India, Dec. 11 -- Although building codes and standards remain voluntary, many states and ULBs have either mandated or incentivised green buildings in order to spur the market forward. This has resulted in a gradual increase in green building construction. Pimpri Chinchwad Municipal Corporation (PCMC), besides other municipal bodies, is offering discounted development premium to green buildings. "While this benefits the builders, end users are being provided substantial rebates on their property tax. Of course, builders are bound by their commitments through bank guarantees, to ensure that their buildings continue to perform as per the prescribed green norms well after they have been occupied," says Sanjay Seth, CEO, GRIHA Council.

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