LEED ND
- LEED Zero
- GEM Sustainable New Buildings
- GEM Sustainable Existing Buildings
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