Rs 18.3k cr MoUd signed in Jammu & Kashmir's first real estate summit

31 Dec 2021 CW Team

In the first Jammu and Kashmir- Real Estate Summit, Memorandums of Understanding (MoUs) of Rs 18,300 crore were signed between some of the major real estate investors in the country and the UT Government along with the Union Minister for Housing and Urban Affairs, Hardeep Singh Puri as well as the Union Minister of State in the PMO, Dr Jitendra Singh. It is said to create several job opportunities.

The summit was a huge success, because of which the Jammu and Kashmir Government announced that another summit will be held on May 21 and May 22, in Srinagar. It further mentioned that investment proposals worth Rs 44,000 have been received under the Industry Development Scheme. It is expected that the amount will reach Rs 60,000 very soon.

39 MoUs had been exchanged in total amounting to Rs 18,300 crore in various sectors. The sectors included residential-19, commercial-eight, hospitality-four, infrastructure-three, film and entertainment-three, and finance-two.

Some of the real estate companies that signed these MoUs for housing projects are Signature Global, Samyak Group, Raunak Group, Hiranandani Constructions, and NBCC. The MoU for hospitality had been signed by Chalet Hotels.

The initial pacts were signed by Raheja Developers, Goel Ganga, GHP Group, and Shree Naman Group for housing projects.

During the summit, Hardeep Singh Puri further said that the Metro rail projects proposals for Jammu and Srinagar have reached the final stage of approval from the PIB-Public Investment Board. The metro rail project will soon be a reality.

Image Source

Real Estate

05 Dec 2025

RBI Rate Cut Boosts Confidence Across Housing Market

Industry Context and Market DynamicsThe real estate industry has welcomed the RBI’s rate cut as a timely boost to affordability and demand. With home prices having risen steadily across major markets, even a marginal reduction in interest rates meaningfully strengthens purchasing power, especially for first-time and mid-income buyers.Ashish Jerath, President – Sales & Marketing, Smartworld Developers, observes:“The RBI’s 25-basis-point cut, bringing the repo rate down to 5.25%, is a timely boost for the real estate sector. Lower interest rates reduce borrowing costs, enabling homeb..

BMC Resumes Rs 170 Billion Road Works, Targets 80 per cent By Jan 2026

Following the withdrawal of the southwest monsoon in October, the Brihanmumbai Municipal Corporation (BMC) has restarted work on 645 roads—covering 297.49 kilometres—under its large-scale concretisation programme. Data shows that more than 60 per cent of the resumed works are located in the western suburbs. Officials said the civic body aims to complete concretisation on 80 per cent of the roads where fresh work has begun by January 2026. Launched in 2022, the Rs 170 billion project seeks to concretise 700 kilometres of roads across Mumbai. All civil works were halted during the monsoon ..

India Pushes Digital Shift In Urban Land Mapping

The Department of Land Resources (DoLR) under the Ministry of Rural Development has convened a National Symposium on NAKSHA – the National Geospatial Knowledge-based Land Survey of Urban Habitations – to advance India’s transition to modern, technology-driven land mapping. Speaking at the inaugural session, Secretary Manoj Joshi underscored the urgent need to move revenue departments away from outdated, tape-based methods and rough hand-drawn sketches. He stressed that adopting latitude–longitude-based digital mapping and GIS-linked registration systems is essential for economic stabi..