Indian banks offer interest rate rebates to buyers of green-certified buildings

Several Indian banks are offering rebates on interest rates to buyers of green-certified buildings, experts said at a sustainability summit, signalling a quiet shift in how the financial sector is responding to environmental concerns.

Panellists at the event called on state governments to introduce their own incentives to accelerate the adoption of green building standards, arguing that financial institutions alone cannot drive the transition at the scale required.

Speakers said greater coordination between lenders and policymakers would be essential to make sustainable construction more attractive to developers and home buyers alike.