Govt of India


Top builders rush to install solar rooftops on dipping costs, favourable govt policies

19 Sep 2016

solar-homecopyNEW DELHI: Major real estate developers like DLF, Lodha, Vatika, IREO and Wadhwa Group are increasingly opting for solar rooftops on their buildings due to lower lifecycle costs, favourable state policies and a brand differentiation.

While Mumbai-based real estate firm Lodha Group is running a pilot project using solar energy at its 4,500-acre township named Palava in Mumbai, another city based developer. The Wadhwa Group has tied up with Waaree Energies for installing solar panels across all their projects.

DLF has recently tied up with solar energy developer Azure Power to set up solar panels on the rooftops of its Gurgaon properties, while Vatika Group has tied up with Amplus Energy Solutions to set up solar rooftop systems across six buildings in Gurgaon.

Private equity fund and developer IREO has also tied up for 100% solar power with a 9 mega watt (mw) third-party dedicated solar farm in Haryana for its first building at the 11 million sq ft IT SEZ being developed in Gurgaon's Golf Course Extension Road. The building will also have 600 KW rooftop solar panels.

The cost of generation of solar power through rooftops comes to around Rs 6-7 per unit or kilo watt hour (kwh), whereas peak power tariff in a state like New Delhi comes to around Rs 8 per unit, according to Amit Kumar, partner energy & utilities, PwC.

Also, solar rooftops have a lifetime of around 25 years, where the cost of generation stays stable as the sunrays are free, but the tariff increases by around 5% year-on-year. "This means the lifecycle costing makes it more viable than grid power, where the cost of generation increases with time," Kumar said.

The solar rooftop market in India is expected to grow at a CAGR of over 60% between 2016 and 2021, backed by favourable government measures and abundant solar resources, according to a TechSci Research report.

Improving manufacturing technology has led to reduction in cost of solar panels resulting in the overall cost of power generation.

Sanjeev Aggarwal, managing director and chief executive officer, Amplus Energy, feels the cost savings from solar power generation from rooftops can vary from 15% to 40% depending on the size of the project and the state in which the project is located. "Also builders are using solar rooftops as a brand building tool to sell homes to their customers," he added.

The central government scaled up the financial assistance for grid connected rooftop and small solar power plants programme by nearly 10-fold to Rs 5,000 crore last year, in a bid to increase the use of clean energy.

The government has also revised the target of National Solar Mission (NSM) from 20,000 mw to 100,000 mw by 2022. Of that, 40,000 MW is to come through grid connected solar rooftop systems.

There is some subsidy element as well that the central government has announced and might not be available for long, feels Kumar. "Thus, builders are making sure they avail the benefits of the same at the earliest," he added.

Many states have also taken several policy measures to promote solar power generation through rooftops.

The Haryana government has set a target of generating 1,600 MW power through rooftop solar plants by 2021-22 and and mandated installation of solar power plants of 3-5% connected load for all residential buildings on plots of 500 square yards and more as part of the Haryana solar power policy.

Solar plants are also mandatory in all government and private educational institutes, universities and offices having connected load of 30 kw and on top of all private hospitals, and industrial and commercial establishments having connected load of 50 kw.

The New Delhi Municipal Council (NDMC) last year allowed residents to install solar panel on rooftops to generate electricity. However, the power generated will have to be sold to the civic body, and residents cannot utilise it for their consumption.

The West Bengal government is also set to introduce a policy that will encourage households and other institutional and commercial buildings to install rooftop solar plants and do their bit in reducing carbon footprint.

By Sanjay Bansal | Founder & CEO | Affordable Homes India

Lotus Homz sec 111

Discuss on this Topic

Lotus Homz sec 111

Latest Real Estate News

Warehousing brings cheer to Gurugram’s real estate sector 11 Sep 2018
The warehousing segment may lack the charisma that a posh residential property may boast of but currently it is driving the real estate market in r Read More
Transfer EWS homes to housing board, builders told 11 Sep 2018
GURUGRAM: The state government has directed all developers to transfer their inventory of EWS houses to the state housing board in a bid to make th Read More
Realtors in Delhi may sell dreams on land they don't have 09 Sep 2018
Now that the policy is official, real estate experts worry that more builders may try their luck at shortchanging potential buyers and offering the Read More
Apathy floors affordable home aspirants 24 Jul 2018
While the sound bites on affordable homes is through the roof, things have not got off the floor Many Indians face untold hardships due to lack Read More
Final hurdle on Dwarka e-way off, to be ready by March 2018 13 Jan 2017
New Delhi: The Northern Peripheral Road, the 24-km long 8-laned expressway awaiting completion since 2012, seems to be finally on the home stretch Read More
PM Awas Yojana: Realtors hail increase in carpet area for houses; stocks up 17 Nov 2017
The Centre on Thursday approved the enhancement of the carpet area of houses for the middle-income group (MIG) category under the Pradhan Mantri Aw Read More
Cabinet nod for Rs 25,700 crore convention centre at Dwarka 11 Nov 2017
NEW DELHI: The Cabinet on Friday approved Rs 25,703 crore for development of an Exhibition-cum-Convention Centre at Dwarka here to put the national Read More

Trending News

1,500 low-cost flats in Gurgaon & Rewari up for grabs 05 Oct 2016
GURGAON: In last five years, the Haryana Urban Development Authority (HUDA) has found no takers for its low-cost Ashiana flats in Gurgaon & Rewari Read More
All eyes on exit policy as Noida walks tightrope between buyer and builder 10 Sep 2016
GREATER NOIDA: Top three development authorities of Gautam Budh Nagar met on Friday to chart out a course to realise a whopping outstanding amount of Read More
Cabinet gives nod to 100 smart cities, 500-city urban renewal mission 01 May 2015
Union Cabinet on Wednesday gave its nod to NDA government's flagship 100 smart cities project and the new urban renewal mission with a total outla Read More
Homes That Assist Begin New Life at 60 06 Aug 2016
SENIOR Housing that assist begin new life at 60. It wasn't quite Wembley Arena and his guitar turned off at times, however Raghav Prabhu finally live Read More
Ready-to-move-in homes preferred choice for buyers, NCR, Mumbai most cautious markets: Affordable Homes Survey 30 Aug 2016
NEW DELHI: Ready to move in homes kept on being the most favored option for majority of home buyers, with Delhi NCR and Mumbai ending up being the Read More
Lodha Group launches startup investment fund for realty, smart city technologies 05 Jan 2017
Realty developers Lodha Group has launched its maiden investment fund for startups focused on smart city solutions and overall real estate sector. Wit Read More
Gurgaon: Rain spells nightmare for Gurgaon worst visitors jams on thursday 30 Jul 2016
The millennium city witnessed considered one of its worst visitors Gurgaon traffic jams on Thursday as heavy raincoupled with the movement of kanwari Read More

Lotus Homz Affordable Housing

Zara Rossa

Pareena Laxmi Sec 99

Shree Vardhman Green Court

Value Added Services


Government Housing Scheme



  • Prime Minister Awas Yojana
  • Prime Minister Awas Yojana ( Gramin )
  • Samajwadi Awas Yojana
  • Deen Dayal Jan Awas Yojana
  • Mukhya Mantri Awas Yojna Rajasthan
  • Affordable Housing Policy 2013
  • Smart Cities Mission
  • DDA Land Pooling Policy 2018

Banking Partners



  • Corporation Bank
  • HDFC
  • IDBI Bank
  • LIC Housing Finance
  • Oriential Bank of Commerce
  • Reliance Home Finance
  • Bank of Baroda
  • SBI Home Loan
  • ICICI Bank Home Loan
  • India Bulls Home Loan
  • Axis Bank
  • PNB Housing Finance