In order to meet the increasing demand of housing in the country, PM Modi declared ‘April 2019-March 2020’ as the Construction-Technology year stressing mainly on the use of advanced technology in the process. Seeking the support of the private sector, a major push on affordable housing is given by the government to ensure the fulfilment of government’s mission of ‘Housing for All by 2022’.
To help elevate India’s construction ecosystem to international standards, the Global Housing Technology was introduced using the best technologies that seek to construct houses in a shorter period of time with lower cost. It also propagates eco-friendly disaster-resilient and energy-efficient constructions.
Other than these, the government of India has launched many other policies to provide ‘Housing for All by 2020’ including PMAY (Pradhan Mantri Awas Yojana), RERA, GST and others. Under the PMAY (Urban), 79 lakh houses have already been sanctioned, grounded 41 lakh and completed 16 lakh houses till date.
Mr. Pradeep Aggarwal, Founder and Chairman, Signature Global says, “All the developers under the affordable housing segment are making strides to reach the target of Housing for All by 2022 and make it a convenient opportunity. In addition, the government’s assistance towards the affordable housing segment is benefitting both the buyers and the end-users. So, in order to meet the increased demand in housing, the declaration of ‘April 2019-March 2020’ as the Construction-Technology year will surely aid the escalating housing demand by speeding up the process of construction.