National Housing Bank:Interest Subvention on Home Loans for Green Buildings..
The National Housing
Bank (NHB) is considering interest subvention on home loans for green
buildings.
This makes eminent
sense as more than 60 % of buildings that will be constructed in India over the
next 20 years are going to be residential.
India is unique when
it comes to its profiling in terms of energy consumption attributable to
building, according to JLL.
More than 70% of
energy consumption attributable to buildings in the country is actually
accounted for by residential.
Therefore,the
potential of green real estate in residential in terms of overall impact on the
environment is huge. This has to be taken note of,and is reason enough for
special incentives.
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