Rs 18.3k cr MoUd signed in Jammu & Kashmir's first real estate summit
Real Estate

Rs 18.3k cr MoUd signed in Jammu & Kashmir's first real estate summit

In the first Jammu and Kashmir- Real Estate Summit, Memorandums of Understanding (MoUs) of Rs 18,300 crore were signed between some of the major real estate investors in the country and the UT Government along with the Union Minister for Housing and Urban Affairs, Hardeep Singh Puri as well as the Union Minister of State in the PMO, Dr Jitendra Singh. It is said to create several job opportunities.

The summit was a huge success, because of which the Jammu and Kashmir Government announced that another summit will be held on May 21 and May 22, in Srinagar. It further mentioned that investment proposals worth Rs 44,000 have been received under the Industry Development Scheme. It is expected that the amount will reach Rs 60,000 very soon.

39 MoUs had been exchanged in total amounting to Rs 18,300 crore in various sectors. The sectors included residential-19, commercial-eight, hospitality-four, infrastructure-three, film and entertainment-three, and finance-two.

Some of the real estate companies that signed these MoUs for housing projects are Signature Global, Samyak Group, Raunak Group, Hiranandani Constructions, and NBCC. The MoU for hospitality had been signed by Chalet Hotels.

The initial pacts were signed by Raheja Developers, Goel Ganga, GHP Group, and Shree Naman Group for housing projects.

During the summit, Hardeep Singh Puri further said that the Metro rail projects proposals for Jammu and Srinagar have reached the final stage of approval from the PIB-Public Investment Board. The metro rail project will soon be a reality.

Image Source

Redefine the future of urban mobility! Join us at the Metro Rail Conference 2025 to explore groundbreaking ideas and insights. 👉 Register today!

In the first Jammu and Kashmir- Real Estate Summit, Memorandums of Understanding (MoUs) of Rs 18,300 crore were signed between some of the major real estate investors in the country and the UT Government along with the Union Minister for Housing and Urban Affairs, Hardeep Singh Puri as well as the Union Minister of State in the PMO, Dr Jitendra Singh. It is said to create several job opportunities. The summit was a huge success, because of which the Jammu and Kashmir Government announced that another summit will be held on May 21 and May 22, in Srinagar. It further mentioned that investment proposals worth Rs 44,000 have been received under the Industry Development Scheme. It is expected that the amount will reach Rs 60,000 very soon. 39 MoUs had been exchanged in total amounting to Rs 18,300 crore in various sectors. The sectors included residential-19, commercial-eight, hospitality-four, infrastructure-three, film and entertainment-three, and finance-two. Some of the real estate companies that signed these MoUs for housing projects are Signature Global, Samyak Group, Raunak Group, Hiranandani Constructions, and NBCC. The MoU for hospitality had been signed by Chalet Hotels. The initial pacts were signed by Raheja Developers, Goel Ganga, GHP Group, and Shree Naman Group for housing projects. During the summit, Hardeep Singh Puri further said that the Metro rail projects proposals for Jammu and Srinagar have reached the final stage of approval from the PIB-Public Investment Board. The metro rail project will soon be a reality. Image Source

Next Story
Infrastructure Energy

TDB Plans Solar Power Plant Installation at Sabarimala

The Travancore Devaswom Board (TDB) is planning to establish a solar energy plant with technical assistance from Cochin International Airport (CIAL), recognised as the world’s first fully solar-powered airport. TDB officials stated that a meeting was held with S Suhas, Managing Director, CIAL, at Sannidhanam to discuss the initiative. TDB President P S Prasanth mentioned that the discussion was preliminary in nature. He further informed that CIAL is preparing the detailed project report (DPR) and providing technical guidance for the project. Prasanth also revealed that the TDB intends to fu..

Next Story
Infrastructure Urban

Reliance Back on Growth Path, Multiple Catalysts to Drive Performance

Reliance Industries, India’s most valuable company, has returned to a growth trajectory after six months of challenges, as it reported better-than-expected earnings for the December quarter, according to brokerages. The oil-to-telecom-and-retail conglomerate achieved its highest-ever EBITDA of Rs 438 billion during October-December 2024, the third quarter of the FY25 fiscal, surpassing estimates due to strong performances across all segments. This growth was notably driven by the robust performance of its oil-to-chemical (O2C) segment and a recovery in consumer retail. "Reliance is back on..

Next Story
Infrastructure Transport

Hyderabad Airport Metro MD Inspects Medchal and Shamirpet Rail Corridors

NVS Reddy, Managing Director of Hyderabad Airport Metro (HAML), alongside senior engineers and technical consultants, inspected the Metro Rail corridors to Medchal and Shamirpet to resolve technical alignment issues, according to an official press release. Due to the steep curvature of the road from Paradise to Bowenpally and airport authorities’ insistence, the HMDA elevated corridor’s alignment passes below the runway of Begumpet Airport for about 600 metres through a tunnel. However, integrating the Metro Rail corridor with this plan poses significant engineering challenges. To addr..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000