Chennai realty developer Akshaya turns green

CHENNAI - Embracing green building concepts, city-based real estate development company Akshaya P. Ltd Thursday declared that all its projects will sport green building ratings.

“It is a big challenge for us and for any developer to deliver on this promise. For instance, even the selection of a site plays an important part in getting the green rating for a structure,” the firm’s chairman and CEO T. Chitty Babu told reporters here.

“The project site plays an important role in green rating of a building. For instance, buildings to be qualified for green rating should not be near the river flood line or come up on an area where endangered species live. Further while rating a building, the reduction in carbon foot print will also be taken into account,” M.Krithikha, a senior consultant at En3 Sustainability Solutions P.Ltd told IANS.

She said the other four criteria’s that are considered for green rating of a building are energy and water to be consumed in that building, construction materials used and the indoor environment.

Akshaya develops commercial as well as residential properties. While it sells the residential properties, it lets out the commercial space on rent so as to have a steady stream of income.

“Both our residential and commercial projects will get the green building ratings,” Babu said.

Detailing Akshaya’s new luxury apartment project 36 Carat, Babu said it will have 36 apartments each measuring around 2,806 sq.ft. and priced at around Rs.12,500 per sq.foot.

“The project consists of two 10 storied towers. Each apartment will have living, dining, family and three bed rooms and servant quarters. The minimum price of an apartment will be around Rs.3.3 crore,” Babu said.

While the company has got 200 registrations for the project, it will decide to whom the apartments will be sold.

“The registrations were made by people without knowing the price and other conditions. We will be selling only to those who will be residing in the apartments and not for investors,” he said.

Apart from the usual features (paved driveway, video door phones, club house, gym, jacuzzi and others) that come with all luxury apartments, 36 Carat will have an open, rooftop swimming pool.

He said the project will be completed in 24 months time.