A Study on Financing for Sustainable Construction Projects
D. Pramod Chakravarthi1, A. Aravindan2

1D. Pramod Chakravarthi, Department of Civil Engineering, Koneru Lakshmaiah Educational Foundation, Vaddeswaram, Guntur (A.P), India.
2Dr. A. Aravindan, Professor, Department of Civil Engineering, Koneru Lakshmaiah Educational Foundation, Vaddeswaram, Guntur (A.P), India.
Manuscript received on 30 April 2019 | Revised Manuscript received on 14 May 2019 | Manuscript Published on 28 May 2019 | PP: 169-173 | Volume-7 Issue-6C2 April 2019 | Retrieval Number: F10310476C219/2019©BEIESP
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© The Authors. Blue Eyes Intelligence Engineering and Sciences Publication (BEIESP). This is an open access article under the CC-BY-NC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/)

Abstract: In present scenario, Sustainability has utmost importance in the verge of climatic change worldwide. Construction industry today need to recognize that sustainable construction is becoming a greater concern. As it is the major consumer of natural resources and virgin materials. So there is an increasing demand for the sustainable designed construction projects. For any project, financing plays a crucial role and especially for the construction projects which are aiming to achieve the sustainability in their construction projects. There are many challenges involved in the financing of sustainable construction projects like risks due to different contract forms, lengthy approval process, unfamiliarity with the technologies, split incentives for owner and tenant, resistance to change, lack of education. To cater the special financial needs of sustainable projects, an innovative financial solution is Eminent. This research is a conceptual study with explorative methodology. This study proposed a possible model for financing of sustainable construction projects. This paper also completes the learning gap by recognizing and summarizing the present financing related issues in sustainable construction projects.
Keywords: Financing, Incentives, Policies, Project, Sustainability.
Scope of the Article: Construction Engineering