Experts say green buildings can receive lower-cost bank financing
Several banks offer interest-rate rebates for green buildings, an expert said at a sustainability summit reported by The Hindu. Panellists also called on State governments to provide incentives for such buildings. The supplied material does not identify the banks, rebate levels or the government measures discussed.
Several banks are offering rebates on interest rates for green buildings, an expert said at a sustainability summit, according to The Hindu. The statement suggests that borrowers financing buildings that meet green standards may receive more favourable interest rates. However, the available material does not identify the banks involved, specify the size of the rebates or set out the eligibility requirements.
Panellists at the summit also urged State governments to introduce incentives for green buildings. The supplied report does not detail the proposed incentives or indicate whether any State government has adopted them. It provides no figures on the number of buildings covered by existing schemes, the value of lending involved or the environmental standards used to classify a building as green.
The remarks were made in the context of a sustainability summit, but no further information about the event or the participants is available in the supplied material.
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