The government asked real estate developers to adopt modern construction technologies to boost housing supply.
Addressing an event organised by realtors’ body NAREDCO, Housing and Urban Poverty Alleviation Secretary Nandita Chatterjee stressed on the need for improvement in construction technologies to implement the scheme ‘Housing for All’ by 2022.
“An enormous number of houses to the tune of about 20 million will be required to be constructed by 2022. Hence, we will need innovative fast-track construction technologies through judicious selection and evaluation of globally acceptable contemporary technologies,” she was quoted as saying in a statement issued by NAREDCO.
Chatterjee stressed the need to reduce dependence on conventional energy-intensive construction practices thereby containing ever depleting natural resources.
In line with the government’s strategy to use cost effective technologies for building houses, the ministry has entered into MoUs with premiere Indian institutes like Indian Institutes of Technology (IIT) and School of Planning and Architecture.
Speaking on the occasion, NAREDCO Chairman Navin Raheja said: “Emerging technologies, materials, and products will play a crucial role in delivering affordable housing as targeted by Housing for All by 2022 mission.”
“It is high time that in addition to talking about land, finance and policy/regulation we also bring technology and delivery capability into our discussion,” he added.