Green building in India to grow 20 pc: Report

The US Green Building Council (USGBC) has announced the results of the Dodge Data & Analytics World Green Building Trends 2016 Smart Market Report, on which the USGBC is a contributing partner.

According to a press release, the report finds that by 2018, the green building industry in India will grow 20 percent driven largely by environmental regulations and demand for healthier neighbourhoods.  New high-rise residential, communities and mixed-use development are expected to be the top three sectors for green building growth in India.

The report, conducted in nearly 70 countries, also demonstrates that global green building continues to double every three years.

“International demand for green building, due in great part to the LEED green building program’s global popularity, has grown steadily over the years,” said Rick Fedrizzi, CEO and founding chair, USGBC. “As countries like India continue to urbanize at a breathtaking pace they need the necessary tools that support stable and sustainable economic growth”, he said.