Posts Tagged green building

The Green Code for Buildings

eco-friendly home atoneplaceGreen building is the exercise of enhancing the effectiveness along with which any of the buildings and their sites utilizes energy, water and materials, and decreasing building effects on the health of human body and the environment during the complete life cycle of the building. Green building concepts are not just confide till the building walls but have extended its arms to site planning, community and land use planning issues as well.

Human growth and development has a significant effect on the natural environment around. The factors that are responsible for the consumption of natural resources include manufacturing, design, construction and operation of the buildings in which we live and work.

There are some rating systems founded on prevailing national and international “building codes” like regular codes such as the Energy Conservation Building Code (ECBC) and the National Building Code. One of the rating systems is the Leadership in Energy and Environmental Design (LEED). This rating system was created by the United States Green Building Code (USGBC) and now conformed by the Indian Green Building Council (IGBC).

In India, the organization called TERI has built its own independent rating system called the Green Rating for Integrated Habitat Assessment (GRIHA). This rating system has been supported by the Ministry of New and Renewable Energy, Government of India.

All these rating systems assist in evaluating the green proportion of buildings with nationally/ internationally admissible standards. Normally there are ratings scales to decide whether the constructed building should be given a 5 star rating for saving the environment, or lesser such ratings.

The ECBC, as developed by the BEE under the Ministry of Power, facilitates in converting an air-conditioned building energy efficient. Although, it doesn’t help out in categorizing a building as green as there are lot many factors involved other than power conservation which should be taken into account. Factors like water and waste management, renewable energy applications, low embodied energy materials usage also need to taken into consideration prior to name any building “green”.

eco-friendly home atoneplaceEnvironmental Advantages

  • Enhance and protect biodiversity and ecosystems
  • Enhance air and water quality
  • Decreases waste streams
  • Conserve and restore natural resources

Economic Advantages

  • Reduce operating costs
  • Improve occupant productivity
  • Enhance asset value and profits
  • Optimize life-cycle economic performance

Social Advantages

  • Enhance occupant health and comfort
  • Improve indoor air quality
  • Minimize strain on local utility infrastructure
  • Improve overall quality of life

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Real estate rating systems likely to introduce transparency

indian real estate atoneplaceCrisil, the credit ratings agency, of late introduced the real estate ratings in India. The market analysts believe that this rating system will help customers to get complete information of the project before buying a house. It is likely to unleash more transparency in the Indian real estate segment and will be offering the details on a project-explicit basis. This rating system will work on the scale of one to seven stars once all available apartment options in the city are compared. The credit rating agency said that the system works on the information provided by a developer to them thus offering right to use varied information required for assessment.
The agency takes into consideration all the parameters set by them and then rates the project. After the builder agrees to the rating offered by the agency, then they go public with the rating and project analysis that will be free for end users. The parameters considered are the record of the developer, the infrastructure he is constructing, finishings, timely completion, cost overruns, pro-sales service, legal issues like property title, and project innovations such as green buildings. The agency will offer the rating of a certain project halfway through the project construction process and will have a close watch on the said project till completion, through which it can also be revised. Numerous rating agencies are introducing real estate rating systems. Fitch is the real estate agency that has been active since couple of years in the international real estate sector.indian properties atoneplace
Discussing the necessity of such rating system and their practicality, developers opine that an overall evaluation of real estate projects will help end users to the best and spot class projects available in a particular city. Such real estate ratings should preferably offer a complete valuation of all project related risks that will influence the quality of the project. If these ratings are done meticulously then they will surely bring in more transparency in the Indian real estate system facilitating the buyer to take a more informed choice. This rating system will also work in the favor of the builders who mainly focus on quality and will present their standing in a different light. Normally buyers face scarcity of information when looking forward to buy a house but such impartial ratings will surely help them to finalize their decision. Even the real estate agents think that this is a very good system and an optimistic move towards introducing professionalism in the Indian real estate sector.
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