Green Homes – Still Waiting for Green Shoots of Revival

• Most projects seeking ‘green building’ tag are commercial spaces; a mere 5-7% of overall green building stock is residential • While a green home results in 30-40% savings on energy and water bills, they are at least 10-15% costlier • Govt. push is towards affordable housing; sustainability and affordability are not on the same end of the pricing spectrum • Currently, ecologically degrading developments are the mainstay of Indian real estate