Six companies will be given one year to construct around 1,000 houses in each project. The cities where work will be piloted will act as lighthouses for the project.
Here is the list of the Housing Technology Challenge participants and their technology:
Successive lockdowns deferred the competition by months. With the lifting of the lockdown restriction, the ministry plans to unveil the challenge in the upcoming couple of weeks, with the projects slated to begin in January. Modi will unveil the projects in the presence of respective Chief Ministers. States will extend helping hands to the companies and provide them resources and technology facilitation.
The government’s hope is to receive a range of new technologies for cost-effective and time-efficient housing construction. A senior ministry official informed media sources that the technologies would guarantee the delivery of the housing projects. He also added that technological interventions were crucial at a time when the private sector is expecting snappy returns on their investments.