Modi virtually lays foundation for six “Light House Projects”

04 Jan 2021 CW Team

About 1,000 houses in each of these cities will be constructed in a year, using six distinct technologies from a basket of 54 such technologies shortlisted under the GHTC-India, 2019. According to the Prime Minister, India is getting new technologies for providing efficient, affordable and comfortable houses to the poor and middle class.

Call to planners, students

Prime Minister welcomed planners, architects and students from various universities and institutions to visit sites, learn new technologies and mould them for use in accordance with local requirements.

Prefabricated sandwich panel system technology would be used in Indore, while in Rajkot, through tunnelling, monolithic concrete construction system from France was being deployed. Precast concrete technology from the U.S and Finland would be used for the construction of affordable houses in Chennai, and in Ranchi, the project would be implemented through the 3-D technology from Germany, he said.

In Agartala, the steel-frame technology would be used for constructing earthquake resistant houses and pre-constructed wall technology from Canada would be used in Lucknow. Other government schemes would also be linked to these projects to provide facilities such as water supply, electricity and LPG connection to the beneficiaries.

Benefit for middle class
A series of measures were taken to promote the real estate sector. Taxes on affordable and regular houses had been reduced significantly to encourage buyers. Home loan interest rates were also reduced keeping the same in mind.

The Central rental housing complex project was conceived during the Covid-19, with the objective of addressing the issues faced by migrant labourers. The project was being implemented in coordination with industrialists and other investors.

Also Read: Global housing technology challenge for new construction tech

Prime Minister Narendra Modi laid the foundation of six Light House Projects via videoconference. These projects are a part of the Global Housing Technology Challenge-India (GHTC-India) initiative, in Indore, Rajkot, Chennai, Ranchi, Agartala and Lucknow.About 1,000 houses in each of these cities will be constructed in a year, using six distinct technologies from a basket of 54 such technologies shortlisted under the GHTC-India, 2019. According to the Prime Minister, India is getting new technologies for providing efficient, affordable and comfortable houses to the poor and middle class. Call to planners, students Prime Minister welcomed planners, architects and students from various universities and institutions to visit sites, learn new technologies and mould them for use in accordance with local requirements. Prefabricated sandwich panel system technology would be used in Indore, while in Rajkot, through tunnelling, monolithic concrete construction system from France was being deployed. Precast concrete technology from the U.S and Finland would be used for the construction of affordable houses in Chennai, and in Ranchi, the project would be implemented through the 3-D technology from Germany, he said. In Agartala, the steel-frame technology would be used for constructing earthquake resistant houses and pre-constructed wall technology from Canada would be used in Lucknow. Other government schemes would also be linked to these projects to provide facilities such as water supply, electricity and LPG connection to the beneficiaries.Benefit for middle class A series of measures were taken to promote the real estate sector. Taxes on affordable and regular houses had been reduced significantly to encourage buyers. Home loan interest rates were also reduced keeping the same in mind. The Central rental housing complex project was conceived during the Covid-19, with the objective of addressing the issues faced by migrant labourers. The project was being implemented in coordination with industrialists and other investors.Also Read: Global housing technology challenge for new construction tech

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Infrastructure Energy

06 Apr 2026

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

Real Estate

06 Apr 2026

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..