The Indian real estate sector has gone green despite global the economic slowdown. The total supply of green realty space has doubled to 6.8 million sq ft in September 2009 from an early- 2007 level of 3.8 million sq ft, said a report, ‘ Green Buildings: Benefits and Future Outlook’, published by DTZ International Property Advisers Pvt Ltd.
The report added that the supply of green space has been well contributed by various real estate segments, with the IT/ ITeS sector contributing as much as 58 per cent of the total supply in the country.
Though commercial realty has been the major contributor to this segment, residential real estate is yet to join this green brigade. And the study put the blame on the developers of residential units.
More : indiatoday.intoday.in
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