The latest development in the real estate industry in Kolkata has been the rise in the construction of ‘Green’ buildings. These buildings optimise energy efficiently, produce less waste, use water conservatively, preserve the environment and provide healthier living spaces for occupants.
There are many reasons for going ‘green’ in the real estate market, one being the reduction of energy usage within the premises. Green buildings often feature special windows and insulation in the walls which help to reduce overall energy consumption. Solar design is another feature incorporated by architects which provides shade to porches and windows during summer and enhances solar lighting and heating during the winter months. This is optimising the use of solar power in the building.
Constructing a green building does come at a higher cost compared to conventional buildings. Experts believe that this higher one-time cost is negated by savings provided in the operating and maintenance costs during the life cycle of the building.
Green buildings for a greener future
According to the IGBC (Indian Green Building Council), there are more than 260 green certified buildings in India with a majority of them being developed in Bengaluru, Chennai, Gurgaon and Pune. The number of green buildings in Kolkata are lower compared to the other cities but several real estate developers plan to construct more green buildings in the city and its outskirts.
These buildings would cater to both residential and commercial buyers. Studies have found that productivity levels of staff working in a green building/office is 12-15% higher when compared to the productivity of staff in conventional office buildings. The attrition rate for workers in a green office has been found to be 20-25% lower compared to conventional office spaces.
Residential projects attract buyers through a host of features, the most marketed feature is the open space in a green complex. These regions are landscaped with various plants and trees which provide residents with an area to relax in. Most complexes in the city feature 2 and 3 bedroom flats while some of the projects go the extra mile by providing the option of duplex flats, which are normally located on the top two floors of a building.
Facilities like jogging tracks, recreational clubs, swimming pools, parking spaces and community halls are provided in most residential complexes being built in Kolkata. Green buildings however have an added advantage of lower operation costs for the developers and lower energy bills for the residents.
The savings provided to residents and real estate developers coupled with the marketability of a project being termed as ‘Green’, is the way forward for the city of Kolkata. Currently the number of green buildings might be on the lower side, but this scenario is expected to change in the near future.
One of the leading players in the real estate market, Ideal Group takes pride in its rich portfolio of world-class ongoing and upcoming residential projects in Kolkata. The Group has truly embodied their tagline “Pillars of Trust” and won the trust of countless customers.