The following article is based on my own interpretation of the said events. Any material borrowed from published and unpublished sources has been appropriately referenced. I will bear the sole responsibility for anything that is found to have been copied or misappropriated or misrepresented in the following post.
Sai Srinivas Kotni, MBA 2014-16, Vinod Gupta School of Management, IIT Kharagpur
The Indian Green Building Council (IGBC) on Monday signed a memorandum of understanding with the Confederation of Real Estate Developers’ Associations of India (CREDAI) to increase the green building footprint in India across the residential sector.
Green building refers to a structure and using process that is environmentally responsible and resource-efficient throughout a building’s life-cycle: from siting to design, construction, operation, maintenance, renovation, and demolition. In other words, green building design involves finding the balance between home building and the sustainable environment.
The MoU between the IGBC, a part of the Confederation of Indian Industry (CII) and CREDAI, the apex body for private real estate developers, is expected to accelerate green building movement in the country.
CREDAI president Shekar Reddy the MoU would further consolidate partnership with the IGBC and promised to work together in facilitating greener and healthier India.
The two bodies will reach out to all the stakeholders on green building trends and techniques. They will jointly organize awareness and training programmes to facilitate capacity building among their members across India