Construction Week: What is stopping builders from implementing green building practices? - MAIA Estates

Legal Disclaimer

The material contained in this website is provided for informational purposes only, and should not be construed as a prospectus or notice which is binding. By using or accessing this website, you hereby agree to be bound by the terms of this Disclaimer. MAIA Estates LLP (“MAIA LLP”) reserves all the right to add, alter or delete any material from the website at any time without notifying you. Nothing contained on this website constitutes a contract, booking, selling or an offer for sale or invitation to purchase a unit in any project of MAIA LLP and shall not be considered a legal offering under any law for the time being in force, under any circumstances. The contents herein comprises of general information and may not reflect current legal developments, verdicts or settlements. The contents on this website may not be definitive and can be modified in terms of the stipulations / recommendations under the Real Estate (Regulation and Development) Act 2016, and rules made thereunder (“RERA”). MAIA LLP is currently in the process of complying with RERA.

All plans, images, videos, soft furnishing/furniture, gadgets, equipment, product, building colours and technology displayed are representational only and do not form part of any agreement and are not legally binding on us. Photographs of interiors, views and the location are indicative only and may have been digitally enhanced or altered and do not represent actual views or surrounding views. The Developer reserves the right to change, delete or add any specification, amenity or plan mentioned herein based on site conditions and construction necessities without prior permission or notice. MAIA LLP makes no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, services, or related graphics contained on this website for any purpose.

Any action you take upon the information on this website is strictly at your own risk and neither MAIA LLP or any of its affiliates will be liable for any losses and damages occurred to you in any manner in connection with the use of this website or contents herein. In no event shall MAIA LLP be liable for any loss or damage including without limitation, indirect or consequential loss or damage arising from the use of this website. You are thus required to verify all the details of the project, with the sales team of MAIA LLP prior to buying any unit(s) in the project. You agree with this disclaimer without any qualification or limitation.


Construction Week: What is stopping builders from implementing green building practices?


For far too long, the construction industry has overlooked its responsibility to prioritize environmental impact. As of 2020, buildings accounted for 37% of worldwide energy consumption and CO2 emissions related to energy use. Given the rapid pace of urbanization, this figure could double in the years to come unless we embrace new approaches to real estate development. In light of global mandates, corporate social responsibility, conscious consumerism, and the potential risks facing future generations, the need for green buildings has never been more pressing.

Green buildings are designed to minimize carbon footprints not only during the construction phase, but also after the building is occupied. The design prioritizes features that reduce dependency on energy and water consumption, thereby enabling users to reduce their impact on the environment. In addition, materials used in green buildings are responsibly and locally sourced, with most of the waste being recycled within the establishment. Several internationally recognized certification bodies help validate green building structures, providing credibility to the initiatives undertaken by organizations, standardizing global efforts, and enhancing the saleability of real estate.

Having said that, the construction industry has certainly faced challenges in adopting green building practices due to various obstacles. Early adopters encountered difficulties in balancing the costs of traditional building practices versus those of eco-friendly ones.

However, as corporate mandates and consumer mindsets have evolved, the industry is beginning to see the benefits of going green. Nowadays, commercial buildings with green building certifications can command rental yields that are 5-7% higher than those of non-certified structures. Large corporations are willing to pay these premiums as they align with their global CO2 mandates and help offset their carbon footprints. The residential sector is also following suit, with buyers seeking homes that promote environmental sustainability and leave a smaller carbon footprint.

Designing green buildings can be challenging. While significant decisions such as building orientation, facade shading and material selection impact the customer experience, they also serve as key components of achieving efficiency in green building practises. In our city -centre asset, we have successfully integrated these two requirements by incorporating aluminium band facade elements to provide greater shading coefficients and reduce the overall heat gain, while replacing the erstwhile concrete chajja designs. This design modification helped to lower our building’s carbon footprint from both, an executional as well as an operational standpoint.

In conclusion, the incorporation of green building practices in real estate development, especially in Bangalore can bring about numerous benefits for both realtors and homeowners. These benefits include increased efficiency, improved air quality, and reduced environmental impact. Although there may be some challenges involved in implementing these practices, the long-term advantages make it a worthwhile investment for a sustainable future.

Read article on Construction Week


Posted on

April 10, 2023