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Incentives On Griha Rated Projects

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By Author: ge 3s
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Incentives from Ministry of Environment and Forest: GRIHA pre-certified projects are entitled to receive fast track EIA from MoEF. Fast track enables to save at least 3 months. Incentives from Ministry of new and renewable energy: Incentives to developers: (up to 2012): 90% of registration cum rating fee will be reimbursed for projects having built up area less than 5,000 sq.m with minimum 3-star rating and built up area more than 5,000 sq.m with minimum 4-star rating. Having a professional who has completed LEED Green Associate Exam training can help one in achieving the GRIHA requirement and availing the incentives from the Ministry.
Incentives to Municipal Corporations/ Urban Local bodies: Incentives of Rs. 5o lakhs and Rs 25 lakhs are given to Municipal Corporations and Urban Local bodies respectively that announce rebate in property tax for green building and make it mandatory to get the new buildings for government and public sector rated under GRIHA. Additionally, award of Rs. 50 lakhs will be announced to Municipal Corporation and Rs. 25 Lakhs to either urban body who performs best. Therefore it is of utmost importance that we have in our team a professional who has successfully completed LEED Green Associate Exam.
Incentives from Banks:
Small Industries development bank of India (SIDBI) has announced a scheme of providing financial assistance at a concessional rate of interest to GRIHA rated projects. -For GRIHA Compliant projects, processing fee is waiver from SBI for home loans. -SBI gives a 0.25% rebate on the interest on housing loans. To avail such benefits developers should rope in LEED Green Associate Exam qualified individuals who can assist in GRIHA compliance.
LEED (Leadership in Energy and Environmental Design)
It is a product of the U.S. Green Building Council (USGBC) that provides a complete framework for assessing building, performance, and meeting sustainability goals within 6 category rating system. The categories are sustainable sites, water efficiency, energy and atmosphere, materials & resources, indoor environmental quality, and innovation & design. In India, the Indian green building council (GBCI) provides LEED ratings to structures and aims to make the country one of the leaders in green buildings. LEED, the green building rating certification system, evaluates a building based on multiple aspects, including sustainability, water efficiency, energy, resources, indoor environmental quality, and innovation, and throughout the building's planning, construction, maintenance, and operation. They also provide professional credentials if you pass test like LEED Green Associate exam.
LEED Certification can be applied to all types of buildings, ranging from homes to commercial office buildings. In 2018, India ranked third on the list of top countries with LEED certified buildings. There are 4 LEED certification levels of buildings. If it has 26 to 32 points that are basic level, if it has 33 to 38 points then it has silver level, 39 to 51 points i.e Gild level, 52 to 69 points it is platinum level. There are maximum possible points in LEED Rating of buildings. There is 69 level of points and four certification level. Having a team member who has qualified LEED Green Associate exam makes LEED certification easier.

BEE Star Rating:
BEE Star Rating is a voluntary program to assess and rate the energy performance of existing commercial buildings. The scheme is based on the actual performance of the buildings in terms of energy performance index (EPI) expressed in Kwh/m2/yr. the scale used is 1 to 5. This rating is applicable to both air-conditioned and non-air conditioned buildings (offices, hotels, hospitals, retails, and IT parks). This programme will rate buildings having a connected load of 100 kW and above. The 5-star labeled buildings are the most efficient in this star rating. Five categories of buildings - office buildings, hotels, hospitals, retail, alls, and IT parks in five climate zones in the country have been identified for this programme malls. As mentioned team members with LEED Green Associate exam credentials can help in achieving green building goals.

More About the Author

GE3S is a leading environment, energy and sustainability advisor trusted by 100+ companies in the region. Our core team has been working in the middle east for many years across sectors and geographies http://www.ge3s.org/

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