Wednesday, 3 December 2014


CREDAI-IFC MOU FOR GREEN BUILDINGS IFC, a member of the World Bank Group, and the Credai, the apex body of private real estate developers of India, have partnered to promote green buildings in the country through IFC's EDGE certification.An MoU was signed between the two in the presence of Union minister for Environment and Forests, Prakash Javadekar.

EDGE (Excellence in Design for Greater Efficiencies) is a standard that focuses on energy and water efficiency in buildings. Fast, easy to use, and affordable, EDGE empowers builders and homeowners to choose environment-friendly technical solutions while capturing costs and projected savings.

Credai encourages its members to incorporate resource efficiency in their design using EDGE. To qualify for the certification, these efficiencies must result in savings of at least 20% in energy, water, and materials over the local standard practices.

“This partnership has the potential to transform the housing market and put India in a leading position to apply green-rating system for homes on a large scale,“ Getamber Anand, president (Elect), Credai, said at the body's recently-held “Clean India-Skilled India-Strong India“ Conclave.

“Green buildings are a compelling need and IFC will be working in this fast growing Indian market,“ said Serge Devieux, IFC's regional director for South Asia. IFC has invested $600 million in green buildings globally, in the last five years.

In India, IFC's clients--VBHC, an affordable-housing developer, and SAMHI, a budget hotel developer-have benefited from the use of EDGE.

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