In its report to the panel, the home ministry said that agricultural land was being protected in Jammu and Kashmir on similar lines as that in Uttarakhand and Himachal Pradesh. It, however, said that the land has been opened up for industries in the latter two states. On an enquiry by the panel about the number of proposals of investment received in the Union Territory, the ministry said that MoUs amounting to Rs 23, This scenario may now witness a change. In August , Jammu and Kashmir notified its RERA rules and the UT is now bound by the central rules, although it does have the authority to draft and implement specific rules with respect to local land laws.
The Elevated Light Rail Systems have been conceived for Srinagar and Jammu cities, to provide best-in-class mobility in terms of safe, reliable, convenient, cost-effective and sustainable public transport system, a spokesman said.
The project is expected to be completed by December , the spokesman said. He said this would attract investors and promote Udhampur as an industrial hub. He added that the demand for a new bus stand in Udhampur had been accepted and the process to finalise the land was underway. The rail line is expected to be 35 metres taller than the Eiffel Tower.
The bridge forms a crucial link in the km stretch between Katra and Banihal, which is part of the Udhampur- Srinagar-Baramulla rail link project. The massive arch-shaped structure, being constructed in hostile terrain, will use over 5, tonnes of steel and will be metres above the river bed, he added. Designed to withstand wind speeds of up to kms per hour, the 1.
Once completed, it will surpass the record of the Beipan river Shuibai railway bridge m in China. The Udhampur-Srinagar-Baramulla rail link project is highly essential, to provide an alternative and a reliable transportation system to Jammu and Kashmir, to join the Kashmir Valley to the Indian Railways network, Gupta said.
The Jammu and Kashmir administration has identified 15, acres of land in the Kashmir Valley and 42, acres of land in the Jammu region, for setting up industrial estates for prospective entrepreneurs, officials said on December 12, KK Sharma, advisor to the lieutenant governor, chaired a high-level meeting and directed officers to make suitable and sufficient land available, for setting up new industrial estates for the prospective entrepreneurs.
Elaborating further, divisional commissioner of Kashmir, Baseer Ahmad Khan said the process of identification of the land had been started and a large chunk of land had been made available in Kashmir. Covid vaccine registration. News India News Now, anyone can buy land in Kashmir, government notifies order. This story is from October 28, Any person from outside Jammu and Kashmir can now buy land in the Union Territory. A senior minister said the process was intended to make laws applicable to the rest of India to become the legal tender in the UT as well.
He said protections that certain states offered in terms of restrictions on land sale could be considered by the administration, which in the current scenario is the Lt Governor, at a later date. Those buying land will have to check if there are any outstanding claims or litigation, he said. The new rules bode well for the hospitality, tourism retail, entertainment, healthcare and education sectors. The Maharashtra government had last year said it was planning to buy two land parcels, in Jammu and Kashmir and Ladakh, for resorts.
The Karnataka government, too, proposed a luxury hotel in the Valley. The real estate market has remained subdued across India for the last few years. Except a few pockets, price appreciation is negligible, and in some pockets, property prices have even slipped.
Therefore, one may think of investing in Jammu and nearby areas, but one should avoid parts of south Kashmir where insurgency continues, he added. South Kashmir is considered the hotbed of insurgency. It makes sense to wait and watch. See how it plays out for those who do go there. But if you wish to buy a property right away, it makes sense to stick to the urban areas of Jammu for now. Will prices appreciate? Property is most parts of Jammu and Kashmir is fairly affordable and ranges between Rs 2, to Rs 4, per sq ft in Srinagar, Rs 2,, in Jammu and Rs 2, 3, per sq ft in Baramulla.
It is too early to gauge the impact of the move on Kashmir's real estate market. As of now, it is still a highly sensitive region and security concerns may keep property buyers at bay.
Price appreciation will happen only if demand goes up and that will be possible if there is the confidence that both people and investments are safe, said Goel of Colliers.
Punjab and Assam, the other two states to battle insurgency, saw prices appreciate once the trouble subsided.
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