1st green residential building to come up in Mumbai by 2010

Real estate developer Shree Ram Urban Infrastructure today said it would build the country's firs a cost of about Rs 800 crore by 2010, the company Vice-Chairman Vikas S Kasliwal told reporters here.

"We plan to complete the project in the next two years. With a height of over 320 metres, Palais Royale would be India's tallest green building," Kasliwal said.

The project will be carried out with the guidance of Indian Green Building Council (IGBC), a part of the country's leading industry body, Confederation of Indian Industry, Kasliwal said.

Nearly 181 green building projects have been registered with IGBC as on February, 2008, while the number is expected to go up to 1,000 in the next two years, IGBC's head, S Raghupathy said.

Green buildings are different from the conventional structures as they will set benchmarks in water management, waste recycling, energy savings and reduced carbon emissions, Raghupathy said.