Proceedings of the 2nd International Conference on Sustainability and Equity (ICSE-2021)

<Previous Article In Volume
Next Article In Volume>

Green Buildings, Sustainability and Value Premium

An Empirical Study of Pune

Authors
Ramakrishna Nallathiga1, *, Abhijeet Raipure2, Prateek Ate3, Ankit Singh4
1Associate Professor, National Institute of Construction Management and Research, Pune
2, 3, 4PGP PEM Student, National Institute of Construction Management and Research, Pune
*Corresponding author. Email: nramakrishna@nicmar.ac.in
Corresponding Author
Ramakrishna Nallathiga
Available Online 18 January 2022.
DOI
10.2991/ahsseh.k.220105.002How to use a DOI?
Keywords
Green buildings; Sustainability; Green facilities; Property value; Value premium
Abstract

The concept of green buildings is getting well entrenched into the construction of buildings in Indian cities. In fact, the notion of green buildings is built upon the concepts of sustainability, which include: the conservation of resources (reduce), the reuse of materials (reuse) and the recycling of materials (recycle). However, they are also linked to sustainability in terms of reduced impacts during the whole life cycle of buildings i.e., construction and occupation. Besides, they also contribute to reducing global greenhouse gas emissions while also promoting energy and resource conservation. Given these advantages, green buildings should offer good value proposition to their buyers in terms of the reduced costs during building construction and operation stages. Therefore, there tends to be a ‘value premium’ associated with such green buildings in the property market. This paper reports the existence of such ‘value premium’ associated with green buildings through an empirical study of Pune city. A questionnaire survey was done for a sample of green buildings located in Pune city and data analysis was done. It is found that the Green Buildings have better green facilities but do not have infrastructure advantages. The study findings reveal about 5% value premium associated with green buildings in Pune city in the form of higher property value, though it varies across areas

Copyright
© 2022 The Authors. Published by Atlantis Press International B.V.
Open Access
This is an open access article under the CC BY-NC license.

Download article (PDF)

<Previous Article In Volume
Next Article In Volume>
Volume Title
Proceedings of the 2nd International Conference on Sustainability and Equity (ICSE-2021)
Series
Atlantis Highlights in Social Sciences, Education and Humanities
Publication Date
18 January 2022
ISBN
10.2991/ahsseh.k.220105.002
ISSN
2667-128X
DOI
10.2991/ahsseh.k.220105.002How to use a DOI?
Copyright
© 2022 The Authors. Published by Atlantis Press International B.V.
Open Access
This is an open access article under the CC BY-NC license.

Cite this article

risenwbib
TY  - CONF
AU  - Ramakrishna Nallathiga
AU  - Abhijeet Raipure
AU  - Prateek Ate
AU  - Ankit Singh
PY  - 2022
DA  - 2022/01/18
TI  - Green Buildings, Sustainability and Value Premium
BT  - Proceedings of the 2nd International Conference on Sustainability and Equity (ICSE-2021)
PB  - Atlantis Press
SP  - 14
EP  - 22
SN  - 2667-128X
UR  - https://doi.org/10.2991/ahsseh.k.220105.002
DO  - 10.2991/ahsseh.k.220105.002
ID  - Nallathiga2022
ER  -