Several banks offer rebate on interest rates for green buildings, says expert

Faiza Solanki, regional technical and business development specialist, International Finance Corporation, World Bank Group Member on Wednesday said several banks offered rebate on interest rates for those building green homes. This applied for those constructing individual houses and building homes commercially.

During a panel discussion moderated by N. Ravikumar of The Hindu on ‘Real Estate and Sustainability: Building growth without building environmental debt’, at the CPCL-The Hindu Sustainability Summit 2026 held in the city, she said banks had a list of eight points to be covered for individuals.

Ms. Solanki said more and more commercial buildings and residential buildings were going for green certification. “From 2013, main stream green certification has been growing. It is still growing. Even affordable buildings such as the Tamil Nadu government’s Thozhi Hostels are green verified,” she added.