New Report Shows LEED Buildings Flourishing in India’s Key Sectors While Demonstrating Strong Return on Investment

Published on: 
3 Oct 2016
Author: 
Joe Crea

LEED buildings report significant savings on energy, with one project’s savings as high as INR 121 million in 2015 
New Delhi, India—(October 4, 2016)—Today, the Green Business Certification Inc. (GBCI), the certifying body for all projects participating in the LEED green building rating system, released its 2016 LEED in Motion: India report, a comprehensive report of LEED activity in India that found strong financial savings on energy for a number of sector-diverse, LEED Platinum and LEED Gold buildings across India. 
“Every story about LEED is a story about leadership and this new report shows that leaders across India have chosen LEED because it benefits their triple bottom-line: people, planet and profit,” said Mahesh Ramanujam, president, GBCI and COO, USGBC. “As the world’s leading system for sustainable building design, construction and operations, LEED helps innovative Indian business and political leaders attract new foreign investment, increase the competitiveness of real estate portfolios, enhance occupant health and wellness and position the nation as a world leader in the burgeoning green building economy.” 
The report, which was also featured as part of USGBC’s Greenbuild conference being held in Los Angeles this week, notes that the LEED Platinum ITC Sankhya Data Center in Bengaluru achieved an annual energy savings of INR 121 million and the LEED Gold K. Raheja Corp. Mindspace Building No. 9 in Hyderabad saved INR 24 million annually in energy and INR 3 million in water savings. 
“Advancing sound, measurable and quantifiable building performance data into the Indian market is key to our success, and our new report clearly demonstrates that LEED buildings perform and deliver a significant return on investment to the customer,” said Mili Majumdar, managing director of GBCI India and SVP, U.S. Green Building Council. “The centerpiece of our latest version of LEED is performance and we continue to explore solutions that allow our customers to easily monitor and manage their building portfolios." 
Additional projects that reported savings: 
Jaypee Vasant Continental Hotel
New Delhi, LEED Platinum
Annual Energy and Water Savings: INR 7 million 
Wockhardt Hospital
Mumbai, LEED Platinum
Annual Energy Savings: INR 2 million
*Between November 2014 to February 2016
IFFCO Sadan
New Delhi, LEED Gold
Annual Energy Savings: INR 1.6. million
Annual Water Savings: Up to 1.2 million liters
This timely report also examines recent and significant gains in the application of green building techniques throughout India, and even stronger year-over-year growth in the nation’s use of LEED. LEED in Motion: India notes strong growth in the number of LEED projects, with India currently the third largest country outside the U.S. for LEED, containing over 2,230 projects participating in LEED and encompassing more than 908 million gross square feet of LEED space.
“What we are seeing in India today is a massive amount of interest in sector-specific solutions for green buildings and LEED is emerging as the green building program of choice in India,” said P. GopalaKrishnan, regional director, USGBC. “In LEED v4, we have established comprehensive standards for the market and have adapted the rating system for specific sectors such as data centers, retail, warehouses, hospitality and schools. This, combined with the latest LEED performance platform, will ensure that sustainable building designs and operations shows the economic value and brings the CXOs into the arena.”  
LEED is a simple and effective program for navigating complex, sometimes competing, building and environmental issues affecting humans worldwide. Every day, more than 170,000 gross square meters of space is LEED-certified in more than 160 countries and territories. More than 79,600 commercial projects are currently participating in LEED, comprising more than 1.4 billion square meters of construction space. With specific achievement paths built in, LEED is designed for use in various building types in a variety of climates and localities, often syncing with local laws and requirements.
LEED in Motion: India is the latest in a series of reports from GBCI designed to provide a holistic snapshot of the green building movement in international markets. The report equips green building advocates with the insight and perspective to understand the use of the globally recognized LEED rating system and to make a strong case for sustainable building activity.
View the full report