Jammu- The Jammu and Kashmir government on Wednesday approved transfer of over 2000 kanal land in the twin districts of Srinagar and Budgam for construction of housing colonies.
The decision to transfer land measuring 2318 kanal 8 Marla at 17 locations in seven villages in Srinagar and Budgam districts, free of cost in favour of Housing & Urban Development Department, was taken in the Administrative Council (AC) meeting which was held under the chairmanship of Lieutenant Governor, Manoj Sinha, an official spokesperson said Wednesday.
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.
“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,” the official spokesperson said.
Accordingly, he said that the Srinagar Development Authority (SDA) and J&K Housing Board (JKHB) have been assigned the task of finalizing the type designs and other modalities of these projects with a special focus on developing affordable housing on these land parcels.
The official spokesperson said that recently during the Real Estate Summit-2022, decisions were taken to develop housing stocks in both the capital cities of Srinagar and Jammu.
LG’s Advisors Farooq Khan and Rajeev Rai Bhatnagar, Chief Secretary Dr. Arun Kumar Mehta and Principal Secretary to the LG Nitishwar Kumar, attended the meeting.
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