Green Housing Complex Gaining Popularity

May 2, 2009	(Be the first to rate this story!)  Loading ...
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A New Delhi-based developer, 3C, has announced two green residential projects in Noida this year at a budget of Rs 2,600 crore. Siddha Group, a Kolkata-based realtor, is developing a green housing complex, Xanadu, in Kolkata. In Mumbai, Mahindra Lifespaces is developing a green project Mahindra Splendour in Bhandup. At a time when the real-estate sector is passing through a trough, the concept of green buildings is catching on among developers and buyers. This is because of two factors: growing environment consciousness, and lower cost of operation of these buildings. With the cost of energy rising, the demand for such buildings is expected to rise in future. Sachin Sandhir of the Royal Institute of Chartered Surveyors (RICS), a London-based realty institution that trains realty professionals, says, “With green buildings, real-estate professionals are helping to improve the quality of urban life in Indian cities.”

Green Data Center 5 Cost-Effective Steps to Building www.HDS.comGreen Building Insurance Green Commercial Property Insurance www.FiremansFund.comReal Estate India Buy/Sell/Rent Property in India. 99acres.com Ads by Google The 3C Group is developing two projects, the first consists of 500 luxury flats spread over 40 acres in Sector 100, Noida. The other green residential project will be a 57-acre luxury development with a nine-hole golf course and a health spa in Greater Noida, which will be launched in the fourth quarter of 2009. It will offer 100 luxury villas ranging from 1,000 to 3,500 square yards.

In Siddha Group’s project in Kolkata, energy-efficient equipment will be installed, as recommended by the West Bengal Green Energy Development Corp, a state government enterprise set up to promote environment-friendly construction. Xanadu will have 314 studio apartments, each with around 600 sq ft area. Located at Rajarhat, this showpiece township of the West Bengal government will have low-carbon emission as its unique selling proposition. About 15 per cent of the energy used in these apartments will come from renewable sources. Siddha Group’s joint managing director Sanjay Jain says they would install green energy equipment in the building following the guidelines of the Green Energy Corp.

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