The Green Building Congress has set a target of having 50 per cent of built up environment in India being green by 2025 after the addition of addendum number one in the National Building Code (NBC).
Speaking on the sidelines of the curtain raiser of Green Building Congress 2013, chairman of Indian Green Building Council Prem C Jain said that once the green building component was added to the NBC before 2015, all buildings in the country would have to be certified green before getting the completion certificate.
He said the revised National Building Code was expected to be ready in the next six months and was likely to take a year to be implemented. The Code will be called ‘Approach to Sustainability’. IGBC expected that by 2025, 40 billion square feet built up space in the country would be green.
Jain says IGBC signed a memorandum with the National Housing Bank to finance the green projects at a reduced rate of interest. Currently India has 1.65 billion square feet built up green space of the 30 billion built up square feet from ancient times till now. Another 80 billion sq ft built up space will be added by 2030 of which he expected 50 per cent to be green building.