Bangalore will be pioneering the country’s first township according to the globally accepted norms of a green building. A green building is a structure that is environmentally responsible and resource-efficient throughout its life-cycle.
Spread over 120 acres, this environment-friendly project named NeoTown is being executed by Patel Realty and will find its home at Electronics City, South Bangalore.
NeoTown has met the criteria laid down by the Indian Green Building Council. IGBC guidelines include preservation of existing trees and water bodies, energy efficiency in infrastructural equipment, reduction of construction waste, recycled content and innovation in design and technology. IGBC is a national-level body that certifies green buildings and green townships. Townships seeking IGBC’s green rating can be predominantly commercial, industrial or retail and should necessarily earmark 25 per cent of their total built-up area for residential use.
Started in 2001, IGBC has put its approval seal on 295 buildings in India — covering 1.26 billion sq ft of green space. “As a thumb rule, green buildings tend to cost 10-12 per cent more than regular buildings. We have decided not to pass this extra cost to the buyers,” claims Pravin Malkani, managing director, Patel Realty.
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