subject: Rise Of Environmental Real Estate [print this page] Solar panels and cars running from bio-fuels are only a few evidence that people are by now conscious for the necessity for nature friendly. So aware is the people regarding this fact, that the advancements making use of renewable natural resources are no longer confined to appliances and transportation. Now, even in the market of real estate, green technology is being created as the main resource for construction supplies.
A factory in Newark has successfully found a way to manufacture common construction supplies like bricks and cement with the use of fly ash, a byproduct of coal burning. These green bricks are reputed to decrease carbon dioxide emissions and reduce the energy used in manufacturing conventional clay bricks by eighty-five percent.
In the world market, the green real estate market is foreseen to raise from a forty five billion dollar market today to between ninety-six billion dollar and a hundred and forty billion dollar by 2013. This contains other parts of construction like labor and machinery. It is a deal costing less by half of the customary development. Accordingly, a number of construction businesses are under pressure to get a slice of the pie.
In the world of real estate, the same scuttle of firms is occurring despite the fall of construction expenditure and real estate price. Developers believe that given lower construction cost, increased profitability is still plausible even with a relatively small market.
Real estate researchers agree with developers stand, saying that soon the skyscrapers that will be rising are not traditionally built structures; instead, a group of green real-estate will be lead the vacant lots and crevices of the world.
