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With an economic growth rate of 8.9%, which is the second fastest in the world, India is fast seen emerging as a major global bussiness giant. With 35 cities with population in excess of 1 million, and more cities joining the list, investment in urban infrastructure are projected to be higher than ever before.This of course is besides the investments already coming into the economy via \'foreign direct investments already coming into urban real estate development. This is one sector of the Indian economy that has activities, which are directly or indirectly linked to every other economic sector. The gross built-up area added to commerical and residential spaces was about 40.8 million square meters in 2004-05; the trends show a sustained growth of 10% over the coming year.
Construction activites in India have been pursued without giving much attention on environmental issues. This has resulted in pressure on its finite natural resources, besides creating impacts on human health and well-being. Unplanned and unsustainable urban development has lead to severe environmental pressures. the green cover, ground water resources have been forced to give way to the rapidly developing urban centres. Modren buildings built in our cities have high levels of energy consumption because of air conditioning and lighting.
