RESPONSIBLE GROWTH INDEX
Rating for New Buildings
Covers:
- Commercial Building Construction
- Green Building and Certified Projects
- Mixed-use developments (residential and commercial)
- Government Building Construction (offices, public centers)
- Retail and Shopping Malls
- Cultural and Educational Buildings (museums, schools)
- Iconic High-Rise Developments
- Construction of Auditoriums and Theaters
- Hospital and Healthcare Facility Construction
- Public Utility Buildings (police stations, fire stations)
Relevance and Impact
New building projects are increasingly complex, requiring careful consideration of environmental sustainability, social impact, and economic viability. From iconic high-rises to government offices, healthcare facilities, and mixed-use developments, modern construction projects face growing pressure to meet stringent environmental standards, promote community well-being, and contribute to long-term economic stability. The New Buildings Rating System addresses these challenges by providing a structured approach to responsible development.
Rising Environmental Expectations: Developers are under pressure to reduce the environmental footprint of new buildings. Green building projects, including those that aim for certification, focus on energy efficiency, waste reduction, and sustainable materials, helping to meet these expectations. Solutions such as integrating renewable energy sources and employing water conservation technologies address both environmental concerns and regulatory demands.
Long-Term Cost Efficiency: Many developers and investors face the challenge of balancing upfront construction costs with long-term financial sustainability. Incorporating energy-efficient designs, materials with longer lifespans, and advanced building systems into new developments can reduce operational costs over time. These solutions not only improve cost efficiency but also increase the building’s market value and appeal to environmentally conscious tenants or buyers.
Social Impact and Community Well-being: Public and government buildings, healthcare facilities, schools, and cultural institutions must prioritize accessibility, safety, and comfort for their users. These projects benefit from adopting strategies that enhance social inclusion and well-being, such as promoting natural light, indoor air quality, and integrating communal spaces that foster social interaction. This helps developers address rising expectations around social responsibility and community engagement.
Regulatory Compliance and Green Certification: With governments around the world implementing stricter environmental and social regulations, developers must ensure that new projects comply with local, national, and international standards. By focusing on green building certification, energy efficiency, and sustainable design practices, developers can meet regulatory requirements while also addressing market demand for eco-friendly, responsible construction.
Complexity in Mixed-use and Iconic Developments: Mixed-use developments and iconic high-rise buildings pose unique challenges in terms of planning, design, and functionality. Balancing the needs of commercial and residential tenants, ensuring efficient use of space, and creating appealing designs are crucial. A sustainable approach, incorporating smart building technologies and efficient land use, can resolve these challenges by making developments more adaptable, energy-efficient, and user-friendly.
Public Infrastructure and Safety Requirements: Public utility buildings, such as police stations, fire stations, and healthcare facilities, must meet stringent safety standards while ensuring efficient service delivery. Building these facilities with a focus on resilience, disaster preparedness, and energy efficiency ensures they can meet public needs while also addressing broader sustainability goals.
By offering solutions to these issues, the rating system for new buildings guides developers toward more sustainable, socially responsible, and economically sound practices. This approach not only enhances the longevity and marketability of the buildings but also contributes to the well-being of occupants and the broader community, creating a lasting positive impact.
What Will I Be Able To Do?
Tangible Benefits:
- Save on energy bills and maintenance with energy-efficient designs.
- Attract tenants quickly and keep them longer with appealing eco-friendly features.
- Gain access to investors interested in sustainable projects.
- Charge premium prices for green units due to increased demand.
- Stand out to environmentally conscious buyers and renters.
- Simplify meeting sustainability regulations.
Intangible Benefits:
- Control development time and budget overruns.
- Meet project deadlines, without compromised quality, or increased development costs.
- Manage delays and budget overruns.
- Unlock green capital, and attract new investments, markets, and clients.
- Avoidance of costly penalties and access to governmental incentives through sustainability efforts.
What Will I Get?
This certification guides New Building Projects by incorporating the following scopes:
Environmental Scope:
1. Adoption of sustainable practices like energy efficiency, water conservation, and waste management.
2. Implementation of green technologies and reduction of carbon footprints.
3. Promotion of resource optimization to minimize environmental impact.
Social Scope:
1. Ensuring fair labor practices, safe working conditions, and employee well-being.
2. Promoting diversity, equity, and inclusion within the workplace.
3. Enhancing community engagement and fostering positive social impacts.
Governance Scope:
1. Strengthening compliance with regulations, data privacy, and intellectual property protection.
2. Establishing transparent and ethical business practices.
3. Implementing robust governance structures to mitigate legal and operational risks.
Economic and Geopolitical Scope:
1. Encouraging market diversification and strategic partnerships.
2. Developing risk management strategies to address economic and geopolitical uncertainties.
3. Fostering innovation to create new market opportunities and drive economic resilience.
Innovation and Market Leadership Scope:
1. Promoting responsible and ethical software development practices.
2. Differentiating companies through sustainable product offerings and innovative solutions.
3. Enhancing brand reputation and market positioning as leaders in responsible technology.
Certification Levels
REGI Responsible Projects Certification Levels
Certification Level
Points Range
Description
1-STAR
Certified Level
40-49
Ideal for those initiating sustainable practices. A step towards a more responsible and eco-friendly approach.
2-STAR
Bronze Level
50-59
For entities committed to advancing sustainability initiatives. Recognizes efforts in resource efficiency and waste reduction.
3-STAR
Silver Level
60-69
Suitable for organizations with a substantial commitment to sustainability. Acknowledges achievements in various aspects of responsible practices.
4-STAR
Gold Level
70-79
Honors entities showcasing a high level of dedication to sustainable practices. Acknowledges excellence in resource efficiency, carbon footprint reduction, and waste management.
5-STAR
Platinum Level
80+
Represents the pinnacle of REGI certification. Signifies profound dedication to holistic sustainability, innovation, and continuous improvement.
Fee Structure
Registration Fee (Rs)
REGI Founding Member
₹25,000
REGI Annual Member
₹25,000
Non-Member
₹30,000
Certification Fee(Rs)
REGI Founding Member
₹1,25,000
REGI Annual Member
₹1,80,000
Non-Member
₹2,25,000
NOTES:
- Registration fee is a one-time fee paid at the beginning of the certification process.
- Fee is exclusive of Goods and Services Tax (GST)
- Certification fee is the main fee for assessing and certifying your product, service, or project.
- Registration, Precertification and Certification fee are non-refundable
Payment Details:
Payment can be conveniently done through a Debit Card, Credit Card or Net Banking.
Resources
Abridged List of References: