The Maharashtra government proposes to amend the Development Control Rules for the introduction of green building regulations initially in Mumbai and later in Tier-two cities of the state.
Under these regulations, it will be mandatory for new buildings to use green technologies for recycling dry waste and drainage water, vermiculture for treatment of wet waste, solar energy and above all rainwater harvesting.
The government proposes to provide incentives in the form of rationalisation in property tax and electricity tariff, and reduction in state taxes like VAT and Octroi on green technologies.
The government's move comes at a time when Mumbai is reeling under acute water shortage and is expected to face power deficit soon.
Similar initiatives have been taken by Delhi, West Bengal, Karnataka, Kerala and Rajasthan.
However, said sources in the realty sector, Maharashtra will be the first to put these incentives in a regulatory framework.
