Availability Of Green Finance Crucial For Sustainable Projects

It goes without saying that builders and developers have a substantial role to play in the construction of green housing projects. Budget 2025 is likely to introduce incentives specifically tailored to encourage their involvement in such projects.

Possible measures could include tax credits for appropriate use of renewable energy sources, rebates for integrating sustainable building practices, as well as fast-track approval of green building projects.

The availability of green financing is crucial for driving sustainable development. While the government's initiative to develop a "taxonomy for climate finance" is commendable, its success hinges on the introduction of accessible financial products in the upcoming Budget.

Measures such as lower interest rates for green projects, tax incentives, and subsidies for adopting sustainable building materials and energy-efficient systems can significantly encourage developers to invest in green technologies.