, , , ,

The Central Government has now decided to invite realty companies from across the world to showcase their construction techniques and adopt the selected ones to build affordable houses for the lower income group and economically weaker sections of the society.  This move is reportedly in line with the Government’s “Housing for All 2022” scheme, which is aimed at providing “pucca” houses for the EWS and LIG category people.  Is it possible to complete housing projects, which normally take 2 to 3 years within 90 days?  The answer is yes, with the help of technology.    In order to introduce such technology in India, the Government has decided to invite the global realty companies, to compete in the challenge, thereby, introducing the viable technology in the country.  The firms across the world would be invited to demonstrate their technology to construct houses in lesser cost and lesser duration, with the materials available in the particular locality and by adhering to the building norms of the particular locality.  The foreign firm would be required to partner with a local firm, either private or public and would be provided with land across the country , where they would have to demonstrate their skills.  Would this move be a success?  Would the economically weaker sections of the society be benefited by the same? Would this initiative also attract private builders to participate in the affordable housing sector?