The need and demand for energy efficient homes is increasing day by day. For home buyers good health, well-being, and sustainable efforts are more important due to the pandemic. Covid 19 has forced people to consider environment more. This also has significantly changed the way people look at real estate.
Whereas formerly variables such as ‘spending power’ and ‘luxury’ affected a house buyer’s selections, currently elements such as access to open and green areas, healthcare, and closeness to the workplace play an essential part when purchasing a new home. Energy-efficient homes are gaining popularity, and the notion has a strong hold on the imaginations of prospective home purchasers.
Developers like Atul Goel Pune, MD of Goel Ganga Group understand the need of green homes and adopting this at a very fast pace. This year 2022, many home buyers are paying attention to sustainable buildings. They are recognizing the importance of green homes, cost savings, and healthy living.
Ganga Altus in Kharadi by Goel Ganga Group incorporates sustainable features. The building use water efficiently, energy, use of renewable energy, recycled materials and building management systems. Green homes are important as they produce less waste and offer a healthier environment.
People aspire to live in a more environment friendly homes
Sustainability is no longer a niche market. Consumers, in fact, demand and expect it in almost every area of their life.
According to Atul Goel Ganga, Homebuyers desire and will pay extra for environmentally friendly amenities such as energy-efficient appliances, windows, and the like, as well as measures that assure improved air quality. As newer generations enter the housing market, this socially conscious demographic is searching for ecological features and built-in sustainability.
Green structures only 2% of new projects in India are green
The increasing housing industry in India is one of the largest contributors to the country’s carbon emissions, accounting for 22% of total yearly carbon emissions. Buildings contribute for up to 40% of overall energy consumption in India, with residential real estate accounting for more than 60%. As a result, it is critical to shift toward sustainable development for residential projects.
Advantages of green homes in 2022
Health and well-being
Due to Covid 19 crisis, respiratory problems are rising in the world. Green homes help to reduce these issues. It also encourages physical exercise, remove stress and increase productivity.
An eco-friendly or green home is a house that has a minimal environmental effect and is delicately planned and built with materials and technology that decreases the carbon footprint and requires less energy use.
Another key aspect of an eco-friendly house is water conservation. Rainwater harvesting, low-flow faucets, and water-efficient appliances all aid in water conservation in an eco-friendly house. The saved water can be utilised for non-drinking uses such as watering gardens, washing cars, or flushing toilets.
Smart technology is one of the most recent additions to eco-friendly houses. Using smart technology to reduce your carbon footprint is an innovative method to make your house more environmentally friendly, says Atul Goel Ganga Pune.
Both for the end user and the developer, it is beneficial to have green home. The additional cost of LEED certification is between 2% and 5% of the total cost of a construction. A developer can charge a premium for “Green Building” certification, and the customer will benefit from better resale value and rental returns as a result.
Green homes lower your utility expenses, minimize the environmental effect of buildings. It enables property owners to charge greater rents or achieve better occupancy rates.
Profitability implies sustainability. Green construction reduces power usage by 30-40%. As a result, lower power expenses will result in significant savings. The increased cost of incorporating green building features has a payback period of only 2-5 years, with significant savings in operational expenses.
Underrating schemes provide tax and premium reimbursements for buildings that satisfy specific minimal criteria; several states in India provide incentives to developers in the form of increased FSI for efficient structures at no cost, improving the value proposition for them.
Green building certifications may be added to a builder’s list of credentials to attract more consumers and investors, as well as generate interest in their projects.
“While developers are incorporating energy-efficient architecture, projects such as community-based biogas and afforestation have yet to see the light of day,” Atul Goel Ganga says.
“While the sector has taken moves toward more environmentally friendly structures, the emphasis has been on lowering operational costs. Decision-making should now turn to non-financial considerations, including an assessment of how it affects the environment and the future of our society,” adds Atul Goel.
Ensuring a more sustainable built environment – which accounts for up to 70% of total carbon emissions in cities – may result in significant improvements to air quality, chronic illness reduction, and improved health for those living nearby.
Real estate developers like Atul Goel Ganga may emphasize sustainable property features to benefit the environment.
Homebuyers are ready to pay extra for environmentally friendly amenities. They provide builders additional incentive to include these alternatives during the design and construction process. As newer generations enter the housing market, both as purchasers and renters, sustainability will remain a primary priority.