All you need to know about India’s Global Housing Technology Challenge
The Global Housing Technology Challenge is a scheme that was created by the ministry of housing to reduce the cost of constructing homes.
It was on the 14th of January, 2019, that The Global Housing Technology Challenge (GHTC) was launched.
The population of India is predicted to grow by 40% in 2030 for which the ministry of housing has launched the Pradhan Mantri Awas Yojna- Urban (PMAY-U) in order to meet the increasing housing needs all over the country.
The main aim of GHTC is to find new and proven technologies that are sustainable, energy-saving, efficient, can manage any kind of disaster and can allow any kind of transformation in affordable housing.
Key Points of GHTC
The entire concept of this initiative came up after a massive discussion with a varied range of stakeholders.
Researchers, start-ups, technology suppliers, academics and developers will be motivated to participate in GHTC. This together will bring in a lot of technology shift in the construction sector.
Light-house projects will be established with high-end technologies in order to have a highly developed environment.
The initiative aims to find the most cutting-edge technologies from around the world and put them into proper use.
Accelerator workshops, and incubation assistance can help to promote the future of technology in and around the world.
There are six light-house projects that are being constructed in six different places across the country.
Six unique and different technologies will be used in making these projects. All these technologies are recognised as a part of GHTC. Infrastructural amenities, and 1000 homes at each location will all combine to construct the light-house projects.
In comparison to existing traditional methods of construction, the GHTC will provide ready-to-live homes within 12 months.