You are here: Home » Current Affairs » News » National
Business Standard

PM Narendra Modi lays foundation stone of Light House Projects

Speaking at the event organised virtually, Modi said housing for the poor and the middle class has been a priority for his government

Narendra Modi | Indian Economy

Press Trust of India  |  New Delhi 

Narendra Modi | Image: Twitter
Narendra Modi | Image: Twitter

Prime Minister on Friday laid the foundation stone of Light House Projects under the Global Housing Technology Challenge-India (GHTC-India) at six sites across six states, a programme that seeks to build over 1,000 houses each in these cities in 12 months.

Speaking at the event organised virtually, Modi said housing for the poor and the middle class has been a priority for his government.

He said various measures taken by his government in the last six years has restored the confidence of the common man that he can own a house.

Earlier, he said, people's dream of having a house of their own was shaken as despite spending money they would often not get the promised home in time and were not sure of legal support, if needed. High interest rate was also a dampener, he added.

Construction sector acts as a force multiplier for the economy, he noted and added that his government has taken a number of steps to boost the real estate sector and will continue to do so.

Speaking of the Light House Projects, he said they are driven by modern technology and innovative process.

Houses being built under it will take less time to build and will be resilient, affordable and comfortable, he said, noting that modern construction practices from countries like France, Germany and Canada will be put into practice.

They will serve as incubation centres, he said, urging architects, planners, engineers and students to visit these projects.

The prime minister also announced winners under the Affordable Sustainable Housing Accelerators - India (ASHA-India) and gave out annual awards for excellence in implementation of the Pradhan Mantri Awas Yojana - Urban (PMAY-U) Mission.

During the event, he also released a certificate course on innovative construction technologies named 'NAVARITIH' (New, Affordable, Validated, Research Innovation Technologies for Indian Housing) and a compendium of 54 innovative housing construction technologies identified through GHTC-India.

Besides the prime minister, the housing and urban affairs minister, chief ministers of Tripura, Jharkhand, Uttar Pradesh, Madhya Pradesh, Gujarat, Tamil Nadu and Andhra Pradesh were present on the occasion.

The Light House Projects (LHPs) showcase the best of new-age alternative global technologies, materials and processes in the construction sector for the first time in the country at such a large scale, the government has said.

They are being constructed under GHTC-India which envisages to provide an ecosystem for adoption of innovative technologies in the housing construction sector in a holistic manner.

The LHPs are being constructed at Indore (Madhya Pradesh), Rajkot (Gujarat), Chennai (Tamil Nadu), Ranchi (Jharkhand), Agartala (Tripura) and Lucknow (Uttar Pradesh).

They comprise about 1,000 houses at each location along with allied infrastructure facilities.

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Sat, January 02 2021. 00:36 IST