Powered by the passion for rescuing the planet from global warming, the government offers substantial incentives to real-estate developers to construct green housing in India. And why not! Buildings are responsible for 40% of the country’s overall energy consumption. It is thus critical to incorporate sustainable practices to champion sustainability in India.
What are green buildings?
Green buildings ensure optimum utilisation of resources and take measures to reduce their carbon footprint during erection. They are built with careful considerations around judicious use of energy and water resources. The materials used to construct these buildings are recyclable and protect the planet and the occupant’s health.
Advantages of a green building
It’s no secret that there are hordes of advantages to green buildings. Here are some of them.
Lifestyle benefits
Builders developing sustainable homes focus on incorporating eco-friendly construction substitutes such as bamboo, recyclable metals, clay plaster, glass, etc. Such materials lead to lighter coloured interiors and open spaces, letting in oodles of natural light.
This is why if you are looking to purchase a home, go for a green one. It costs the same as a regular one, so you won’t have to avail of a higher home loan.
Financial advantages
The cost of electricity, water and other utilities kick off from the very start of a building’s lifecycle. And the bills for these utilities shoot up during peak summer and winter months. However, green homes are designed to keep the interiors optimally ventilated and let natural light in, so you don’t have to depend on artificial lighting during the day.
Several developers also ensure the use of solar panels, rainwater harvesting and sustainable groundwater extraction mechanism when constructing a green building. All such practices reduce your monthly utility bills by up to 20%.
Besides, the saved costs on utilities will help you pay the home loan interest rate on your loan without difficulty, making your monthly EMI payouts easier to manage.
Other health benefits
As mentioned before, green homes offer uninterrupted ventilation, air filtration, solar chimneys and panels, natural chemical-free paints, and heaps of natural light. All of which have significant health benefits.
Your home is your sanctuary, for which you create extensive design plans, put in tonnes of effort and often your life’s savings. So, it’s only sensible to build it with the right materials and mindset – both provided by a green home. And if you’re worried about qualifying for a loan, worry not! Home loan eligibility criteria for green buildings are the same as any other housing.
The bottom line
Along with these benefits, you must also remember that sustainable housing is a genuinely affordable option—no wonder most of the new residential structures today are green.
In a nutshell, green homes are a complete package if you are looking for a residential haven. Why wait then! Avail of a loan to sort out your finances for purchasing sustainable housing.
These days housing finance is available at incredibly competitive home loan interest rates with flexible repayment terms and minimal paperwork.
If you wish to calculate your monthly instalments before applying, use an online home loan EMI calculator available on lender websites.
