The Lieutenant Governor Manoj Sinha on Monday said that the project to establish Sainik colonies in Jammu Kashmir will be initiated soon.
Addressing a press conference at Jammu Kashmir’s first real estate investors summit in Jammu, the LG said that the dream of setting up Sainik colonies in Jammu Kashmir will be completed soon.
Jammu Kashmir to the country’s real estate investors by signing 39 MoUs worth Rs 18,300 crore for the development of housing and commercial projects.
Governor Manoj Sinha speaking on the occasion said that it is a major step towards the transformation of the region.
“We have signed 39 MoUs today. We have received investments proposals of Rs 18,300 crore,” he told reporters here. The summit was organized by the J&K government, Union Ministry of Housing and Urban Affairs, and realtors’ body NAREDCO. Also Read – Omicron scare: First Three Cases Reported in Jammu, 11 Test Positive In Maharashtra
Sinha said the government has identified 6,000 acres of land for the development of projects and that it has also made rules for change of land usage of agriculture land.
As many as 20 MOUs were signed at the summit for the development of housing projects, while 7 were inked for commercial, 4 hospitality, 3 Infratech, 3 film and entertainment and 2 finance projects.
The real estate companies which have signed the Memorandum of Understanding include Signature Global, Samyak Group, Raunak Group, Hiranandani Constructions for housing projects.