‘Sop for green realty to help cut emission’

Kolkata: Green buildings in residential space should be incentivised by the government to reduce carbon emission, feels Anuj Puri, chairman and founder of Anarock Property Consultancy.
Addressing a webinar ‘BCC&I Infra and e-Conclave’, Puri said 39% of carbon emission comes from real estate. A lot of green buildings are coming up in the office space area but the number is very low in residential areas.“If we go by the data, 16% of the real estate industry in India is occupied by offices while 84% is residential. A lot of clients are making developers go for it and they are ready to pay extra for this. But in residential space, the need is absent. Office buyers are more conscious about green buildings,” he added.
Experts feel that incentives like additional floor area ratio or tax incentives can be given by the governments to promote green building in residential space. Puri also stressed the need for bringing a policy for rental housing. “Globally, PE (private equity) funds invest in rental housing and even in affordable residential space.”