The Prime Minister of India laid the foundation for affordable housing projects to be constructed across six cities.
- Prime Minister Narendra Modi laid the foundation stone for Six Light House Projects in six cities.
- These projects are part of the Global Housing Technology Challenge-India (GHTC-India) initiative.
- The key feature of the project is to build 1000 houses each in six cities.
- The six cities include
- Indore-Madhya Pradesh
- Chennai- Tamil Nadu
- Ranchi-Jharkhand and
- Lucknow-Uttar Pradesh.
- The duration for the completion of the project will be 12 months.
- The most modern construction practices will be adopted from countries such as France, Germany and Canada.
- The aim is to use new technologies to provide resilient, affordable and comfortable housing for the poor and the middle class.
- The Global Housing Technology Challenge provides the scope for incubating technologies for construction and innovation.
- The project sites will be visited by planners, architects and students.
- The newly adopted technologies will be molded in accordance with the local requirements.
- In the lighthouse projects, 1000 houses will be built each in Indore, Chennai, Agartala, Rajkot, Ranchi, and Lucknow.
- The houses will be constructed using prefabricated sandwich panel system in Indore.
- In Rajkot, the monolithic concrete construction system using tunnels from France will be adopted.
- The US and Finland’s precast concrete technology will be used for the construction of houses in Chennai.
- In Ranchi, a 3-D construction system from Germany will be used.
Benefits Under GHTC-India
- The middle class will be benefited from the relaxation in the home loan interest rates.
- The new Real Estate Regulation and Development Act (RERA) will provide protection to the middle class.
- To promote the real estate sector, a series of measures are also considered.
- To encourage buyers, taxes on affordable and regular houses had been reduced significantly.
- The Central Rental Housing Complex Project was initiated with the objective of issues faced by the migrant workers.
- This was initiated in coordination with the industrialists and investors.
- Through GHTC-India 54 innovative housing construction technologies were identified.