In News

The Prime Minister of India laid the foundation for Affordable Housing Projects to be constructed across six cities.

In-Detail

• 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
  • Rajkot-Gujarat
  • Chennai- Tamil Nadu
  • Agartala-Tripura
  • 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.

Key Features

• 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.