Real estate developers such as Nabil Patel of DB Realty have been able to profit from an influx of buyers in the market due to there being more transparency.

2.  The real estate sector is enjoying a boost
after the stagnant pause post many schemes
such as demonetisation and RERA. Real estate
developers such as Nabil Patel of DB Realty
have been able to profit from an influx of
buyers in the market due to there being more
transparency.

3.  Something extremely pertinent is being
discussed currently, in the light of the
environment. It has been estimated that the
real estate market is likely to double by 2022,
and the green building market is expected to
strengthen the industry even more. Green
living facilities have started to attract buyers
in various parts of the country. Reputed
developers are finding it in their interests to
install eco-friendly features for residents.

4.  The reasons behind this may be increasing
awareness and outrage, government
initiatives, and benefits to the environment.
The green building market is expected to
increase in value as well. Surprisingly, India is
one of the leading countries in the world in
terms of green homes. Green technology
projects are also being initiated, and India
stands second only to the US. The initiative
might be in the initial stage, but the trend is
expected to drive the sector in the future.

5.  This concept of sustainable living has impacted
residents in fundamental ways, and thus the potential
of sales is also high. However, experts say that green
homes make for only 5% of the upcoming projects in
India. One can only hope that this trend catches up
sooner and penetrates the country to a good extent.
The technologies that are employed in green
buildings often prove to be economical as well. They
enable rainwater harvesting systems, efficient waste
management systems and also solar enabled lighting
systems. From the very conception in terms of design
and construction to the maintenance processes,
everything falls in line with green-living principles.

6.  These homes can help to a great extent, in contributing to the
ecological balance, emphasizes Nabil Yusuf Patel. Energy
consumption can be reduced significantly and water wastage can
also be minimised. Recycling will lead to waste reduction, and all
of these points will play a small but important role in fighting the
destruction of our planet.
 Green buildings may cost around 15% more than conventional
buildings, but they are certainly the need of the hour and the
benefits, short-term and long-term, definitely outweigh the
costs. Low costs of operation, health benefits and positive
actions surely cover the cost. With populations growing at an
exponential rate, it is important to promote sustainable living
options and ensure that the real estate sector reduces the
exploitation of the earth.

