+
J&K govt signs 39 MoUs with real estate developers, MoHUA, NAREDCO
Real Estate

J&K govt signs 39 MoUs with real estate developers, MoHUA, NAREDCO

The Jammu and Kashmir government has signed 39 MoUs with the real estate developers, the Ministry of Housing and Urban Affairs (MoHUA), along with the National Real Estate Development Council (NAREDCO) at the Jammu Convention Centre.

From the total 39 MoUs, 19 of them were signed in the residential sector, eight in the commercial sector, four in hospitality, three in infrastructure, three in film and entertainment and two in finance.

The Lieutenant Governor of J&K, Manoj Sinha, expects that it is likely to receive nearly Rs 60,000 crore investments in the real estate sector in future.

He further said that many infrastructure projects of nearly Rs 1 lakh crore are at different stages of implementation in J&K. With the help from the Centre, the Union Territory (UT) will be able to launch metro projects.

The portal for Real Estate Regulatory Authority (RERA) was also launched in the presence of the Minister of State, Dr Jitendra Singh and the Minister of Housing and Urban Affairs, Hardeep Singh.

President of NAREDCO India, Rajan Bandelkar, said that the MoUs would help in providing new development opportunities in the regions that will have huge potential for real estate, including residential, commercial, warehousing, logistics, hospitality, retail and healthcare.

The J&K government has signed a tripartite agreement with NAREDCO and the National Urban Livelihood Mission (NULM) under the Ministry of Housing to train and certify 10,000 construction workers in two years.

The agreement is an on-site skill development program and training curriculum for the urban poor implementation under the employment through skill training and placements (ESTP). It will provide the workers with the necessary industry skills to ensure quality construction, enhanced employability, higher salary and a better standard of living.

Image Source

Also read: Jammu and Kashmir to get Rs 11,721 cr for road infra

The Jammu and Kashmir government has signed 39 MoUs with the real estate developers, the Ministry of Housing and Urban Affairs (MoHUA), along with the National Real Estate Development Council (NAREDCO) at the Jammu Convention Centre. From the total 39 MoUs, 19 of them were signed in the residential sector, eight in the commercial sector, four in hospitality, three in infrastructure, three in film and entertainment and two in finance. The Lieutenant Governor of J&K, Manoj Sinha, expects that it is likely to receive nearly Rs 60,000 crore investments in the real estate sector in future. He further said that many infrastructure projects of nearly Rs 1 lakh crore are at different stages of implementation in J&K. With the help from the Centre, the Union Territory (UT) will be able to launch metro projects. The portal for Real Estate Regulatory Authority (RERA) was also launched in the presence of the Minister of State, Dr Jitendra Singh and the Minister of Housing and Urban Affairs, Hardeep Singh. President of NAREDCO India, Rajan Bandelkar, said that the MoUs would help in providing new development opportunities in the regions that will have huge potential for real estate, including residential, commercial, warehousing, logistics, hospitality, retail and healthcare. The J&K government has signed a tripartite agreement with NAREDCO and the National Urban Livelihood Mission (NULM) under the Ministry of Housing to train and certify 10,000 construction workers in two years. The agreement is an on-site skill development program and training curriculum for the urban poor implementation under the employment through skill training and placements (ESTP). It will provide the workers with the necessary industry skills to ensure quality construction, enhanced employability, higher salary and a better standard of living. Image Source Also read: Jammu and Kashmir to get Rs 11,721 cr for road infra

Related Stories

Gold Stories

Next Story
Infrastructure Urban

NABARD Holds Seminar on Vigilance, Integrity and Good Governance

National Bank for Agriculture and Rural Development (NABARD) organised a seminar on “Vigilance: Strengthening Integrity and Good Governance” on 25 August 2026 at its Head Office in Mumbai as part of the ongoing Vigilance Awareness Campaign 2026 being observed from 17 August to 16 November 2026, with the theme “Probity for Prosperity."" The seminar was graced by Suresh N Patel, Former Central Vigilance Commissioner, Government of India, as the chief guest and keynote speaker.  The programme was attended by G S Rawat, Deputy Managing Director, Dr Ajay K Sood, Deputy Managing Dire..

Next Story
Equipment

XCMG Unveils World's First 14,000-Ton Ring Crane for Heavy Lifting

XCMG has announced that the first main unit of the world's first 14,000-ton ring crane has rolled off the production line, marking a historic breakthrough in ultra-heavy lifting technology. Jointly developed by XCMG and Sinopec Heavy Lifting & Transportation Co., Ltd., the crane will be the largest-capacity ring crane ever built, setting a new benchmark for major construction projects worldwide.The crane features a modular configuration comprising two main units that work in tandem. The first main unit has completed final assembly and can independently perform lifting operations. Once both..

Next Story
Infrastructure Urban

Thriveni Logistics orders 200 tip trailers from Jagdamba trailers

Jagdamba Trailers (JTPL), one of India’s growing trailer manufacturers, has secured a significant order for 200 Tip Trailers from Thriveni Transport and Logistics Pvt. Ltd., a leading mining and logistics company serving operations across India and overseas.The order, placed for iron ore transportation, is a major milestone for JTPL, particularly as the company secured the business after competing with more than 10 established trailer manufacturers. It also strengthens an already successful relationship between the two companies. Approximately one and a half years ago, Thriveni Transport and..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code