Multinationals Vie For Green Buildings in Bangalore, Developers Leverage
Following the global concern to protect the environment, the number of green building projects in India are expected to go up from the current 164 to over 2, 000 by 2012, media reports. Bangalore is emerging as the advocate for promotion of green buildings. The city is taking a few initiatives like being appreciative of various green projects and exploring the prospects of getting banks to extend home loans for green homes, etc. Karnataka Renewable Energy Development Ltd feels that it is necessary to have a mix of modern and the traditional while constructing new buildings. Bangalore real estate has registered the maximum increase in prices from 2001 to 2005, as per NHB Residex. ...
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