Is Green Building More Expensive?

Being an environment-friendly person, I was always in favour of purchasing an apartment in a green building. However, oftentimes, I used to wonder, is green building more expensive? However, I found that it is a myth, and I would like to explain the same to you all.

People have a misconception that green buildings are more expensive. If all of these characteristics are included during the design phase of a building, it will be easier to control costs. The topic of the 2017 Griha Summit was "Sustainable is Affordable," which was chosen because the majority of people believe that sustainability is expensive. The purpose is to show the average person that green buildings are not more expensive.

Anyone building a home should keep in mind that it will likely remain there for around 60 years. And even if for a minute I agree that the price of the house has gone up a little, it won't matter if you invest a little more money because you will continue to enjoy benefits like lower power costs, better comfort, and better health year after year. At a cheaper operating cost, you get superior comfort. The payback period is also only a few years.

The cost of green construction need not be higher than that of a conventional building. More involved green initiatives, such as installing a large number of solar panels, are likely to incur a major cost rise, but over time, lower energy costs and environmental advantages result in an attractive return on investment.

Less extensive green building initiatives, including reusing current structures or materials, shouldn't incur additional expenditures and can still have a substantial positive impact on the environment. The future of construction should therefore include all forms of green building.

Due to the numerous government incentives provided over the last few years, the average cost of building a green home in India has decreased significantly. Currently, the cost of building an eco-friendly home in India ranges from Rs 1,350 to 1,400 per square foot, including construction and fixtures. It may come as a shock to learn that the price is roughly in the same range as building a conventional, non-eco-friendly home.

I would like to conclude here as I believe this suffices your query, is green building more expensive. I hope this helps:)

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