Government Incentives for Green Building Projects

March 13, 2020

Government  Incentives for Green Building Projects 

IGBC, GRIHA & LEED are  working very closely with several Central and State Government agencies to promote the green building movement in the country. Some of the Central and State Government agencies have given recognition to IGBCs' Green Rating Systems. The list of incentives provided are appended below: 

• The Ministry of Environment, Forest and Climate Change (MoEFCC), Government of India, offers fast track environmental clearance for green building projects which are Precertified/ Provisionally Certified by IGBC & GRIHA.

• The Ministry of Urban Development, Government of India, has announced free of cost 1% to 5% extra ground coverage for FAR for GRIHA projects.

• Municipal Corporation, has annouced discounts in property tax upto 15% for home owners, for projects that are certified under SVA GRIHA certification.

• All IGBC & GRIHA rated green building projects in the MSME sector shall be eligible for financial assistance at concessional rates from Small Industries Development Bank of India (SIDBI).



• Government of Punjab

  • Department of Local Government (Town Planning Wing) offers an additional 5% Floor Area Ratio (FAR) free of charge for projects which are rated Gold or above by IGBC and All GRIHA certified projects.

  • Department of Housing and Urban Development, Government of Punjab  offers an incentive of additional 5% Floor Area Ratio (FAR) free of charge and 100 % exemption of building scrutiny fee for projects which are rated Gold or above by IGBC




• Urban Development Department, Government of Rajasthan offers additional 7.5%, 10% and 15% FAR free of charge for projects which are rated Silver, Gold and Platinum respectively by IGBC



• Government of West Bengal

  • A. Government of West Bengal (Department of Municipal Affairs - Kolkata Municipal Corporation) additional 10% FAR for projects which are Precertified/ Provisionally Certified as Gold or above by IGBC.

  • B. Government of West Bengal (New Kolkata Development Authority) additional 10% FAR for projects Precertified/ Provisionally Certified as Gold or above by IGBC



• Government of Uttar Pradesh

  • A. Government of Uttar Pradesh (Housing and Urban Planning Department):
    Additional 5% FAR free of charge for projects which are rated as Gold or above by IGBC.

  • B. Additional 5% FAR free of charge is offered by the Greater Noida Industrial Development Authority (GNIDA) in Uttar Pradesh for projects which are rated as Gold or above by IGBC and 4 or 5 Star in GRIHA



• Government of Andhra Pradesh
  • The Industries & Commerce Department offers 25% subsidy on total fixed capital investment of the project (excluding cost of land, land development, preliminary and preoperative expenses and consultancy fees) for buildings which obtain green rating from IGBC. This incentive is applicable for MSME and large industries.

  • Municipal Administration and Urban Development Department offers the following incentives to projects obtaining the rating from IGBC:

    • 20% Reduction on Permit Fees 
    • If the property is sold within three years, one-time reduction of 20% on Duty on Transfer of Property (Surcharge on Stamp Duty) on the submission of Occupancy Certificate issued by the Local Authority.

     

• Government of Himachal Pradesh (Town & Country Planning Deptt) offers an additional 10% FAR for projects which are granted Gold / Platinum rating by IGBC.

• Urban Development and Housing Department, Government of Jharkhand offers an additional FAR of 3%, 5% and 7% for Green Buildings rated by IGBC as Silver, Gold and Platinum respectively.

• Government of Haryana (Town & Country Planning Department),  as per amendment in chapter 6 of the Haryana Building Code 2017 on 8 May 2018, offers an additional FAR (Floor Area Ratio) of 9%, 12% and 15% for Green Buildings rated as Silver, Gold and Platinum respectively by IGBC.



• Government of Maharashtra

  • Urban Development Department offers an additional FAR of 3%, 5% and 7% for Green Buildings rated by IGBC as Silver, Gold and Platinum respectively.

  • Pune Municipal Corporation (PMC) and Pune Metropolitan Region Development Authority (PMRDA), Government of Maharashtra  offers an additional FAR of 3%, 5% and 7% for Green Buildings rated as Silver, Gold and Platinum respectively by IGBC and GRIHA. 

  • Public Works Department (PWD), Government of Maharashtra has mandated that the renovation of existing buildings and the development of all new government buildings in Maharashtra shall be carried out as per the suitable IGBC Green Building Rating system

  • PIMPRI CHINCHWAD MUNICIPAL CORPORATION  has mandated that developers in PIMPRI can get discounts on their permium amount of the building permission charges as per their GRIHA and SVAGRIHA certification level.