Customer Preference for Green Building Concept with Reference to Gwalior City: An Analysis

Abstract

Green building certification systems are increasingly being used to new and existing buildings in the commercial and residential real estate sectors of today as a way of validating that a building fulfills a set of “green” criteria. These criteria may include things like energy efficiency, the use of environmentally friendly materials, site location and the quality of the internal environment. Even while the concept of green buildings is not new to the real estate sector anywhere in the globe, the Indian market is still relatively new and is in the beginning stages of the growth building process. Buildings that have been certified as environmentally green are supposed to provide a number of advantages to the property owners, managers and inhabitants of the building. Within the scope of this study, we endeavored to determine the degree to which Gwalior locals are familiar with the idea of green buildings and to investigate the extent to which clients prefer these types of structures to more conventional forms of construction. In order to accomplish this goal, primary sources were used throughout the data gathering process. A standard building and a green building were compared and a considerable difference was discovered between the two. It was shown that the vast majority of people are willing to spend more money for environmentally green buildings. There is a rather high level of awareness about the concept. It is certain to bring about a shift in the environment.