Jammu and Kashmir Lieutenant Governor Manoj Sinha Monday said 39 MoUs worth Rs 18,300 Cr signed today. It includes investments in Residential, Commercial, Infrastructure & Film sectors.  Addressing the first-ever J-K Real Estate Conference in Jammu, Lt Governor said, ” We will organize next ‘Real Estate Summit’ in Srinagar on 20th & 21st May 2022. Development of local businesses imperative in scripting growth story of J&K.” LG Sinha said that Titans of India’s Real Estate Sector, including promoters in Residential/Retail/Commercial space, Entertainment Industry, Tourism & Hospitality,Logistics & Warehousing and Financing Institutions came together for growth of J&K at first ever ‘Real Estate Summit, 2021.  Adding to it Sinha said, ” Last few years have seen tremendous change in terms of good governance, delivering development & transforming infrastructure of UT. Barriers to businesses in J&K have been removed. J&K UT is now an attractive place to do business and invest.”” We have adopted the Model Tenancy Act today. This Act has been prepared with the objective of balancing the interests and rights of both, the landlord and tenant & to create an accountable and transparent ecosystem for renting the premises in an efficient manner, he said. Sinha added, ” To facilitate transparent and accountable framework in “Real Estate Sector”, we have launched many portals – RERA portal, Housing Portal, integrated auction portal. Such initiatives will help both Developers and Home buyers as one stop portal for all their needs.” ” We have launched 3 Housing Schemes today under which about 1000 EWS apartments under PMAY and another 150 MIG and HIG apartments are being launched. Many more would be launched in the coming months, LG said. Government of J&K has also signed a MoU on skilling with NAREDCO under which Naredco Nationalwill train ten thousand workers in various skills of the construction industry–electrical, plumbing, masonry, carpentry and the likes, he s.aid 

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