Incentivization of the Green Rated Projects by Government for Promoting Sustainable Development: Case Study of Indian States and Union Territories

Author: Anshul Jain and Ananda Babu K.

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Abstract

The developing countries are continuously witnessing the rapid urbanization. The infrastructural development is directly proportional to development of any nation. In this scenario it is equally important for any country to adopt sustainable or green building technologies. The incentives by the concerned government bodies are a great source of inspiration for any developer or owner of the project. In the current research work an attempt has been made to highlight the benefits of constructing a green rated project as per the guidelines of Green Rated Integrated Habitat Assessment (GRIHA), Indian Green Building Council (IGBC), Leadership in Energy and Environmental Design (LEED) etc. which are the most popular rating system of the nation. These rating system works streamlined as per the Indian government policies by adopting several measures in the design, operation, and construction of the projects. 17 states and Union territories of India are willingly providing incentives if the project has been certified as green by GRIHA, IGBC, LEED etc. About 25% of the proposals for smart city have inculcated green rating system. The current incentivizing schemes of the government will attract the attention of the remaining states and Union territories in India to promote incentivization of green rated projects

Keywords

Urbanization, Sustainable construction, Incentivization, Green rated projects, Low carbon emission

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How to cite this article

Anshul Jain and Ananda Babu K. (2024). Incentivization of the Green Rated Projects by Government for Promoting Sustainable Development: Case Study of Indian States and Union Territories. International Journal on Emerging Technologies, 15(2): 33–38