+
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
Real Estate

Heena Lalwani Buys Rs 1.13 Billion Juhu Apartment

Heena Lalwani, promoter of Aatman Innovations Private Limited, has purchased a luxury apartment worth Rs 1.13 billion in Mumbai’s upscale Juhu locality, according to property registration documents accessed by Zapkey.com.The 9,862 sq ft apartment, located on the 10th floor of Lodha Developers’ Avalon Tower, was acquired at Rs 115,000 per sq ft and comes with five car parking spaces. The deal, registered on 18 August 2025, also included the payment of Rs 68 million in stamp duty and a Rs 30,000 registration fee.Lodha Developers did not respond to queries regarding the transaction, while the..

Next Story
Real Estate

Godrej Buys KPHB Land for Rs 7 Billion in E-Auction

An acre of prime land in Kukatpally Housing Board (KPHB), Hyderabad, was auctioned for Rs 7 billion, with the Telangana Housing Board generating Rs 5.47 billion from the sale of 7.8 acres through e-auction on 20 August 2025.The auction notification was issued last month, attracting bids from Godrej Properties, Aurobindo Realty, Prestige Estates, and Ashoka Builders, according to Board vice-chairman V.P. Gautham. With an offset price of Rs 4 billion per acre, the three-hour auction saw 46 bid increases, before Godrej Properties acquired the land.Revenue generated from the auction will be utilis..

Next Story
Real Estate

HMDA to Auction 93 Prime Plots in September

The Hyderabad Metropolitan Development Authority (HMDA) is preparing to conduct a three-day auction of prime open plots across Hyderabad, Rangareddy, and Medchal-Malkajgiri districts this September.According to official reports, the e-auction will take place on 17, 18, and 19 September, offering 93 plots. Of these, 70 are located in the Bachupally HMDA layout, with the remainder spread across Turkayamjal, Kokapet, Poppalguda, Chandanagar, Bairagiguda, Gandi Maisamma, Suraram, Medipally, and Bachupally village.The highest upset price has been fixed at Rs 175,000 per square yard for a land parce..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?