According to this report, the emerging economies like Brazil, India, Saudi Arabia and South Africa will be engines of green growth in the next three years, with development varying from two fold to six fold over current green building levels. New high-rise residential, communities and mixed-use development are expected to be the top three sectors for green building growth in India.
Global green building is expected to double by 2018, according to a new study from Dodge Data & Analytics, made possible with support from United Technologies Corporation and its UTC Climate, Controls & Security business, on which the World Green Building Council (WorldGBC) was a research partner. The study, World Green Building Trends 2016, Developing Markets Accelerate Global Green Growth, finds that the percentage of companies expecting to have more than 60 per cent of their building projects certified green is anticipated to more than double by 2018, from 18 per cent currently, to 37 per cent. The anticipated growth will largely be driven by countries that still have developing green markets, with firms from Mexico, Brazil, Colombia, Saudi Arabia, South Africa, China and India reporting dramatic growth in the percentage of their projects that they expect to certify as green.
Full report can be downloaded here. For India, please turn to page 44.