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Global Housing Technology Challenge

Topics Covered:

  1. Welfare schemes for vulnerable sections of the population by the Centre and States and the performance of these schemes; mechanisms, laws, institutions and bodies constituted for the protection and betterment of these vulnerable sections.
  2. Issues relating to development and management of Social Sector/Services relating to Health, Education, Human Resources.
  3. Infrastructure: Energy, Ports, Roads, Airports, Railways etc.

 

Global Housing Technology Challenge

 

What to study?

  • For Prelims: GHTC- key facts, PMAY- U- Key features.
  • For Mains: Significance of the scheme and its role in achieving the “Housing for All” target, implementational challenges and measures necessary.

 

Context: Government has launched the Global Housing Technology Challenge. The challenge is undertaken under the Pradhan Mantri Awas Yojana Urban (PMAY-U).

Key features of the Global Housing Technology Challenge (GHTC) are:

  • GHTC aims to fast-track the construction of affordable housing and meet the target of constructing 1.2 crore houses by 2022.
  • GHTC focuses on identifying and mainstreaming proven demonstrable technologies for lighthouse projects and spotting potential future technologies for incubation and acceleration support through ASHA (Affordable Sustainable Housing Accelerators) — India.

 

Objectives:

To enable adoption of construction techniques for housing that are affordable and takes minimum time as less as three months instead of the conventional three years for construction.

  • Bring a paradigm shift in technology transition using large-scale construction under the PMAY-U as an opportunity to get the best available construction technologies across the globe.

 

About Pradhan Mantri Awas Yojana Urban (PMAY-U):

The Pradhan Mantri Awas Yojana (Urban) Mission is being implemented by the Ministry of Housing and Urban Poverty Alleviation (MoHUPA).

The Pradhan Mantri Awas Yojana (Urban) Mission seeks to address the housing requirement of urban poor including slum dwellers through following programme components:

  • In-situ Rehabilitation of existing slum dwellers using land as a resource through private participation.
  • Credit Linked Subsidy (Implemented as a Central Sector Scheme).
  • Affordable Housing in Partnership.
  • Subsidy for Beneficiary-led individual house construction/enhancement.

 

Why is it important?

Today, while developers in India’s metropolitan cities are sitting on lakhs of unsold residences costing upwards of ₹50 lakh, the country is estimated to have a shortage of nearly 20 million housing units needed by the rural and urban poor, at far lower price points of ₹5-15 lakh.

The PMAY aims to address this shortfall. With the increase in subsidised loan amount to ₹12 lakh, the scheme is expected to cover a higher proportion of the urban poor. The PMAY will hopefully incentivise India’s construction and realty sector to reduce its traditional obsession with affluent home buyers in the cities.

 

Sources: livemint.

Mains Question: In your opinion, what needs to be done in order to make the ‘Housing for All by 2022’ programme successful?  Discuss.

CategoriesINSIGHTS