Eco-Friendly Building to Pick Up in Emerging Markets

By / Published August 5, 2015 | 7:49 am



property-market

Eco-friendly building practices date back to the beginning of the 20th century, with Frank Lloyd Wright’s organic architecture and historic buildings like Falling Water. Now, examples of the green building trend can be found the world over.

According to the World Green Building Trends survey by the McGraw Hill Construction, 51 percent of companies anticipate that more than 60 percent of their works will be green by 2015. The research shows that green building now makes good business sense.

Moreover, the accelerating green trend is not limited by geography but spreading throughout the global construction marketplace. Many countries that are listed on Lamudi, a global property portal focusing on the emerging markets, now feature a high selection of eco-friendly properties.

One example is the Clearpoint Residencies near Colombo, Sri Lanka. Dubbed the world’s tallest vertical garden, the development is due to be completed in April 2016. The entire facade is covered in planted terraces and mango trees, not just as decoration but to reduce the heat level in the building, by lowering exposure to direct sunlight and providing fresher air. The plants will act as a sound barrier, provide shade, and cleanse the surrounding air. As a consequence, the amount spent on air conditioning can be reduced.

In Kenya, Prime Ventures has embraced suitable building designs that make construction cheaper to help bridge the gap of demand and supply by constructing affordable houses. The technology involves construction of houses by assembling ready-made expanded polystyrene between a galvanised steel wire mesh that is plastered on both sides with concrete.

In April, Lamudi published research that showed the extent to which the green building trend is sweeping the emerging markets. On the Lamudi platform, cities like Karachi (Pakistan), Dhaka (Bangladesh) Amman (Jordan) or Yangon, the largest city of Myanmar, top the emerging markets for eco-friendly homes.

These cities have the highest number of properties for sale or rent offering green features, including a high energy efficiency rating, solar panels, water tanks and greywater systems. The Pakistani city of Karachi, for instance, now has more than 8200 eco-friendly properties listed on the website.

Kian Moini, Co-Founder and Managing Director at Lamudi, said: “Throughout this year, we have seen the trend toward eco-friendly homes accelerate in our countries. Our prediction is that 2015 will be the year green building comes of age in the emerging markets, as it now makes good business sense to go green by investing in and developing eco-friendly real estate.”

The report from McGraw Hill Construction shows that the main motivation is no longer idealistic values. There has now been a push for green building as this offers good business opportunities and investment. Green building practices have become widespread as this is now considered as a “long term business opportunity around the world”, the report states. In 2015, the driving force behind the worldwide green building trend is a higher market and client demand, lower operating costs as well as branding and public relations.

Of course there are also important social and environmental reasons for building green, such as improved health and productivity benefits, water use reduction, lower greenhouse gas emission and natural resource conservation. Nevertheless, these also lead to certain financial benefits, including decreased operating costs, increased building values for green projects, and increased asset value for green buildings.

“For these reasons, green architecture is not only about doing the right thing or being groundbreaking, but in fact developers and property players can also save money by introducing these principles,” Moini added. “Additional benefits include lower energy costs, water maintenance, and especially tax credits and other financial incentives.”






More Articles From This Author








Trending Stories










Other Related Articles










SOKO DIRECTORY & FINANCIAL GUIDE



ARCHIVES

2024
  • January 2024 (238)
  • February 2024 (227)
  • March 2024 (190)
  • April 2024 (133)
  • May 2024 (157)
  • June 2024 (145)
  • July 2024 (91)
  • 2023
  • January 2023 (182)
  • February 2023 (203)
  • March 2023 (322)
  • April 2023 (298)
  • May 2023 (268)
  • June 2023 (214)
  • July 2023 (212)
  • August 2023 (257)
  • September 2023 (237)
  • October 2023 (264)
  • November 2023 (286)
  • December 2023 (177)
  • 2022
  • January 2022 (293)
  • February 2022 (329)
  • March 2022 (358)
  • April 2022 (292)
  • May 2022 (271)
  • June 2022 (232)
  • July 2022 (278)
  • August 2022 (253)
  • September 2022 (246)
  • October 2022 (196)
  • November 2022 (232)
  • December 2022 (167)
  • 2021
  • January 2021 (182)
  • February 2021 (227)
  • March 2021 (325)
  • April 2021 (259)
  • May 2021 (285)
  • June 2021 (272)
  • July 2021 (277)
  • August 2021 (232)
  • September 2021 (271)
  • October 2021 (305)
  • November 2021 (364)
  • December 2021 (249)
  • 2020
  • January 2020 (272)
  • February 2020 (310)
  • March 2020 (390)
  • April 2020 (321)
  • May 2020 (335)
  • June 2020 (327)
  • July 2020 (333)
  • August 2020 (276)
  • September 2020 (214)
  • October 2020 (233)
  • November 2020 (242)
  • December 2020 (187)
  • 2019
  • January 2019 (251)
  • February 2019 (215)
  • March 2019 (283)
  • April 2019 (254)
  • May 2019 (269)
  • June 2019 (249)
  • July 2019 (335)
  • August 2019 (293)
  • September 2019 (306)
  • October 2019 (313)
  • November 2019 (362)
  • December 2019 (318)
  • 2018
  • January 2018 (291)
  • February 2018 (213)
  • March 2018 (275)
  • April 2018 (223)
  • May 2018 (235)
  • June 2018 (176)
  • July 2018 (256)
  • August 2018 (247)
  • September 2018 (255)
  • October 2018 (282)
  • November 2018 (282)
  • December 2018 (184)
  • 2017
  • January 2017 (183)
  • February 2017 (194)
  • March 2017 (207)
  • April 2017 (104)
  • May 2017 (169)
  • June 2017 (205)
  • July 2017 (189)
  • August 2017 (195)
  • September 2017 (186)
  • October 2017 (235)
  • November 2017 (253)
  • December 2017 (266)
  • 2016
  • January 2016 (164)
  • February 2016 (165)
  • March 2016 (189)
  • April 2016 (143)
  • May 2016 (245)
  • June 2016 (182)
  • July 2016 (271)
  • August 2016 (247)
  • September 2016 (233)
  • October 2016 (191)
  • November 2016 (243)
  • December 2016 (153)
  • 2015
  • January 2015 (1)
  • February 2015 (4)
  • March 2015 (164)
  • April 2015 (107)
  • May 2015 (116)
  • June 2015 (119)
  • July 2015 (145)
  • August 2015 (157)
  • September 2015 (186)
  • October 2015 (169)
  • November 2015 (173)
  • December 2015 (205)
  • 2014
  • March 2014 (2)
  • 2013
  • March 2013 (10)
  • June 2013 (1)
  • 2012
  • March 2012 (7)
  • April 2012 (15)
  • May 2012 (1)
  • July 2012 (1)
  • August 2012 (4)
  • October 2012 (2)
  • November 2012 (2)
  • December 2012 (1)
  • 2011
    2010
    2009
    2008
    2007
    2006
    2005
    2004
    2003
    2002
    2001
    2000
    1999
    1998
    1997
    1996
    1995
    1994
    1993
    1992
    1991
    1990
    1989
    1988
    1987
    1986
    1985
    1984
    1983
    1982
    1981
    1980
    1979
    1978
    1977
    1976
    1975
    1974
    1973
    1972
    1971
    1970
    1969
    1968
    1967
    1966
    1965
    1964
    1963
    1962
    1961
    1960
    1959
    1958
    1957
    1956
    1955
    1954
    1953
    1952
    1951
    1950