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

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

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

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

Next Story
Infrastructure Transport

JNPA Becomes First Indian Port to Cross 10 Million TEU Capacity

The Jawaharlal Nehru Port Authority (JNPA), located at Uran in Navi Mumbai, has become the first port in India to achieve over 10 million TEUs (twenty-foot equivalent units) in container handling capacity.With the recent expansion, the port now operates five container terminals with a combined capacity of 10.4 million TEUs, alongside two liquid and two general cargo terminals.Handling more than half of India’s container traffic, JNPA processed 7.05 million TEUs in 2024 and has moved 15.39 million tonnes of containers and 16.64 million tonnes of total cargo in the first two months of FY 2025â..

Next Story
Infrastructure Transport

Nod for Rs. 36.26 billion Expansion of Pune Metro Line 2

The Union Cabinet has approved the Rs.36.26 billion expansion of Pune Metro Line 2, adding 12.75 km of track and 13 new stations to improve east–west connectivity across the city.The project aims to link Pune’s urban core with rapidly growing suburbs, supporting the city’s rising demand for efficient and sustainable transport solutions. This expansion is part of Corridor 2 of the Pune Metro and includes two key routes: Vanaz to Chandani Chowk (Corridor 2A) and Ramwadi to Wagholi/Vitthalwadi (Corridor 2B).It will connect residential, IT, and educational hubs in areas such as Bavdhan, Koth..

Next Story
Infrastructure Transport

Assembly begins for ‘Nayak’ TBM on Thane– Borivali Twin Tunnel Project

The assembly of ‘Nayak’, the first of four Tunnel Boring Machines (TBMs) for the Thane–Borivali Twin Tube Tunnel Project, has commenced at the Thane site. Built by German firm Herrenknecht AG and deployed by Megha Engineering & Infrastructure (MEIL), the TBM marks a key milestone in Mumbai’s ambitious 11.8-km underground road corridor beneath Sanjay Gandhi National Park.The twin tunnels will reduce the Thane–Borivali travel distance by 12 km and decongest Thane Ghodbunder Road. ‘Nayak’, with a 13.2-metre diameter, is designed to bore through challenging geological conditions ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?