With India experiencing a construction boom, and with an estimated 66% of property stock required by 2030 yet to be built, this timely piece of research investigates the perceived market demand, value premiums and workplace productivity gains associated with green buildings in India. The research also looks at green rating systems and current policy initiatives in India.
Research design
This research is based on surveys of developers/investors, tenants and employees working in green rated buildings in India. The research explores participants’ perceptions of various aspects of property performance of green certified buildings compared to conventional buildings and seeks to answer the following questions:
- What are the cost, rent and value premiums for green buildings in India?
- What are the motivations for developers to build and occupiers to occupy green buildings over conventional?
- How do employees perceive working in green buildings?
Key findings
The survey provides a detailed breakdown of developers’/investors’ perceived risks associated with conventional buildings compared to green, and looks at the challenges identified with green building. Estimations are given for green premiums for the office, retail, industrial and residential sectors, along with the perceived rise in cost of green residential buildings in comparison to conventional for these sectors.
The survey also garners tenants’ views on green rental premiums and operation cost savings of green buildings, and the impact of green buildings on employees’ well-being as well as on workplace productivity.
