Shree Ram Urban Infrastructure (SRUIL)
is planning to develop India's first green residential building - Palais
Royale - at Worli in Mumbai. The project is estimated to cost $200
million (approx.Rs.800 crore).
The project will be carried out with the
guidance of Indian Green Building Council (IGBC), a part of Confederation of
Indian Industry. The proposed 320 metre high tower will be designed by an architect
firm Talathy & Panthaky Associates in association with foreign consultants
such as Lehr Associates, New York and RWDI, Canada.
Work on the project is scheduled for
completion by 2010.
[Note: Green buildings are
different from the conventional structures as they will set benchmarks in water
management, waste recycling, energy savings and reduced carbon
emissions.]