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Minimizing The Negative Impact On Environment With Green Affordable Housing Project
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IIFL Home Finance’s Green Value Partner (GVP) initiative has a goal to redefine the home finance industry and act as a catalyst. The GVP wishes to contribute to maximize sustainable development within the affordable housing segment, providing a home to all. There is a dire need to adopt a responsible business strategy, support well-defined social and environmental benefits to conserve energy and resources.
Energy efficiency is a highly effective and economic method to reduce global Green House Gas (GHG) emission. With green design strategies, the implementation of sustainable practices from conception to completion helps with minimizing the negative impacts on the environment.
Amidst many other projects of GVP team, Mahal Aangan is an affordable housing project that is not only affordable but also a model of sustainable housing that highlights the benefits of green design strategies in the project lifecycle. located in Jaipur, it is a pre-certified IGBC Gold Green Affordable Housing project which strongly believes in the implementation of sustainable practices from the conception to completion thus minimizing the negative impacts on the environment.
The Green Value Partner (GVP) team conducted a complimentary initial assessment study for the project to assess the potential of the project to get green certified and also suggested sustainable strategies such as:
1. Installation of water efficient plumbing fixtures as a water conservation strategy
2. Energy efficient building envelope to maintain indoor thermal comfort
3. Handling of construction and waste demolition waste to divert it from being sent to landfills
4. Installation of drip and sprinkler irrigation systems to conserve freshwater used in landscaping
5. Use of low VOC paints to improve occupant health
The timely consultation on the suggested sustainability strategies in coordination with the GVP team helped the developer in achieving a IGBC Gold rating pre-certification for the project.
Converting a business-as-usual scenario to a green building has a positive impact on the environment and the strategies from the project are highlighted here:
• 41% of the total site is a green cover filled with native plant species
• 96% of the non-roof area has provided high SRI pavers to reduce the heat island effect
• Universal design provided, considering the differently abled
• 100% of the rainwater run-off is harvested from roof and non-roof areas
• 95% of the wastewater generated on-site is treated thus reducing the demand for potable water
• Solar panel installed on the roof meets 78% of the common area lighting load reducing the grid load
• 100% of total organic waste generated on-site is treated using the organic waste convertor
• 95% of the materials used for construction are locally sourced
Once the project is operational, it will contribute towards natural resource consumption (energy & freshwater) and GHG emissions offset. The estimated impacts are as follows:
1. Annual energy consumption reduction – 391.8 MWh
2. Annual water consumption reduction – 22.63 ML
3. Annual GHG emissions offset – 360.41 TCO2e
Green Value Partner is a catalyst in building homes that are comfortable and healthy causing bare minimum harm to the environment. GVPs seek to provide end to end assistance to the developer and work throughout a project’s lifecycle, starting from
conceptualisation to completion, ensuring successful execution of vision and mission.
What are the positive impacts of Green Affordable Houses? Share them in the comments section.
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Disclaimer: The information contained in this post is for general information purposes only. IIFL Home Finance Limited (including its associates and affiliates) ("the Company") assumes no liability or responsibility for any errors or omissions in the contents of this post and under no circumstances shall the Company be liable for any damage, loss, injury or disappointment, etc. suffered by any reader. All information in this post is provided "as is", with no guarantee of completeness, accuracy, timeliness, or of the results, etc. obtained from the use of this information, and without warranty of any kind, express or implied, including, but not limited to warranties of performance, merchantability, and fitness for a particular purpose. Given the changing nature of laws, rules, and regulations, there may be delays, omissions, or inaccuracies in the information contained in this post. The information on this post is provided with the understanding that the Company is not herein engaged in rendering legal, accounting, tax, or other professional advice and services. As such, it should not be used as a substitute for consultation with professional accounting, tax, legal or other competent advisers. This post may contain views and opinions which are those of the authors and do not necessarily reflect the official policy or position of any other agency or organization. This post may also contain links to external websites that are not provided or maintained by or in any way affiliated with the Company and the Company does not guarantee the accuracy, relevance, timeliness, or completeness of any information on these external websites. Any/ all (Home/ Loan Against Property/ Secured Business Loan/ Balance Transfer/ Home Improvement Loan/ NRI Home Loan/ Home Loan for Uniformed Services) loan product specifications and information that may be stated in this post are subject to change from time to time, readers are advised to reach out to the Company for current specifications of the said (Home/ Loan Against Property/ Secured Business Loan/ Balance Transfer/ Home Improvement Loan/ NRI Home Loan/ Home Loan for Uniformed Services) loan.
