PM Narendra Modi to launch first LHP under Centre's housing plan
Real Estate

PM Narendra Modi to launch first LHP under Centre's housing plan

Prime Minister Narendra Modi will launch the first LightHouse Project (LHP) just 16 months after laying the foundation stone for the building of 1,152 homes in Chennai under the government's flagship housing plan.

The residences were constructed in a greenfield complex with 16 towers, each with seven stories, utilising the precast concrete building technique.

Out of the six LHPs for which PM Modi laid the foundation stone in January 2021, this would be the first to be constructed under the PM Awas Yojna (PMAY) plan.

The technology from the United States and Finland has been employed in Chennai to build houses faster and at a lower cost. The pilot project was completed at a total cost of Rs 116 crore.

The government established a 12-month deadline for all six LHPs, as well as reward money for developers who could finish them in less than 12 months or less than 15 months.

According to media sources, the second wave of Covid-19 influenced the projects, and the remaining ones in Indore, Lucknow, Agartala, and Ranchi are currently being pushed forward. They also stated that the other project in Rajkot, which consists of 1,144 houses in a multi-story complex, will be finished in the upcoming months.

The housing ministry has built massive TV displays at its offices that broadcast live feeds from all six LHPs. Nirman Bhawan keeps an eye on the projects 24 hours a day, 365 days a year.

An official told the media that all of the under-construction homes' recipients received their allotments of apartments. The technology employed in these initiatives will be applied on a broad scale to speed up house construction.

The Rajkot project is 75% complete, followed by Indore (61%), Lucknow (53%), and Agartala (37% ). These five projects will result in the construction of 4,208 apartments.

The government announced that PM Modi will visit Hyderabad and Chennai. In Chennai, he will dedicate 11 projects worth over Rs 31,400 crore to the country and lay the foundation stone for them.

The LHP in Chennai, railway lines, and a natural gas pipeline are among the projects. He will also lay the foundation stone for six projects, including the 262 km Bengaluru-Chennai Expressway, which would reduce travel time between Bengaluru and Chennai by 2-3 hours by passing through Karnataka, Andhra Pradesh, and Tamil Nadu.

Image Source

Also read: IIFL HFL funds upto Rs 500 cr to promote green housing projects

Prime Minister Narendra Modi will launch the first LightHouse Project (LHP) just 16 months after laying the foundation stone for the building of 1,152 homes in Chennai under the government's flagship housing plan. The residences were constructed in a greenfield complex with 16 towers, each with seven stories, utilising the precast concrete building technique. Out of the six LHPs for which PM Modi laid the foundation stone in January 2021, this would be the first to be constructed under the PM Awas Yojna (PMAY) plan. The technology from the United States and Finland has been employed in Chennai to build houses faster and at a lower cost. The pilot project was completed at a total cost of Rs 116 crore. The government established a 12-month deadline for all six LHPs, as well as reward money for developers who could finish them in less than 12 months or less than 15 months. According to media sources, the second wave of Covid-19 influenced the projects, and the remaining ones in Indore, Lucknow, Agartala, and Ranchi are currently being pushed forward. They also stated that the other project in Rajkot, which consists of 1,144 houses in a multi-story complex, will be finished in the upcoming months. The housing ministry has built massive TV displays at its offices that broadcast live feeds from all six LHPs. Nirman Bhawan keeps an eye on the projects 24 hours a day, 365 days a year. An official told the media that all of the under-construction homes' recipients received their allotments of apartments. The technology employed in these initiatives will be applied on a broad scale to speed up house construction. The Rajkot project is 75% complete, followed by Indore (61%), Lucknow (53%), and Agartala (37% ). These five projects will result in the construction of 4,208 apartments. The government announced that PM Modi will visit Hyderabad and Chennai. In Chennai, he will dedicate 11 projects worth over Rs 31,400 crore to the country and lay the foundation stone for them. The LHP in Chennai, railway lines, and a natural gas pipeline are among the projects. He will also lay the foundation stone for six projects, including the 262 km Bengaluru-Chennai Expressway, which would reduce travel time between Bengaluru and Chennai by 2-3 hours by passing through Karnataka, Andhra Pradesh, and Tamil Nadu. Image Source Also read: IIFL HFL funds upto Rs 500 cr to promote green housing projects

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