Non-residents buy land worth Rs 129 crore in Jammu Kashmir since 2019

November 4, 2025 by News Desk

Government data tabled in the Jammu Kashmir Assembly shows that 631 non-residents have purchased 386 kanals of land across the Union Territory since 2019, amounting to nearly Rs 129 crore in value.

Responding to a query by National Conference MLA Sheikh Ahsan Pardesi, the government led by Chief Minister Omar Abdullah informed that 378 non-residents bought 212 kanals in Jammu, while 253 non-residents acquired 173 kanals in the Kashmir Valley.

According to the data, most of the non-local buyers are from Ladakh, mainly Kargil, followed by smaller numbers from Haryana, Uttar Pradesh, Maharashtra, Punjab, Jharkhand, Delhi, Bihar, and a single buyer from West Bengal. Around 350 of the total buyers are said to be Ladakhis.

The first non-local land purchase was recorded in 2020, when one kanal was bought for Rs 10.06 lakh. Since then, the number of transactions has steadily increased, with 57 outsiders purchasing 24 kanals and 15 marlas in 2021, and 158 buyers acquiring 106 kanals in 2025 alone.

In the Kashmir Valley, Delhi-based Luxury Resorts Pvt Ltd bought three parcels of land measuring 22, 3, and 6 kanals on Srinagar’s outskirts, while another buyer purchased 15 kanals in the city’s green belt area.

To attract outside investment, the government in 2022 announced a 50 per cent concession in stamp duty for first-time property buyers, an incentive widely seen as a move to boost real estate purchases by non-residents.