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

07 Aug 2026

BXB Estates Sets AED 110 Million Jumeirah Golf Estates Record

BXB Estates has completed an AED 110 million residential transaction at Jumeirah Golf Estates, setting a new sales record for the prestigious Dubai residential community.Negotiated by Alfie Tabrez, Managing Partner of BXB Estates, the deal surpassed the previous record of AED 58 million for a completed ready villa in the development.The six-bedroom residence offers 21,714 sq ft of built-up space on a 15,873-sq-ft plot. It features nine bathrooms, four living lounges, a home office, bar lounge, private cinema and rooftop terrace.The property also includes a dedicated wellness area comprising a ..

SECR Floats Rs 6,019 Mn EPC Tender For Paradol Nagpur Link

South East Central Railway (SECR) has invited bids for an Engineering, Procurement and Construction (EPC) contract to build a new broad gauge single line between Paradol Takeoff Point and Nagpur Road Station in Chhattisgarh. The contract carries an estimated cost of Rs 6,019.0 mn and requires an earnest money deposit of Rs 120.4 mn. The work is framed as an EPC assignment intended to strengthen regional rail infrastructure. The tender, issued under number CAO-C-BSP-26-27-15, specifies a completion period of 730 days and a bid validity of 180 days. Two pre-bid meetings are scheduled for 24 Augu..

Indian Railways Reports Nine Per Cent Rise In July Freight Loading

Indian Railways handled 141.3 million tonnes (141.3 mn t) of freight in July, marking a rise of nine per cent year on year. Freight loading maintained a positive trajectory across the network compared with the same month last year. Passenger traffic also increased in July, contributing to higher overall network utilisation. The July outcome continued a pattern of steady monthly gains, reflecting gradual improvement in industrial and logistics activity. The growth in freight volumes reflected stronger demand across multiple sectors and improvements in logistics and train turnarounds. Enhanced r..