+
Residential buyers to pay more premium for green buildings
Real Estate

Residential buyers to pay more premium for green buildings

According to a recent report, residential buyers are showing a notable inclination to pay a premium of 5-10% for green buildings. This trend underscores a growing awareness and preference for environmentally sustainable housing options among consumers.

The study highlights a shifting mindset among homebuyers, who are increasingly prioritising sustainability and energy efficiency when making purchasing decisions. Green buildings, which are designed to minimise environmental impact and maximise resource efficiency, are becoming increasingly attractive to discerning buyers seeking eco-friendly living spaces.

The willingness of residential buyers to pay a premium for green buildings reflects their recognition of the long-term benefits associated with sustainable living. These benefits include lower utility costs, improved indoor air quality, and reduced environmental footprint, contributing to both personal well-being and environmental conservation.

Furthermore, the report suggests that the demand for green buildings is expected to continue growing as awareness of environmental issues and climate change increases. Developers who prioritise sustainability in their projects are likely to attract a larger pool of environmentally conscious buyers and differentiate themselves in the competitive real estate market.

As sustainability becomes a key consideration in the housing sector, stakeholders anticipate greater emphasis on green building practices and certifications. Developers and policymakers are expected to collaborate to promote sustainable urban development and meet the evolving needs and preferences of homebuyers seeking greener living options.

Overall, the report's findings underscore the growing importance of sustainability in the residential real estate market and highlight the significant role that green buildings play in meeting the demand for environmentally responsible housing solutions.

According to a recent report, residential buyers are showing a notable inclination to pay a premium of 5-10% for green buildings. This trend underscores a growing awareness and preference for environmentally sustainable housing options among consumers. The study highlights a shifting mindset among homebuyers, who are increasingly prioritising sustainability and energy efficiency when making purchasing decisions. Green buildings, which are designed to minimise environmental impact and maximise resource efficiency, are becoming increasingly attractive to discerning buyers seeking eco-friendly living spaces. The willingness of residential buyers to pay a premium for green buildings reflects their recognition of the long-term benefits associated with sustainable living. These benefits include lower utility costs, improved indoor air quality, and reduced environmental footprint, contributing to both personal well-being and environmental conservation. Furthermore, the report suggests that the demand for green buildings is expected to continue growing as awareness of environmental issues and climate change increases. Developers who prioritise sustainability in their projects are likely to attract a larger pool of environmentally conscious buyers and differentiate themselves in the competitive real estate market. As sustainability becomes a key consideration in the housing sector, stakeholders anticipate greater emphasis on green building practices and certifications. Developers and policymakers are expected to collaborate to promote sustainable urban development and meet the evolving needs and preferences of homebuyers seeking greener living options. Overall, the report's findings underscore the growing importance of sustainability in the residential real estate market and highlight the significant role that green buildings play in meeting the demand for environmentally responsible housing solutions.

Related Stories

Gold Stories

Next Story
Real Estate

Peninsula Land launches 19 luxury villas in Pune

Pune’s residential landscape is witnessing a shift as premium homebuyers increasingly seek larger spaces, privacy and independent living options beyond high-rise apartments. Addressing this demand, Peninsula Land Limited, part of the Ashok Piramal Group, has launched AshokVillas, an exclusive collection of 19 premium furnished villas in Gahunje, Pune.The development combines the independence of a standalone home with the convenience and security of a managed residential community. Designed around low-density horizontal living, AshokVillas offers residents private spaces while providing acces..

Next Story
Infrastructure Urban

MyBranch Expands South India Network with 16 Workspace Centres

MyBranch has expanded its South India presence with a 50,000 sq ft flexible workspace network comprising 16 centres across 14 cities in Andhra Pradesh, Karnataka, Tamil Nadu and Telangana.The expansion reflects growing demand for flexible office infrastructure as businesses establish regional teams, satellite offices and operations beyond traditional metropolitan markets. MyBranch’s network spans Bengaluru, Coimbatore, Guntur, Hanamkonda, Hubballi, Hyderabad, Madurai, Mangaluru, Rajahmundry, Salem, Tirupati, Vellore, Vijayawada and Visakhapatnam, with a large office space in Chennai also und..

Next Story
Building Material

Walplast Launches Moisture-Resistant Gypsum Plaster Solutions

Walplast Products Pvt. Ltd. has expanded its HomeSure GypEx portfolio with the launch of GypEx MoistShield and GypEx Gold, two gypsum plaster solutions designed to address moisture-prone applications and improve plastering efficiency.The new products have been developed in response to the growing demand for faster construction processes, improved material performance and consistent surface quality. The solutions aim to simplify interior plastering while addressing specific application requirements across construction environments.“Through HomeSure GypEx MoistShield and GypEx Gold, we are exp..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code