Monday, March 11, 2013

“Voluntary Compliance is Heartening”

Chandrashekar Hariharan, CEO and Co-founder, BCIL

BCIL has emerged as one of the major players in green building space in Souther India especially with its various green themed green homes. Sridhar Hariharan, CEO and co-founder, BCIL, reveals to Kumar Buradikatti the insights about green building sector in India

B&E: What are the major challenges faced by green project developers in India?
Chandrashekar Hariharan (CH):
The major challenge is lack of knowledge among builders and architects of the need and the how-to's of design approaches needed to make buildings energy-efficient or 'green'. The second is that promoters have not so far had clients demanding such efficiency. Clients themselves who are buyers of homes, office spaces or those who lease mall and shopping outlets have not been aware of the tangible benefits of 'green buildings'.

B&E: Out of industrial, commercial and residential green projects, which have better returns and why?
CH:
The catch is that when it comes to builders of homes, since the businessman is selling the property instead of leasing it, the builder doesn't see reason for investing time or effort. It's only when business gains directly from it that the builder sees tangible . This is in cases where the builder maintains post-occupancy needs and saves on energy costs with 'green installations' like shopping malls, hotels, hospitals and such, where the capex spender is also the opex owner.


Source : IIPM Editorial, 2012.
An Initiative of IIPM, Malay Chaudhuri
and Arindam Chaudhuri (Renowned Management Guru and Economist).

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