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Green Real Estate for Consistent Development
The real estate sector is in dire need of development that lasts for a considerable period of time. In the past, there have been steps taken that have proved good for the growth of real estate, but only for a very small period of time. Also important is that all the states of the country move in one direction in terms of growth of the real estate sector. All states should take steps that can improve the present condition of real estate in the country. There are many cities in the country that have started to go green and hence have reaped the benefits but the others would just don’t follow the example.

There are many reasons that are stopping green development in the real estate sector, and one of them is the difference in opinion of the Centre and the states governments. It is but obvious that the manufacturers of green products and technology as well as the real estate developers need some financial motivation to invest their money as well as power. But with separation in thoughts of the Centre and states, no one is ready to take the initiative.

Now, from the consumers’ perspective, the real estate developers and the governments, both centre and states need to come up with plans to promote the benefits of green development in the long run. Most of the consumers are so worried about the initial costs of green buildings that just take their hand out of this investment. But, the blame in all of this also lies on the real estate promoters who are not capable enough to convince consumers about the long term benefits and to nullify their worries regarding the short term investments.

There is also a need for the innovative technological sector to join hands with the real estate sector. This will allow both these very important industries to flourish simultaneously, and will help in the growth of green development in real estate.

Another very important factor that can come into play is the promotion and implementation Energy Conservation Building Code (ECBC). Using this method can help in reducing the usage of energy, resulting in lower bills. Moreover, the ECBC only requires a few changes in building design and construction, and thus can be easily implemented.

These things can increase the demand of green real estate and can consequently help in the increase in development of more green real estate projects all over the country.

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