In a major breakthrough, BCIL has signed a deal closure for Rs 900 million from a large Bombay-based funding institution. The transaction is a combination of funding in the two premium BCIL projects exceeding over 1 million sft between Bangalore and Chennai.
This is the first major fund that the green major has accepted after establishing itself as an undisputed leader in energy-efficient buildings.
ZedEarth in Bangalore is a half- million sft. development that cuts fresh water demand by 70 per cent, uses no borewells and cuts energy demand also by 60 per cent with a combination of demand-side and innovative supply-side solutions.
ZedRia in Chennai offers over 600,000 sft of similar zero energy developed homes with no dependence on external water supply and sewerage board.
Energy and water harvesting and urban agriculture are unique to each of these zero energy developments. Both projects are under way and will offer a total of nearly 1,000 homes over the next 1 to 3 years.