Published On: Mon, Jun 19th, 2017

Soon cheaper loans, low registration fees in order to promote green homes

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By Accommodation Times Bureau

As part of the ‘Energy Conservation Building Code for Residential Sector (ECB-R)’ the government has proposed a scheme to promote energy efficient homes by offering cheaper loans and lower registration fee for green residential units.

The thinking behind the proposals is in line with the incentives given to rooftop solar projects for the residential sector, which have been brought under the ambit of home loans that enjoy low interest rates.

In the backdrop of climate change and carbon footprints reduction efforts, this is a welcome proposal and is lauded across spectrum. The government’s interest and effort will thus boost the spirits of environmentalists and nature lovers and will set out a model of an exemplary citizen.

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