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

Related Stories

Gold Stories

Next Story
Infrastructure Urban

KONE Opens India's First Digital Experience Centre in Pune

KONE, a global elevator and escalator manufacturer, has inaugurated its first Digital Experience Centre (DEC) in India, located in Pune. The facility aims to showcase how artificial intelligence (AI), connectivity and data-driven technologies can enhance customer experiences and improve building operations.The centre was inaugurated by Jussi Herlin, Executive Vice Chair, KONE Corporation; Philippe Delorme, President and CEO, KONE; and Nandan Nilekani, Co-founder and Chairman of the Board, Infosys.Designed as an interactive customer environment, the facility demonstrates digital solutions cover..

Next Story
Infrastructure Urban

CII GreenCo Launches Circularity Guidelines for Indian Industry

The Confederation of Indian Industry (CII) GreenCo Council has launched the CII GreenCo Circularity Guidelines – Pilot Version at the 17th CII GreenCo Waste & Resource Management Summit 2026 in Chennai. The initiative aims to strengthen resource efficiency, waste reduction and circular economy practices across Indian manufacturing and process industries.The guidelines introduce a structured framework with circularity indices covering raw materials, consumables, packaging and other resource inputs. These indicators will help industries assess existing practices, identify opportunities to ..

Next Story
Infrastructure Energy

Global Electronics Association Launches IPC-1783-CO2E Standard

The Global Electronics Association has introduced IPC-1783-CO2E, a new international standard aimed at improving consistency, transparency and comparability in product carbon footprint reporting across the electronics manufacturing industry.The standard, titled International Standard for Data Collection and Reporting of CO2 Equivalent (CO2e) Emissions for the Electronics Manufacturing Supply Chain, provides industry-specific guidance for collecting, estimating and reporting carbon emissions data.With increasing regulatory requirements and customer expectations, electronics manufacturers face c..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code