: 39 MoUs worth Rs 18,300 cr signed in first Real Estate summit, next in Srinagar on May 21, 22 #IndiaNEWS #Todays story Investment proposals reach Rs 44,000 cr, Govt targets Rs 60,000 cr Metro projects

39 MoUs worth Rs 18,300 cr signed in first Real Estate summit, next in Srinagar on May 21, 22 #IndiaNEWS #Todays story
Investment proposals reach Rs 44,000 cr, Govt targets Rs 60,000 cr
Metro projects in final stage of PIB approval: Hardeep Puri
Mindset for business has to change, locals be taken on board: Dr Jitendra
Sanjeev Pargal
JAMMU, Dec 27: First Jammu and Kashmir Real Estate Summit here today saw Memorandums of Understanding (MoUs) worth Rs 18,300 crore being signed between top real estate investors of the country and the Union Territory Government with Union Minister for Housing and Urban Affairs Hardeep Singh Puri and Union Minister of State in the Prime Minister’s Office (PMO) Dr Jitendra Singh dispelling the narrative being created by “vested interests�? that it will lead to unemployment saying it would rather generate more job opportunities.
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Sensing huge success of the summit, the Jammu and Kashmir Government announced that another such conclave will be held in Srinagar on May 21 and 22 as it disclosed that it has received a total of Rs 44,000 crore worth investment proposals under the Industry Development Scheme and the figure was expected to touch Rs 60,000 crore shortly.
A total of 39 MoUs were exchanged worth Rs 18,300 crore in the sectors including residential (19), commercial (eight), hospitality (four), infrastructure and film and entertainment (three each ) and finance (two)
The real estate companies that signed MoUs include Signature Global, Samyak Group, Raunak Group, Hiranandani Constructions and NBCC for housing projects. Chalet Hotels signed MoU for hospitality.
Raheja Developers, Goel Ganga, GHP Group and Shree Naman Group signed initial pacts for housing projects.
Addressing the summit, Union Minister for Housing and Urban Affairs Hardeep Singh Puri said the proposals for Metro rail projects in Jammu and Srinagar cities are in final stage of approval from the Public Investment Board (PIB).
He urged the UT Government to organise an annual summit like World Economic Forum at Davos, in J&K and assured full support from the Centre.
The Union Minister highlighted that Metro projects will soon be a reality in J&K.
“Metro projects are in final stage of PIB approval,�? Puri said.
He further said the Centre would consider the demand to extend the metro projects to the proposed AIIMS hospital at Vijaypur outside Jammu (falling in Samba district).
“The local Member Parliament (Jugal Kishore Sharma) brought the issue to my notice that the Metro project (which is proposed up to Bari Brahamna) should be extended to Vijaypur where AIIMS is coming up.
“The proposal mooted by the MP will be taken into account,’’ Puri said.
He also sought to allay apprehensions that investments in J&K will lead to unemployment.