The Significance of Building Certifications in Mangalore's Real Estate

Mangalore, once a small port town, is now a thriving city in southern India. Its real estate market has been growing by leaps and bounds in the last few years. The city's proximity to the Arabian Sea and Western Ghats, along with its dynamic economy, make it a prime location for purchasing or renting property. One aspect that has gained importance in the real estate industry in Mangalore is the certification of buildings. So what are these building certifications and why are they necessary for property owners?

Building certifications are essentially a seal of approval that a property gets after undergoing a rigorous evaluation process. These certifications are usually awarded to buildings that meet certain environmental, safety, and energy efficiency standards. The purpose of these certifications is to promote environmentally sustainable construction practices and to ensure that buildings are safe and healthy places for people to live and work in.

In Mangalore, buildings that have been certified are seen as more desirable and attract higher prices than those that have not. Many buyers are willing to pay a premium for properties that have a certification as it provides peace of mind knowing that the building was constructed using sustainable materials and practices, and that they are investing in a property that is safe and healthy for their family.

Another benefit of building certifications is that they contribute to the larger goal of reducing carbon emissions and promoting sustainability. Green buildings that have been certified ensure that the environment is preserved while also reducing energy and water consumption, mitigating the impact of climate change. By promoting the construction of energy-efficient and sustainable buildings, we can work towards achieving an environmentally sustainable future for Mangalore.

Furthermore, a certified building can receive various incentives and tax benefits from the government. In India, the government encourages sustainable and green construction practices by offering huge tax breaks and subsidies to property owners. For example, property owners in Mangalore can avail themselves of upto 50% exemptions on property taxes if their buildings have been certified under certain programs.

The importance of building certifications has been acknowledged by developers in Mangalore and they are taking initiatives to promote it. Many builders are partnering with certification organizations to ensure that their constructions adhere to the highest standards. This trend is expected to continue as the demand for eco-friendly and sustainable buildings increases.

In conclusion, the certification of buildings is a crucial aspect of the real estate industry in Mangalore. It provides enormous social, environmental, and economic benefits, making it a win-win for all. With the benefits of building certifications pushing for sustainable and environment-friendly building practices, the real estate market in Mangalore is poised for growth in the coming years.