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Centre to launch tech challenge to address housing shortage

Press Trust of India  |  New Delhi 

To address the issues related to housing shortage in a time-bound manner, the Centre will launch the 'Global Housing Technology Challenge' here on Monday, officials said.

Union Housing and Urban Affairs (HUA) will launch the initiative under the Pradhan Mantri Awas Yojana-Urban (PMAY-U), said.

"Global Housing Technology Challenge-will enable a paradigm shift in the country's construction sector," Mishra tweeted.

"It will address issues related to housing shortage in a time-bound manner & focus on the need for emerging, cost effective & speedy construction technologies," he said.

The PMAY (U), launched by Prime in June 2015, aims to ensure "Housing for all by 2022" by providing financial assistance to the beneficiaries.

Around 68.5 lakh houses have been approved so far for construction under the PMAY (U).

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Sat, January 12 2019. 14:00 IST