Prime Minister Narendra Modi promised housing for all and said it is time to put an end to the miseries of the poor, while laying the foundation stone of Light House Projects (LHPs) under Global Housing Technology Challenge (GHTC)-India, across six States in the country today through video conferencing.
The Prime Minister asserted that the global challenge of COVID-19 gave the nation a scope to innovate and incubate new technology. He said, the 6 lighthouse projects launched today will show a new direction to the housing construction sector in the country. Mr. Modi said, these projects will be made up of modern technology and innovative processes. He said, these will be constructed in less time but will be more affordable and comfortable for the poor. He said, the biggest dream of everyone is to have their own homes and the centre has given priority to the sensibilities and feelings of the poor and middle class people living in the city under the housing for all scheme. Mr. Modi said, the government has brought back people’s faith in reality projects by bringing in the RERA regulations.
He said the government is committed to promoting investment in the real estate sector and is constantly making efforts towards it. Mr. Modi said the Housing tax in the country is also being reduced to promote buyers. He said, tax that stood at 8 per cent on cheap houses, stands at just 1 per cent today while that on average houses it stands at just 5 per cent.
Mr. Modi also announced winners under Affordable Sustainable Housing Accelerators (ASHA)- India and gave out annual awards for excellence in implementation of Pradhan Mantri Awas Yojana – Urban (PMAY-U) Mission. 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.
The Minister for Housing and Urban Affairs Hardeep Singh Puri along with Chief Ministers of Tripura, Jharkhand, Uttar Pradesh, Madhya Pradesh, Gujarat, Tamil Nadu and Andhra Pradesh were also present on the occasi