Housing, commercial infrastructure project developers tie up for green rating

Housing and commercial infrastructure project developers have now started developing sustainable habitats.

Developers such as BESTECH India, Madhya Pradesh Housing and Infrastructure Development Board, Madhya Pradesh Police Housing and Infrastructure Development Corporation, Ireo Hospitality Company, Vatika Ltd and Conscient Infrastructure have tied up for a Green Rating for Integrated Habitat Assessment (GRIHA) for the same.

Sanjay Seth, Chief Executive Officer at GRIHA Council, told BusinessLine, “A higher GRIHA rating allows additional floor area ratio as well as a discount on the tax payable while registering property. The quantum of incentives depends on State governments. Haryana offers an up to 25 per cent additional FAR while Pimpri Chinchwad Municipal Corporation offers up to 50 per cent discount on premium amount of building permission charges.”

Read more: The Hindu