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Construction Business Review | Monday, February 15, 2021
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Analyzing the alluring features that are spurring the growth of the Green Building Market and also anticipating the growth of the market by 14.3 CAGR in the forecast period
FREMONT CA: Green building is a technology used to create environmentally friendly infrastructure. Its purpose is to reduce the negative effects of commercial and residential buildings on the environment and human health by improving construction, site selection, maintenance, design, and disposal over the whole life cycle of green building materials. These structures provide several advantages, including effective means of achieving various global goals such as generating economic growth, establishing flourishing and sustainable communities, and tackling climate change. These buildings are unique in that they reduce the negative effects on the environment by utilizing fewer natural resources, less energy, and less water. Economic green buildings provide various financial or economic benefits, including job generation and increased property value for building developers.
The expansion of the green building market is fueled by several factors. Supportive government policies that encourage the construction of green buildings, sustainable certifications such as LEED (Leadership in Energy and Environmental Design), the high resale value of such properties that are kicking starting the construction of such buildings in India, and rising consumer awareness about the benefits of living in such buildings such as low operating and maintenance costs are just a few of these factors.