In order to encourage construction of Green Buildings in the whole state, the Maharashtra Government is formulating a policy that will cover both commercial as well as residential buildings. A Govt. resolution has already been passed related to this policy on November 6.
According to the resolution, Building industry accounts for 40 percent of global energy and water consumption and almost 48 percent of solid waste is generated by building inhabitants. The need of the hour is to construct such buildings in an environment-friendly manner as we primarily depend on fossil fuels for energy requirement.
The resolution also states, “The green concept and techniques are aimed at achieving energy efficiency, effective waste management and ensuring that minimum stress is put on natural resources. The real benefit of green buildings is reduction in water and energy consumption from day one of occupancy,”
However, the intangible benefits include enhanced air quality, excellent day lighting, health and well-being of occupants, safety benefit and conservation of scarce natural resources.
The state Govt. wants to encourage more and more developers to construct such buildings, for this, they have decided to provide incentives in the form of rebate in development charges. “The rebates will be given on the basis of rating of TERI-GRIHA (Green Rating for Integrated Habitat Assessment) ratings and Green Business Certification -Leadership in Energy and Environmental Design (LEED) ratings. There will be 2.5, 5 and 7.5 percent rebate for three, four and five-star ratings of TERI-GRIHA and 2.5, 5 and 7.5 percent rebate for silver, gold and platinum ratings of GBCI-LEED.” added resolution.