PM Launches Affordable Housing Projects

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
- 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.

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.

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.