Satish Chandra, IAS (Retd.), chairman of the Real Estate Regulatory Authority, Jammu and Kashmir, said in New Delhi on 13 February 2026 that the National Building Construction Corporation (NBCC) was most likely to undertake housing and real estate projects in the Union Territory. He made the remark while participating in a panel discussion on reforms under the Real Estate Regulatory Authority at the National Urban and Real Estate Development Conclave 2026. The intervention set out that RERA of Jammu and Kashmir is engaging multiple agencies to streamline approvals for proposed projects.

Officials from RERA indicated that parcels of land were being identified in both the Jammu and Srinagar regions for potential development and that discussions were under way with agencies to secure clearances. The authority expected a structured process for site selection and regulatory sign off before any construction partner was confirmed. Engagements sought to ensure that project plans would comply with the regulatory framework established under RERA.

RERA added that NBCC, the central public sector construction company, planned to participate in constructing the housing projects once project details and responsibilities had been worked out, although the organisation did not disclose further specifics. The regulator said that dedicated office space had been allotted both in Srinagar and Jammu to facilitate approvals and oversight. It noted that applications or proposals currently numbered five and that there was considerable enthusiasm among stakeholders for development under the RERA regime.

Officials emphasised that the projects would proceed only with adherence to RERA regulations and that approvals would prioritise transparency and consumer protection. The process was described as at an early stage with further announcements expected as land identification and technical evaluations progressed. Observers said that clarity on timelines and financing arrangements would determine the pace of implementation.