Why ULIP mis-selling has become rampant ?
Why is there so much mis-selling of ULIP? How to avoid this mis-selling? Who should take ULIP?
Technology is transforming industries across the globe at an unprecedented pace. The construction industry in India is continuing to evolve through technology adoption.
Now, showcasing the best of new-age global technologies, Light House Projects (LHPs) have ushered in a new era in the construction sector, which simply focuses on fast implementation and delivery in achieving smart, safe, and affordable houses. This will deliver ready-to-live houses with speed, and better quality of construction in a sustainable manner.
Prime Minister Narendra Modi laid the foundation of the LHPs in January this year under the Global Housing Technology Challenge-India (GHTC-India) at six different sites across six states in India.
The GHTC-India is a programme that would lead to the construction of over 1,000 houses each in these six cities in a span of 12 months. The cities selected are — Agartala, Ranchi, Lucknow, Indore, Rajkot, and Chennai.
Benefits of the project
-Under this project, economical and potentially strong houses would be built employing various special techniques with sustainable housing considering the local climate and ecology.
-The project is thus cost beneficial, environment-friendly, and earthquake resistant as prefabricated materials would be used. It is indeed a good opportunity for people of the cities it has been launched in. These light house projects will be made up of modern technology involving various innovative processes to reduce the construction time and make a more resilient, affordable, and comfortable house for the poor.
What are Light House Projects?
LHPs are model housing projects with houses being built with technology suitable to the geo-climatic and hazard conditions of the region. After getting all permits, the period of construction for the building is limited to 12 months. Approvals will be granted by the concerned state government
These LHPs will serve as LIVE Laboratories for various aspects of the Transfer of technologies for field use, such as planning, designing, construction practices, testing, etc.
The light houses in Rajkot will be designed using French technology and will feature monolithic concrete construction with tunnels, making them more capable of withstanding disasters. The Precast Concrete framework, which was developed in the United States and Finland, will be used in Chennai to construct the house faster and cheaper. Houses in Ranchi will be constructed using a 3D architecture method developed in Germany.