Buildings in India are the second-largest consumer of electricity and will likely become the largest by 2030.
Between now and 2030, India will have added nearly one billion square meters of new commercial floor space. As the analysis in the report referred to mentions, this provides an opportunity for us to build smart this gigantic amount of real estate.
Green buildings have had a fairly successful run in India for well over a decade, especially in the commercial buildings sector.
Building energy codes that ensure energy savings in the construction and operation of buildings have existed in India since 2007 and have the potential for huge energy savings. While the national government sets building standards, it is the states that amend, notify, adopt and implement the code. Today, 18 states and two union territories (UTs) have notified ECBC 2007 and ECBC 2017 - not a bad situation, really.
Thus, while significant progress in the implementation of these codes has been made, there is still scope for improvement in compliance.
