Green projects

While everyone loves to save money every month, most people don’t like sacrificing their lifestyle for them to do so. A green building approach can help you save 30% on your electricity bill without having to compromise on your lifestyle. The electricity bills for green projects will be lower. You can enjoy lower utility bills and minimal maintenance costs as a green property owner.

Green buildings may seem more expensive than they are, but the long-term benefits of lower operating costs and maintenance costs will outweigh any perceived disadvantages. Operating and maintenance costs account for between 80-90 per cent of the total cost to own a building. A green building can be recovered at least 50-55% of its initial premium in energy costs within five years.

There are many benefits to green buildings

There are many benefits to green buildings. The most immediate benefit is the reduction of water and operating costs. These features are also proving to be more valuable in terms of higher rental rates, higher sales prices, and lower operating costs. However, these facilities can also lead to higher construction costs. This is why green buildings are more expensive to build than normal buildings.

Green certified projects must meet certain requirements to qualify.

The projects must include certain features such as fly ash bricks for pollution reduction, high-performance reflection glass, energy conservation lamps (led light), water recycling, and rainwater harvesting facilities. The construction costs will rise due to these additional measures. The design phase must include the basic green features which can influence the buyer’s decision.

  The project can add these facilities at the cost of 51-55%. Because of their meticulous planning, some builders claim no increase in the initial project cost.

Criteria for Green projects

Although some accessories and fixtures, such as ultra-low-flow toilets, low flow sinks, and showerheads, can be expensive, once the building is complete, one can enjoy lower water consumption (by nearly 50%). These features may also allow you to receive additional incentives, such as lower property taxes, as determined by the local municipal administration.

 Union Bank of India recently included the cost of installing a solar panel in the house construction costs. This public bank promotes the “go green” concept. It is possible to reduce your home’s power consumption by as much as 50%-60% by using energy-efficient appliances and appliances that are powered by renewable resources like solar power. It is important to design the layout of the project and the individual buildings to ensure the best use of natural resources and sunlight. This will also help reduce your power bills.

Ratings for Green constructions

A green project rating is about energy-efficient or water conservation and passive architecture and optimal use of natural resource recycling plants. Based on the different parameters, projects are rated platinum or gold, while silver is the highest.

A house with a platinum rating will have a construction cost that is typically higher by 5-10%, while houses with a gold or silver rating will cost you 3-8% more. Due to the lower operating and maintenance costs, the premium paid for these projects is usually recovered within 3 to 5 years.

Green Buildings: Should You Invest?

National Building Construction Corporation Limited promotes green building concepts through its residential projects. If you’re looking to acquire a home for your personal use, there is no doubt that a green project will be a huge benefit. But is it a wise proposition to invest in a flat in a green building? The concept of green buildings is still in its infancy. You need to choose your projects carefully. Some experts believe that green projects have higher rental rates and can get a better resale price by up to 5-25%.

Others, however, have a word of caution. Because of lack of awareness, it might be necessary to wait longer for a good price. This is because other projects will offer a 10-15% discount compared to green projects. It might not be a wise idea if you are looking to make quick cash. Green buildings are gaining popularity because of their financial benefits.