How is recession good for Green Building?

Before you start wondering about the link between the two and chalk out a proper correlation map to evaluate the relation between the two, let’s understand what a green building is. As per the Indian Green Building Council , A Green Building uses less energy, water and natural resources, creates less waste and is healthier for the people living inside compared to a standard building. In simpler words it is a building which does not harm the environment during its span.  A Green Building has a two way advantage. Other than being environment friendly a Green Building conserves the health of its inhabitants. It also saves on the cost of the raw materials, energy, electricity and water thereby reducing the operating expense of the builder.

Buyers nowadays are showing an inclination towards Green Homes as compared to ordinary apartments.  A few Hyderabad builders have been proactive to assess the advantages of a Green Home in the long run. Aliens Space Station 1 at Tellapur is one such project by Aliens Group which has also received the highest rating (Platinum) from IGBC as a pre-certification for complying with the norms of a Green building. The project boasts of environment friendly features right from the stage of construction.

The project has ensured CFC free equipment and used equipments which enhance the energy performance. The captive power generation, lighting and energy efficient equipments have ensured energy efficiency. Separation of wastes, Waste Reduction during construction, Material with recycled content, Local Materials Wood based materials and furniture are some of the measures being taken by the builder to reduce  a negative impact on the environment.  Besides, measures have been taken to control the internal air. Tobacco smoke control, Day lighting, Exhaust systems, Low VOC materials and Building flush out methods are some of them.

The builder has also ensured that people living in the project save money by saving about 25% on electricity bills and water bills as well.  So it’s not only about feeling good in a new home which ensures that you live in a hygienic environment but also gives you your peace of mind that you are doing your bit to save the environment.  Aliens Space Station 1 is one of the first projects in Hyderabad that believes that they are not building anything at the cost of the environment. And this thought is expected to help the builder as well as the buyer in the long run during these times.

As realty sector goes through one of its worst days, consumers are looking for a value-for-money proposition while builders are looking for ways to reduce overheads. While doing so developers are careful not to compromise on quality.  Builders like Aliens Group have ensured that there is no compromise on quality of material used as well. Hence some builders are of the opinion that the economic downturn is rather a boon in disguise to the green realty sector because of technologies that reduce the operating costs of buildings.

Buyers for office spaces have also shown their preference for green buildings that will reduce costs to retrofit certain technology that can save energy, water and health in either air-conditioning, lighting, wall paints or the use of water. Many hotels, hospitals and offices, are beginning to see the advantages of managing waste within their premises, as this eliminates the cost of transporting waste.