Boost for Green Buildings in India

THE International Finance Corporation (IFC), and the Confederation of Real Estate Developers' Associations of India (CREDAI), have partnered to promote green buildings in the country through IFC’s EDGE certification.

EDGE stands for ‘Excellence in Design for Greater Efficiencies’, and is a standard that focuses on energy and water efficiency in buildings. Fast, easy to use, and affordable, EDGE empowers builders and building-owners to choose environment-friendly technical solutions while reducing costs and enjoying savings.

CREDAI will encourage its members to incorporate energy and resource efficiency in their design using EDGE. To qualify for the certification, these efficiencies must result in savings of at least 20% in energy, water, and materials over the local standard practices. IFC will train members and share global best practices and knowledge with CREDAI on green building technologies.

By 2050, India will be home to 1.6 billion people and most of this growth will come from cities, where the residential needs will double. This rapid expansion in construction would require buildings that are less resource-intensive yet meets the aspirations of today’s growing middle class.

“Green buildings are a compelling need and IFC will be working in this fast growing Indian market,” said Serge Devieux, IFC’s Regional Director for South Asia. “We aim to help builders introduce cost-effective green features into their designs and work with financial institutions and the government, to support their widespread adoption.”

Picture of New Delhi by Kabi1990 reproduced under CCL.

Monday 1st December 2014

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