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

30 May 2026

Panasonic Showcases Connected Display Solutions

Panasonic Life Solutions India showcased its integrated display, projection, broadcast and communication technologies at Panasonic Tech Summit 2026 in New Delhi. Hosted through its System Solutions Division, the two-day event highlighted connected technology solutions for education, healthcare, retail, transportation, corporate offices and entertainment.The summit, themed ‘Turning Technology into Value’, featured experience-led zones covering QSR, retail, transit, corporate offices, healthcare, education, security, projection, home theatre and professional displays. Panasonic also introduc..

Infrastructure Transport

30 May 2026

Kapsch to Deliver India’s First C-ITS Project

"Kapsch TrafficCom will deliver India’s first Cooperative Intelligent Transport Systems project on a key expressway near New Delhi. The project will be implemented with Superwave Communication And Infrasolution Limited to demonstrate how connected mobility can improve road safety and traffic efficiency.The pilot will use real-time connectivity and AI-enabled situational awareness to support road users, especially in high-risk areas such as temporary work zones. Drivers will receive alerts on roadworks, maintenance vehicles, hazardous locations, traffic queues and temporary virtual signage di..

Infrastructure Urban

30 May 2026

Eurobond Net Profit Rises 44 Per Cent

Euro Panel Products, the parent company of Eurobond, reported a 44.13 per cent year-on-year rise in net profit for FY25–26. The company’s revenue from operations grew 18.91 per cent to Rs 503.20 crore, compared to Rs 423.18 crore in the previous financial year.The company’s full-year EBITDA stood at Rs 56.67 crore, marking a 31.82 per cent increase. Profit after tax rose to Rs 26.56 crore, while net worth increased 20.15 per cent to Rs 160.07 crore. Earnings per share for the year stood at Rs 10.84.Divyam Rajesh Shah, Whole Time Director and CFO, Euro Panel Products, said the company’s..