Things to know about Indian Green Building Council | Kotak Mahindra Bank - Home Loan Stories

The emergence of concrete jungle has made it imperative to find ways to include sustainability in homes and offices. Sustainable buildings are energy-efficient, environment-friendly structures and are designed to optimise the resource in construction. Sustainable housing helps reduce your carbon footprint and helps you contribute to the conversation of the environment and the planet.
To further promote green homes and sustainable construction, the Confederation of Indian industry formed the Indian Green Building Council (IGBC). Continue reading to know more about IGBC.

Indian Green Building Council

Founded in 2001, the Indian Green Building Council is a non-government organisation formed as a part of CII. The IGBC aims to have around 1000 crore sq ft of sustainable footprint by 2022. Its vision is to “Enable a sustainable built environment for all and facilitate India to be one of the global leaders in the sustainable built environment by 2025”.

The council provides services like certifying green buildings, developing new green building rating programmes and, conducting green building training programmes, and IGBC membership. Its roles also include collaborating with state and central governments, bi-lateral multi-layered agencies and the World Green Building Council to promote environmentally friendly and green building concepts.

What are green homes?

Green buildings optimise the usage of natural resources like raw materials, water and energy. They generate a minimum quantity of non-degradable waste and are equipped to consume minimum non-renewable energy. They are designed to accommodate technologies like cooling systems and lights with sensors to automatically adjust the room temperature and lighting, which saves energy. They are also equipped with technological advancements like smart lighting systems and air-based flushing systems in toilets to avoid water wastage. Also, energy-saving appliances like LED’s and CFL’s are used in such buildings to ensure maximum conservation of energy.

Benefits of green buildings

These green buildings are sustainable and planet-friendly. They have no or minimum wastage and have no emission of carbon dioxide or other harmful gases. These homes are designed by architects to utilise natural resources to the fullest without generating waste or harming the environment. Moreover, as they use minimum energy, it helps you save money and reduce wastage.

Rating systems for green building

The rating system based on five elements of nature: earth, water, fire, air, and space (Panchabhutas). The three primary rating systems for green buildings are:

  • Green Rating for Integrated Habitat Assessment (GRIHA),
  • Indian Green Building Council (IGBC), and
  • Bureau of Energy Efficiency (BEE).

The process of defining the rating is different in all the three systems. For instance, with these rating systems, the IGBC certifies that the building in question incorporates sustainable practices and ensures energy saving without harming the environment and the planet. IGBC provides different green ratings for different types of construction projects like IGBC Green New Buildings, IGBC Green Existing Buildings, IGBC Green Railway Station, etc.

Having green homes and adopting sustainability is the need of the hour when the environmental changes are altering the weather conditions significantly. Having a green home and adopting an environmentally friendly lifestyle is the least that can be done to contribute to the preservation of the planet. Whenever you plan to buy a house, opt for a green home to reduce your carbon footprint. Now, when you know the importance of green homes, head over to the home loan section and apply for home loan with Kotak Mahindra Bank today.

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Disclaimer: This Article is for information purpose only. The views expressed in this Article do not necessarily constitute the views of Kotak Mahindra Bank Ltd. (“Bank”) or its employees. Bank make no warranty of any kind with respect to the completeness or accuracy of the material and articles contained in this Newsletter. The information contained in this Article is sourced from empaneled external experts for the benefit of the customers and it does not constitute legal advice from Kotak. Kotak, its directors, employees and the contributors shall not be responsible or liable for any damage or loss resulting from or arising due to reliance on or use of any information contained herein.