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Vizag still to wake up to green building concept
Real Estate

Vizag still to wake up to green building concept

Though the green building concept is fast catching up in India, it has failed to take off in Visakhapatnam, the Port City, which is touted to be the second largest investment destination in Andhra Pradesh.

Industry sources said that though a slew of construction projects are coming up across Vizag, no green building has been planned either by the private or government sector.

According to experts, misconceptions regarding the cost of constructing green buildings has been the biggest deterrent to companies taking up the eco-friendly solution.

A consulting engineer K Leela Prasad said that compared to non-green buildings, the cost of construction for green structures increases by about 10 to 12 per cent. In addition, the buildings need to have skilled staff to maintain the standards set by the Indian Green Building Council (IGBC) once the construction is complete, he added.

However, he pointed out that while the concept of green buildings would not be economically sustainable for residential apartments, it would result in long-term savings for privately-owned commercial complexes, hotels and hospitals setting of the initial higher costs.

Though the green building concept is fast catching up in India, it has failed to take off in Visakhapatnam, the Port City, which is touted to be the second largest investment destination in Andhra Pradesh. Industry sources said that though a slew of construction projects are coming up across Vizag, no green building has been planned either by the private or government sector. According to experts, misconceptions regarding the cost of constructing green buildings has been the biggest deterrent to companies taking up the eco-friendly solution. A consulting engineer K Leela Prasad said that compared to non-green buildings, the cost of construction for green structures increases by about 10 to 12 per cent. In addition, the buildings need to have skilled staff to maintain the standards set by the Indian Green Building Council (IGBC) once the construction is complete, he added. However, he pointed out that while the concept of green buildings would not be economically sustainable for residential apartments, it would result in long-term savings for privately-owned commercial complexes, hotels and hospitals setting of the initial higher costs.

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