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Green buildings making financial sense, Mr Arnab Roy - NCGD 2013

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Mr Arnab Roy, Executive Director, National Housing Bank during Green buildings making financial sense, National Conference on Green Design 2013

Mr. Roy highlighted the rapid scale of urbanization that is taking place in India and pointed out that the housing demand is to increase manifold. It would therefore be important to ensure that energy saving active and passive measures be incorporated into these new and upcoming urban buildings. He then went on to highlight the financial benefits that introduction of these measures might have. He said that although such measures increased upfront costs by about 1.8 times, they result in benefits of over 10 times during the lifetime of the building. These benefits accrue to the house owner/end-user directly.

Though the National Urban Housing and Habitat Policy, 2007 the Government started to address the need of green buildings and the National Housing Bank, formed through the National Housing Bank Act, 1987 has been empowered to ensure that mandates of the policy are taken forward. The Bank, which regulates the housing loans to Housing Finance Companies in India through appropriate loan structuring, has been trying to promote the energy efficient developments for the projects it is involved in.

The National Housing Bank has also recently introduced a refinance function in association with KfW, Germany under its program for energy efficient buildings. Through this, a line of credit from the German Bank to the tune of Euro 50 million has been granted for energy efficient housing projects in India. Technical grants of Euro 1.5 million for this purpose have also been announced. Already Euro 28.73 for re-finance projects have been sanctioned based on the TERI-Fraunhofer institute tools of assessment.
He brought out the importance of raising awareness on the issue of green buildings among the developers and said that their concerns must be addressed to be able to promote green buildings. Better metrics to capture the actual savings from greening buildings should be publicized he felt. He concluded by saying that the Government has taken up green buildings as a priority.

ADaRSH along with The Energy and Resources Institute (TERI) and Ministry of New and Renewable Energy (MNRE) is organizing its flagship event the National Conference on Green Design 4th edition in New Delhi on 14-15 February 2013.

The two-day conference is held annually in New Delhi and is attended by over 450 professionals from different disciplines like architecture, engineering, construction companies, financing institutes etc. This year's conference has been designed and organized for deliberations on issues pertaining to green urban development. The conference aims to bring together pioneers in the field of green buildings, including policy makers and researchers together on one platform to share their experiences and view-points on the way forward for green habitats. On the sidelines of the conference, an exhibition showcasing green building materials, technologies and upcoming green projects will also be held. Industry stakeholders and green building design consultants are expected to participate in the exhibition.

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