+
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

Next Story
Technology

Six ways a smarter workflow leads to faster, more accurate bids

In today’s fast-paced civil construction environment, estimators need more than just solid numbers. They need smart, streamlined processes. This article explores six key ways connected workflows can transform the estimated approach, help in minimising risk, move faster, and improve accuracy. By integrating tools, data, and teams, one can produce stronger bids with less rework, fewer surprises, and more confidence. As an estimator, the job goes beyond producing numbers. They are responsible for delivering bids that are fast, accurate, and built to win. In today’s civil construction ind..

Next Story
Real Estate

Experion Launches Women-Only Co-Living Project in Greater Noida

Experion, part of Singapore-based AT Capital Group, has launched its first co-living space under its managed rental housing brand, VLIV, in Greater Noida. The all-women residence features 730 twin-sharing beds with a strong focus on safety, comfort, and well-being. VLIV has committed a $300 million investment to create a structured, service-led rental housing ecosystem in India. The brand aims to scale up to 20,000 beds in the next few years, with a long-term target of 100,000 beds nationwide. “India’s rental housing is fragmented. VLIV is our way of building long-term, dependabl..

Next Story
Infrastructure Urban

Officine Maccaferri Acquires CPT to Bolster Tunnelling Tech

Ambienta’s platform company, Officine Maccaferri S.p.A., has acquired CPT Group, a leading Italian developer of robotic prefabrication systems and digital control technologies for mechanised tunnelling. The move positions Maccaferri as a global player in integrated tunnelling solutions, blending traditional and advanced mechanised systems. Based in Nova Milanese, CPT serves major global contractors across Europe, Southeast Asia, and Australia. The company offers robotic prefabrication (Robofactory), productivity-monitoring software for Tunnel Boring Machines (TBMs), and eco-designed spa..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?