Benefits of Going Green
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.
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.
Third Party Endorsements
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.
Positive Image & Goodwill
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.
Buyer Comfort Attractions
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.
Enhanced Asset Valuation & Profits
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.
Applicable Rating Systems
GRIHA FOR LARGE DEVELOPMENTS
GRIHA FOR EXISTING BUILDINGS
GRIHA FOR AFFORDABLE HOUSING
IGBC Green New Buildings
IGBC Green Existing Buildings
IGBC Green Residential Societies
IGBC Green Affordable Housing
IGBC Green Resorts
IGBC Green Logistics Parks and Warehouses
IGBC Green Campus
GEM Sustainable New Buildings
GEM Sustainable Existing Buildings
GEM Sustainable Factory Buildings
International & Global