India Green Building Market Assessment, By Building Type [Residential Buildings, Commercial Buildings, Industrial Buildings, Institutional Buildings, Public Infrastructure], By Product Type [Exterior Products, Interior Products, Building Systems, Solar Products, Others], By Application [Roofing, Flooring, Insulation, Others], By Region, Opportunities and Forecast, FY2018-FY2032F

India green building market is projected to witness a CAGR of 10.59% during the forecast period FY2025-FY2032, growing from USD 37.99 billion in FY2024 to USD 85.00 billion in FY2032. 

India Green Building Market Size, Share, Growth & Forecast 2032

India Green Building Market is projected to witness a CAGR of 10.59% during the forecast period FY2025-FY2032, growing from USD 37.99 billion in FY2024 to USD 85.00 billion in FY2032. The market has experienced significant growth in recent years and is expected to maintain an expansion in the coming years owing to growing awareness concerning a healthy and sustainable living environment, increasing demand for incorporating features including highly efficient heating, energy-efficient lighting, and ventilation in buildings, stringent government regulations concerning reducing carbon footprint, and growing awareness on the benefits of green buildings. India green building market demand is rising owing to increasing awareness regarding the&nbsp;negative impact of climate change, rising concern on air quality, and increasing demand for energy-efficient and greener properties. In addition, the Indian government&rsquo;s policies, including the&nbsp;National Building Code and Green Rating for Integrated Habitat Assessment, encourage green building practices, offering incentives and subsidies that promote Indian market growth for green building and boost sustainable construction. Furthermore, the rapid rise in energy prices forces property owners and developers to look for&nbsp;energy-efficient solutions. Green buildings offer reduced energy consumption and&nbsp;efficient usage of resources coupled with reduced environmental impact, driving demand for green building solutions in India.
Companies in the India green building market are increasingly adopting green building practices to improve their corporate social responsibility profiles and accomplish sustainability objectives. This trend fosters market growth as businesses invest considerably in eco-friendly infrastructure and announce sustainable initiatives to help organizations start net zero building journeys.
For instance, in March 2024, Mahindra &amp; Mahindra Limited and Johnson Controls International plc announced the first-of-its-kind Net Zero Buildings Initiative to decarbonize India&rsquo;s commercial, urban residential, and public buildings. This joint initiative helps to build, and facility owners learn about best practices of sustainable buildings and supports organizations to shift toward net zero buildings.&nbsp;&nbsp;
<h2>Technological Advancements in Construction Drives the India Green Building Market Growth</h2>
Innovations in construction technology are significantly supporting the growth of the green building market in India. Techniques including modular construction, prefabrication, and advanced materials like energy-efficient glazing and green insulation are becoming more prevalent. These technologies reduce construction waste and improve energy efficiency in buildings. As developers adopt these innovations, the cost-effectiveness and performance of green buildings enhance, making them more attractive to investors and homeowners alike, thus fostering market growth in the forecast period. Companies in the market are advancing technologies for green buildings or sustainable construction to address the growing demand for healthier living environments.
For instance, in April 2024, Hindustan Construction Company Limited announced the launch of a new and advanced product line of eco-friendly construction materials to reduce the&nbsp;carbon footprint of its projects.
<h2>Rising Consumer Demand for Sustainability Propels the India Green Building Market Demand</h2>
There is a shift in consumer preferences towards sustainable living. Homebuyers and tenants are increasingly prioritizing energy-efficient and eco-friendly features in buildings. This trend is driven by greater awareness of climate change and environmental issues, which requires green buildings that provide lower utility costs and healthier living environments. Developers are responding by incorporating sustainable practices, which in turn fosters the&nbsp;growth of the green building market as more projects are designed with sustainability at their core. Companies in the market are efficiently investing in green building technologies to address the demand for sustainable designs and accomplish sustainable benchmarks. In addition, companies are significantly announcing the establishment of sustainable objectives to bring together popular leaders who are the frontrunners of propelling advancements in the green building market.
For instance, in April 2024, Navrattan Group announced the launch of &lsquo;Green Cement&rsquo; in India to address the rising demand for sustainable building materials and be a game-changer in the India green building market. &nbsp;
<h2>Government Policies and Initiatives Force the Growth of the&nbsp;Green Building Market in India</h2>
The Indian government significantly promotes green building practices through initiatives, including the Energy Conservation Building Code (ECBC) and various state-level policies. These regulations promote sustainable construction by offering incentives for energy-efficient designs and materials. Programs, including the Green Rating for Integrated Habitat Assessment (GRIHA), also support developers in accomplishing sustainability benchmarks. With government backing, the market for green building in India is expected to rise as more developers seek to observe regulations and attract environmentally conscious buyers. Furthermore, the Indian government aims to make cities eco-friendly by encouraging environmentally friendly habitats through advancements in energy efficiency in building, improved management of solid and liquid waste, urban planning, and conservation by making efficient changes in a regulatory framework.
For instance, in February 2023, the Government of India provided tax benefits to developers of Leadership in Energy and&nbsp;Environmental Design (LEED)-certified buildings through the Income Tax Act. Developers can claim up to 100% depreciation on the cost of green building assets such as rainwater harvesting systems, solar panels, and waste management systems. &nbsp;
<h2>Commercial Buildings Dominate the India Green Building Market Share</h2>
Commercial Buildings dominate the market growth owing to rising awareness of the benefits of sustainable buildings and increasing investments in green office spaces. Green buildings offer significant savings through energy efficiency, reduced waste management practices, and waste usage. In addition, the Indian government has implemented different policies encouraging sustainable construction in the&nbsp;commercial sector, driving the Indian commercial building market growth in the forecast period. Compliance with regulations, including the&nbsp;Energy Construction Building Code, incentivizes developers to pursue green building certifications, further surging the market share of commercial buildings. In addition, there is a rising awareness among businesses and consumers about climate change and environmental sustainability, driving requirements for commercial spaces.
For instance, in August 2024, Oberoi Realty Limited announced plans for a&nbsp;1.8 million-square-foot construction project in Worli, Mumbai, which will include a mall, a hotel, and office space to expand its market presence and increase competition.
Residential Buildings are Expected to Hold the Largest Market Share
Residential buildings are expected to hold the largest market share owing to growing public awareness of environmental issues and an increase in the&nbsp;disposable income of consumers. Advancements in construction technologies, including energy management systems and smart building solutions, make establishing residential buildings easier and more efficient. These innovations enhance the appeal of residential buildings, contributing to their projected dominance in the green building market. Upgrading residential buildings can significantly improve their market value. Sustainable residential building features attract tenants and command higher rental rates, making such investments financially advantageous for property owners. These factors are projected to foster the growth of India's residential building market in the forecast period.
For instance, in October 2024, NeoLiv Real Estate Private Limited announced the acquisition of 12 acres of land in Alibaug, Maharashtra, to develop a housing project worth USD 4.8 million to deliver exceptional living experiences that will set new benchmarks for residential developments.
<a href="https://www.marketsandata.com/industry-reports/india-green-building-market/sample-request">Download Free Sample Report</a>
Future Market Scenario (FY2025-FY2032F)
<ul>
<li>Advancements in construction technologies and materials have made it easier to build energy-efficient structures, increasing the feasibility and attractiveness of green building projects.</li>
<li>Green buildings prioritize indoor air quality, natural lighting, and thermal comfort, contributing to the health and well-being of occupants, which is increasingly valued by both businesses and homeowners.</li>
<li>Companies are integrating sustainability into their CSR strategies, investing in green buildings to enhance their brand reputation, meet stakeholder expectations, and attract eco-conscious consumers.</li>
<li>Increasing public consciousness about climate change and environmental sustainability is motivating consumers and businesses to seek green building options that reduce their ecological footprints.</li>
</ul>
Report Scope
&ldquo;Green Building Market Assessment, Opportunities and Forecast, FY2018-FY2032F&rdquo;,&nbsp;is a comprehensive report by Markets and Data, providing in-depth analysis and qualitative and quantitative assessment of the current state of India green building market, industry dynamics, and challenges. The report includes market size, segmental shares, growth trends, opportunities, and forecast between FY2025 and FY2032. Additionally, the report profiles the leading players in the industry, mentioning their respective market share, business models, competitive intelligence, etc.
<table>
<tbody>
<tr>
<td width="301">
Report Attribute
</td>
<td width="301">
Details
</td>
</tr>
<tr>
<td width="301">
Base Year of the Analysis
</td>
<td width="301">
FY2024
</td>
</tr>
<tr>
<td width="301">
Historical Period
</td>
<td width="301">
FY2018-FY2023
</td>
</tr>
<tr>
<td width="301">
Forecast Period
</td>
<td width="301">
FY2025-FY2032
</td>
</tr>
<tr>
<td width="301">
Projected Growth Rate
</td>
<td width="301">
CAGR of 10.59% between FY2025 and FY2032
</td>
</tr>
<tr>
<td width="301">
Revenue Forecast in FY2032
</td>
<td width="301">
USD 85.00 billion
</td>
</tr>
<tr>
<td width="301">
Segments Covered
</td>
<td width="301">
Building Type, Product Type, Application
</td>
</tr>
<tr>
<td width="301">
Regions Covered
</td>
<td width="301">
North, South, East, West &amp; Central
</td>
</tr>
<tr>
<td width="301">
Key Companies Profile
</td>
<td width="301">
Larsen &amp; Toubro Limited, Blue Star Limited, Daikin Industries, Ltd., Oberoi Realty Limited, Johnson Controls International plc, Godrej Properties Limited, Reliance Infrastructure Ltd, Punj Lloyd Limited, GMR Infrastructure Limited, Jaiprakash Associates Limited (Jaypee Green), Wienerberger Ltd.
</td>
</tr>
<tr>
<td width="301">
Customization Scope
</td>
<td width="301">
15% free report customization with purchase
</td>
</tr>
<tr>
<td width="301">
Pricing and Purchase Options
</td>
<td width="301">
Avail the customized purchase options to fulfil your precise research needs
</td>
</tr>
<tr>
<td width="301">
Delivery Format
</td>
<td width="301">
PDF and Excel through email (subject to the license purchased)
</td>
</tr>
</tbody>
</table>
In the report,&nbsp;India green building market&nbsp;has been segmented into the following categories:&nbsp;
<ul>
<li>By Building Type
<ul>
<li>Residential Buildings</li>
<li>Commercial Buildings</li>
<li>Industrial Buildings</li>
<li>Institutional Buildings</li>
<li>Public Infrastructure</li>
</ul>
</li>
<li>By Product Type
<ul>
<li>Exterior Products</li>
<li>Interior Products</li>
<li>Building Systems</li>
<li>Solar Products</li>
<li>Others</li>
</ul>
</li>
<li>By Application
<ul>
<li>Roofing</li>
<li>Flooring</li>
<li>Insulation</li>
<li>Others</li>
</ul>
</li>
<li>By Region
<ul>
<li>North</li>
<li>South</li>
<li>East</li>
<li>West &amp; Central</li>
</ul>
</li>
</ul>
Key Players Landscape and Outlook
Many companies are investing in cutting-edge technologies like energy-efficient HVAC systems, smart building solutions, and renewable energy sources (solar, wind) to enhance their offerings. This not only improves building performance but also attracts environmentally conscious clients. Companies are expanding their portfolios by incorporating a wide range of green building materials, such as recycled or locally sourced materials and energy-efficient fixtures. This diversification meets the varied needs of clients and broadens market appeal. Continuous R&amp;D into sustainable materials and construction techniques enables companies to stay ahead of market trends. Innovations can lead to more efficient building processes and the development of new, eco-friendly products.
In June 2024, Delhi International Airport Limited (DIAL), which GMR Infrastructure Limited leads, reached an impressive milestone of 57% reduction in electricity consumption per passenger since 2010. DIAL's energy-saving measures include integrating green building practices, using energy-efficient infrastructure, and continuing efforts to optimize consumption further. This achievement is a crucial step toward its goal of becoming a net zero emissions airport by 2030.
Key Players Operating in India Green Building Market are:
<ul>
<li>Larsen &amp; Toubro Limited</li>
<li>Blue Star Limited</li>
<li>Daikin Industries, Ltd.</li>
<li>Oberoi Realty Limited</li>
<li>Johnson Controls International plc</li>
<li>Godrej Properties Limited</li>
<li>Reliance Infrastructure Ltd</li>
<li>Punj Lloyd Limited</li>
<li>GMR Infrastructure Limited</li>
<li>Jaiprakash Associates Limited (Jaypee Green)</li>
<li>Wienerberger Ltd</li>
</ul>
Markets and Data&rsquo;s reports answer the following questions:
<ul>
<li>What is the current and future market size of the product/service in question globally or specific to different countries?</li>
<li>How are the markets divided into different product/service segments and the market size and growth of each segment?</li>
<li>What is the market potential of different product segments and their investment case?</li>
<li>How are the markets predicted to develop in the future and what factors will drive or inhibit growth?</li>
<li>What is the business environment and regulatory landscape specific to the product/service?</li>
</ul>
If you can't find what you're searching for or have any custom requirements for India green building market, you may approach our team at&nbsp;<a href="mailto:info@marketsandata.com">info@marketsandata.com</a>

India Green Building Market Assessment, Opportunities and Forecast, 2018-2032F

The Indian green building market is expected to grow due to the government's increased incentives for sustainable construction, growing consciousness regarding environmental issues, increasing company investment in sustainable buildings, and stringent government regulations on climate change. 

FAQs

Industry Reports

Blogs

Case Studies

Industry News

Press Release

Infographics