Sustainable buildings are playing a critical role in the development of many emerging economies. India’s Sustainable building market is estimated to double by 2022 at 10 billion sqft, valuing around USD 35-50 billion, driven by increasing awareness level, environmental benefits and government support. India has emerged as one of the leading countries in terms of sustainable building projects and ranks only second after US in terms of number of green projects and built-up area. Still this is only about 5% of total buildings in India, and hence there is huge potential for further penetration of sustainable building design.
In order to complement in India’s Sustainability Movement and take it to the next level, ASSOCHAM has taken a Green Initiative to care for the Mother Earth and formed a Council for Green and Eco-friendly Movement (CGEM) that governs the program “GEM Sustainability Certification Program” with the objective to promote environment friendly green building design and construction. The role of the council will be to ensure the strategies agreed upon by members are implemented, monitored and evaluated.
ASSOCHAM “GEM Sustainability (Green) Certification Program” is based upon BEE ECBC 2017 and NBC 2016. Through this initiative, ASSOCHAM do award the Sustainability Certification Rating to Housing, Urban Developments, Residential, Commercial, Hotels, College, Universities, Schools, Factory buildings and related developments.