Released on: June 11, 2008, 4:21 am

Press Release Author: varma

Industry: Real Estate

Press Release Summary: The real estate markets around Asia and the world will
transform quickly and adopt \"green building practices,\" both in developing new
buildings and improving existing ones, as new government policies drive progress
towards addressing climate change and other key environmental issues.


Press Release Body: The real estate markets around Asia and the world will transform
quickly and adopt \"green building practices,\" both in developing new buildings and
improving existing ones, as new government policies drive progress towards
addressing climate change and other key environmental issues.

\"This transformation will be driven by various combinations of regulation,
government incentives and changing market dynamics\", according to r.e Design, Asia\'s
first green real estate guide released here today.

\"Tenants, in turn will also help drive the Green Real Estate growth through their
corporate social responsibility programmes, desire to attract and retain quality
employees and aspiration to improve productivity\", says the guide that outlines the
urgent need for the real estate industry to address the challenges of climate change
and sustainability.

\"Green buildings are set to become standard practice and we need to quickly
understand them, including how they deliver value to us. The uptake of green
building practices in India is now quick and real estate practices are changing
accordingly\", said Simon Carter, author of the guide and Regional Head of
Sustainability Asia Pacific for Collier International, leading property consulting
companies.

India currently has about 26 built green buildings covering close to 11 mn square
feeet. Out of these five buildings have secured platinum or gold Leed ratings.

Currently, 218 buildings have registered themselves to obtain a green certificate,
with Mumbai leading the pack with 51 buildings, followed by Chennai at 35.
Bangalore 12 and Hyderabad has close to 8 buildings registered for receiving the
certification..........

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