Jammu: The Administrative Council (AC) under Lieutenant Governor, Manoj Sinha, approved transfer of land measuring 2318 Kanal and 08 Marlas in 07 villages at 17 locations in Central Kashmir’s Srinagar and Budgam districts.
The land, he said, has been transferred for construction of housing colonies to meet the increased appetite for housing in Srinagar city and give a push to the housing sector.
Farooq Khan and Rajeev Rai Bhatnagar, Advisors to the Lieutenant Governor, Dr. Arun Kumar Mehta, Chief Secretary, J&K and Nitishwar Kumar, Principal Secretary to the Lieutenant Governor attended the meeting.
"The construction of the Housing Colony Project will play a very important role in the economic, industrial, social, and cultural development of Jammu and Kashmir. It will provide direct employment to skilled/unskilled labour as well as indirect employment to local vendors and youth, besides ensuring the development of local areas to meet the rising housing demand," they said in the MoM.
"The Srinagar Development Authority (SDA) and J&K Housing Board (JKHB) have been tasked to finalize designs and other modalities of these projects with a special focus on developing affordable housing on these land parcels."
Recently, during Real Estate Summit-2022, decisions were taken to develop housing stocks in both the capital cities of Srinagar and Jammu.
(KNO)
