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IGBC Green Homes to attract lower interest rates
MoU inked with National Housing Bank

Providing a major impetus to the green building movement in India, being spearheading by the Indian Green Building Council (IGBC) of CII, an important MoU was inked with National Housing Bank at the first edition of Conference on Green Apartments organised by IGBC in the Capital today.

The purpose of this MoU is to jointly enhance & promote the adoption of energy efficient and Green homes concept in India. Dr Prem C Jain, Chairman from IGBC and Mr Arnab Roy, Executive Director, NHB inked the MoU in the presence of Mr Arun Kumar Misra, IAS, Secretary, Ministry of Housing and Urban Poverty Alleviation, Government of India.

Mr Arun Kumar Misra said that going green is indeed an imperative to ensure a sustainable tomorrow. He added that green should become a way of life. He hoped that MoU which was inked today will go a long way in promoting green homes and facilitate India emerge as one of the global leaders in green buildings.

Mr Misra also mentioned that the Ministry would be delighted to extend all the support to work with IGBC in taking forward the green home concept to the mass housing sector.

Mr Arnab Roy, Executive Director, NHB hoped that NHB's partnership with IGBC will have excellent results in further enhancing green and energy efficient homes in the country. NHB with the support of IGBC would offer the fund to home finance companies that are willing to transfer the benefit of concessional interest to buyers of green and energy-efficient homes, he added.

Dr Prem C Jain, Chairman, IGBC informed that IGBC Green Homes is the first rating programme developed in India, exclusively for the residential sector. It is based on accepted energy and environmental principles and strikes a balance between known established practices and emerging concepts.

750 homes project in the country are already going green with IGBC accounting to more than 4,50,000 dwelling units with a building footprint of over 680 million square feet, he added.

Today over 2,100 registered green building projects amounting to over 1.51 Billion sq.ft of green building footprint are registered with IGBC, making India the second country with largest green building footprint in the world, he informed.

At the two-day event, leading national and international experts will share their thoughts and perspectives on how to foster and promote sustainable habitats to the present & future generations

New Delhi
12 July 2013

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