The Union Ministry of Housing and Urban Affairs launched the Global Housing Technology Challenge (GHTC) to make the construction of houses cost-effective and innovative.
Objective: To fast-track the construction of affordable housing and meet the target of constructing 1.2 crore houses by 2022.
Salient Features:
Under it, Centre will offer about ₹150 crore as a technology innovation grant to build 6,000 homes — cheaper, faster and better — using alternative technologies and materials.
The challenge will focus on identifying and mainstreaming proven demonstrable technologies through ASHA (Affordable Sustainable Housing Accelerators) — India.
Under the challenge, a grand expo-cum-conference on GHTC will be organised in March which will be a unique platform for the various stakeholders.
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