Cost savings from efficiency gains are at the core of the green building business case. Significantly lower energy bills are said to be a major factor in the green rent premium observed in earlier studies. Our study tests this relationship by inferring energy costs from operating expenses for a large dataset of U.S. office buildings and relating them to rental rates. We find that eco-certification is associated with a higher than anticipated total energy expenditure, which is the opposite of its expected effect.

The white paper puts forward recommendations for the coordinated enhancement of policies, codes, and regulations. It lay out a framework for guidance for the Ministry of Housing and Urban Affairs (MoHUA), the Ministry of Health and Family Welfare (MoHFW), and the Review Committees of the Bureau of Indian Standards (BIS) for the National Building Code (NBC), to harmonise their actions for healthy affordable housing in urban areas.