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Design Arch to invest in ‘green’ residential project 25/09/2008
Real Estate developer Design Arch said that it will develop a residential project with application of green technology in Greater Noida. The company plans to develop 10 such e-house projects in the metros by 2010-11. “We have just announced our first e-home concept called Gardenia E-Homes at Greater Noida. It will be followed by another nine such project in various metros over next three years,” Design Arch Managing Director J K Jain said. He said that the company is investing Rs 150 crore for the Greater Noida project and expects a realisation of Rs 250 crore once the project is completed by mid 2010.

“A green building may cost a little more initially, but saves through lower operative cost over the life of the building. There are many benefits, such as improving occupants’ health, reducing pollution and land fill waste,” he added. He said that the company will develop both commercial as well as residential properties with this new concept. The structures would be electronic savvy, environment friendly, earthquake resistant besides other amenities. “The green buildings in our project area will have four components, including energy saving, water saving, better indoor air quality and hygienic conditions and reduction of construction material waste,” he said.

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