J&K to receive about Rs 60,000 cr investment in the realty sector
Real Estate

J&K to receive about Rs 60,000 cr investment in the realty sector

Jammu and Kashmir Lieutenant Governor Manoj Sinha told the media that J&K would obtain approximately Rs 60,000 crore of investment in the real estate sector very soon. These investments would have multiplier impacts on the Union Territory’s economy.

Addressing Jammu and Kashmir Real Estate Summit 2021, jointly organised by the Ministry of Housing and Urban Affairs, the J&K and NAREDCO, Sinha said that the investment offers of Rs 44,000 crore with detailed project reports have been presented to the departments involved.

Measures like decreasing aviation fuel rate to 1% and rationalising stamp duty rates (on the lines of other States) are being considered. Infrastructure projects of approximately Rs 100,000 crore are at various stages of execution in the region.

Metro projects in both cities are being viewed. Other ministers present there involved the Minister of State at PMO Jitendra Singh and the Minister of Housing and Urban Affairs, and Minister of Petroleum and Natural Gas, Hardeep Singh Puri.

On Monday, the Jammu and Kashmir government opened the union territory to the nation's real estate investors by inking 39 MoUs worth about Rs 19,000 crore for the advancement of housing, hotel and commercial projects.

Jammu and Kashmir Lieutenant Governor Manoj Sinha told the media that J&K would obtain around Rs 60 thousand crore of investment in the real estate sector very soon. These investments would have multiplier impacts on the Union Territory’s economy.

Sinha said that the investment offers of Rs 44 thousand crore with detailed project reports have been presented to the departments involved.

Image Source

Jammu and Kashmir Lieutenant Governor Manoj Sinha told the media that J&K would obtain approximately Rs 60,000 crore of investment in the real estate sector very soon. These investments would have multiplier impacts on the Union Territory’s economy. Addressing Jammu and Kashmir Real Estate Summit 2021, jointly organised by the Ministry of Housing and Urban Affairs, the J&K and NAREDCO, Sinha said that the investment offers of Rs 44,000 crore with detailed project reports have been presented to the departments involved. Measures like decreasing aviation fuel rate to 1% and rationalising stamp duty rates (on the lines of other States) are being considered. Infrastructure projects of approximately Rs 100,000 crore are at various stages of execution in the region. Metro projects in both cities are being viewed. Other ministers present there involved the Minister of State at PMO Jitendra Singh and the Minister of Housing and Urban Affairs, and Minister of Petroleum and Natural Gas, Hardeep Singh Puri. On Monday, the Jammu and Kashmir government opened the union territory to the nation's real estate investors by inking 39 MoUs worth about Rs 19,000 crore for the advancement of housing, hotel and commercial projects. Jammu and Kashmir Lieutenant Governor Manoj Sinha told the media that J&K would obtain around Rs 60 thousand crore of investment in the real estate sector very soon. These investments would have multiplier impacts on the Union Territory’s economy. Sinha said that the investment offers of Rs 44 thousand crore with detailed project reports have been presented to the departments involved. Image Source

Next Story
Infrastructure Urban

3i Infotech Reports Rs 7.25 Bn Revenue for FY25

3i Infotech, a leading provider of digital transformation, technology services and technology solutions, announced its consolidated financial results for the fourth quarter and full year FY25, ended on March 31st, 2025. The company maintained its growth momentum, displaying consistent progress for the 3rd consecutive quarter.In Q4 FY25, 3i Infotech reported revenue of Rs 1.87 billion, reflecting steady performance compared to Rs 1.81 billion in Q3 FY25 and Rs 1.97 billion in Q4 FY24. The company delivered strong profitability improvements, with gross margin growing by 14.8 per cent Q-o-Q and 1..

Next Story
Infrastructure Urban

Emerald Finance Joins Baya PTE to Boost SME Bill Discounting

Emerald Finance is a dynamic company offering a spectrum of financial products and services including its flagship Earned Wage Access (EWA) in India, has entered into a strategic partnership with Singapore-based Baya PTE through its Indian subsidiary. This collaboration aims to strengthen bill discounting services for Small and Medium Enterprises (SMEs), enabling faster access to working capital and improved cash flow management.The initiative is designed to support SMEs that supply to large corporates such as JSW Steel, Delhivery, and PVR INOX, among others. By facilitating timely invoice dis..

Next Story
Infrastructure Urban

BLS E-Services Crosses Rs 5 Bn Revenue Mark in FY25

BLS E-Services, a technology-enabled digital service provider, announced its audited consolidated financial results for the quarter and full year period ended 31 March 2025.Speaking about the performance and recent updates, Shikhar Aggarwal, Chairman, BLS E- Services said, “We are delighted to report a remarkable performance in FY25, as we achieved several milestones during the fiscal year. FY25 marked our highest-ever financial performance, as we surpassed Rs 5 billion milestone in Total Income during the year, which was reported at Rs 5.45 billion, a notable YoY growth of 76 per cent. The ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?