15 Jan Global Housing Technology Challenge Launched
The Central government has launched the Global Housing Technology Challenge for developing technological solutions to construct homes faster and cheaper.
Highlights of the Challenge
- The government will provide a grant of Rs. 150 crore for constructing 6000 homes using innovative technologies.
- The aim is to build homes faster and cheaper than at present.
- The Union Ministry of Housing and Urban Affairs through a bidding process will identify proven technologies from across the world that can be applied for Indian conditions.
- Of the bidders, six will be selected to build 1,000 home units each.
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- An assistance of Rs. 1.5 Lakh will be provided by the centre and state governments with an additional Rs. 2.5 Lakh per unit will be provided as technology grant by the central government.
- For developing technologies, four IITs will provide incubation facilities.
The Need For A Challenge
- Under the Pradhan Mantri Awas Yojana (Urban), the government has an ambitious target of constructing 2 crore houses for urban poor by 2022.
- The programme began in the year 2015.
- Halfway through to 2022, the government has so far achieved only 10% of the target. It is believed that technological advancement will enable the government to achieve the target by increasing the pace of construction.
- The current pace of completing a project is three years. The government, by throwing up the challenge to global players, is aiming to reduce the time to three to four months.