J&K Government approves new housing policy

14 Aug 2020 Editorial Team

The J&K Administrative Council, which recently met under the chairmanship of (Ex) Lieutenant Governor C Murmu, has sanctioned a proposal of the Housing and Urban Development Department for adoption and notification of the Jammu and Kashmir Housing, Affordable Housing, Slum Redevelopment and Rehabilitation and Township Policy 2020. The first of its kind related to building dwellings in J&K, the policy is part of a broader vision to meet the growing requirement of housing in the Union Territory (UT).

Read more on the policy highlights...

In other developments, the shifting of the land registration process in J&K from the judiciary to the Department of Registration created after the nullification of Article 370 has brought in earnings worth Rs 1 billion in stamp duty and registration fees.Since the creation of the department as part of the transition from state to UT, 77 sub-registrars have been appointed and nearly 25,000 land registrations done. However, the prices and sentiment are yet to pick up pace. Players already present are not witnessing any significant volumes.

With regard to the housing policy, arranging finances and acquiring land are proposed to be accomplished by taking recourse to PPP. In simple words, the project needs private investment on a big scale besides funding from the Centre.

There are concerns about the policy being too optimistic in its target. The key to its success, ultimately, lies in the involvement of private players and efficient execution.

Infrastructure Transport

27 Jun 2026

Noida Airport Fuels NCR Realty Growth

The start of commercial operations at Noida International Airport has recently emerged as a major trigger for real estate growth across Noida, Greater Noida and the Yamuna Expressway region. The airport is expected to improve regional connectivity and support the next phase of development in eastern NCR.The airport, inaugurated on 28 March, has begun passenger services, while cargo operations are also expected to strengthen its role as an economic and logistics hub. Its operationalisation is expected to reduce dependence on Delhi’s Indira Gandhi International Airport for residents and busine..

thyssenkrupp and GlobalLogic Form AI Alliance

thyssenkrupp AG and GlobalLogic, a Hitachi Group company, have recently formed a strategic alliance to deploy autonomous robotics and Physical AI across heavy industry operations. The partnership aims to improve safety, reduce engineering bottlenecks and accelerate industrial transformation at scale.The alliance brings together thyssenkrupp’s industrial expertise with Hitachi’s innovation capabilities. It includes GlobalLogic, Method and Hitachi America R&D, creating a “Lab-to-Scale” pipeline that connects research, digital strategy, design and enterprise software engineering for i..

Platinum Corp Launches Luxury Suites in Santacruz

Platinum Corp has recently launched Platinum Stellar: Bespoke Presidential Suites, a premium residential project in Santacruz West, Mumbai. The development is positioned as a boutique luxury offering for homebuyers seeking expansive layouts, privacy and personalised living experiences.Located on Main Avenue, the project has been designed as a low-density, high-end residential address with spacious homes starting from 2,500 sq ft and extending to full-floor residences. The project targets HNIs, business owners and legacy residents from the Bandra-Khar-Santacruz belt.Platinum Stellar has been de..