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• Annual awards: Awards of INR 5,000,000 to municipal corporations and
INR 2,500,000 to other urban local bodies who performs best.
• Annual awards to 5-star rated buildings under GRIHA.
• Promotional activities: Up to INR 200,000 for each activity to specialized
institutions for organizing workshops/ seminars/ training / publications/ awareness
campaigns, etc.
Source: MNRE (2009)
Since buildings account for 40 per cent of the greenhouse gas emissions
worldwide, the realty sector has the greatest potential for reducing
emissions. Currently, 20 projects are underway in Pune and the Pimpri-
Chinchwad Municipal Corporation (see Box 2.5), which incidentally,
has made it mandatory for all new projects to conform to GRIHA.
Box 2.5: Initiatives by Pimpri-Chinchwad Municipal
Corporation for green buildings
The Pimpri-Chinchwad Municipal Corporation has decided to grant rebate in property
tax for GRIHA-rated buildings. The developers in Pimpri-Chinchwad Municipal
Corporation will get the following discounts on the premium amount of building
permission charges, as per the rating awarded by GRIHA.
Points scored Rating Discount in premium
50–60 1 10%
61–70 2 20%
71–80 3 30%
81–90 4 40%
91–100 5 50%
Moreover, once the construction is complete, the developer will hand over the green
building to flat owners, and the flat owners of the green building will get a discount of
5–10 per cent on property tax.
Source: GRIHA (2012)
There are other forms of incentives as well. In March 2009, the State
Bank of India (SBI) announced various incentives (see Table 2.18)
under green home loans.
288 Low Carbon Development in China and India
INR 2,500,000 to other urban local bodies who performs best.
• Annual awards to 5-star rated buildings under GRIHA.
• Promotional activities: Up to INR 200,000 for each activity to specialized
institutions for organizing workshops/ seminars/ training / publications/ awareness
campaigns, etc.
Source: MNRE (2009)
Since buildings account for 40 per cent of the greenhouse gas emissions
worldwide, the realty sector has the greatest potential for reducing
emissions. Currently, 20 projects are underway in Pune and the Pimpri-
Chinchwad Municipal Corporation (see Box 2.5), which incidentally,
has made it mandatory for all new projects to conform to GRIHA.
Box 2.5: Initiatives by Pimpri-Chinchwad Municipal
Corporation for green buildings
The Pimpri-Chinchwad Municipal Corporation has decided to grant rebate in property
tax for GRIHA-rated buildings. The developers in Pimpri-Chinchwad Municipal
Corporation will get the following discounts on the premium amount of building
permission charges, as per the rating awarded by GRIHA.
Points scored Rating Discount in premium
50–60 1 10%
61–70 2 20%
71–80 3 30%
81–90 4 40%
91–100 5 50%
Moreover, once the construction is complete, the developer will hand over the green
building to flat owners, and the flat owners of the green building will get a discount of
5–10 per cent on property tax.
Source: GRIHA (2012)
There are other forms of incentives as well. In March 2009, the State
Bank of India (SBI) announced various incentives (see Table 2.18)
under green home loans.
288 Low Carbon Development in China and India
