Growing real estate sector can give a boost to green building segment: Johnson Controls

Quick Summary:

The green building market in India generated $29.2 billion in 2022, with a 7.5% CAGR from 2017 to 2022.

However, a lack of awareness about the tangible benefits of green buildings is a challenge, says Arun Awasthy, President and Managing Director of Johnson Controls India.

While the initial costs of green buildings may be higher, there are long-term benefits in terms of increased profitability due to improved operations and energy efficiency.

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Article Details

Author / Journalist: Shariq Khan

Category: Business

Markets: IndiaIrelandVietnam

Topics: Green buildings LEED certification Net zero emissions Energy efficiency Sustainability Real estate sector Johnson Controls US Green Building Council

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-27 @ 10:28:45 (5 days ago)

News Timezone: GMT +8:00

News Source URL: economictimes.indiatimes.com

Language: English

Article Length: 2032 words

Reading Time: 12 minutes read

Sentences: 65 lines

Sentence Length: 32 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Economic Times

News ID: 22314014

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About Economic Times

Main Topics: Business

Official Website: economictimes.indiatimes.com

Year Established: 1961

Headquarters: India

News Last Updated: 1 days ago

Coverage Areas: India

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Publication Timezone: GMT +8:00

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Publisher ID: #84

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