Real estate is the second largest employer in the country, says Hardeep Singh Puri

New Delhi: Ministry of Housing and Urban Affairs and Minister of Oil and Natural Gas Hardeep Singh Puri said on Monday that real estate is the second largest employer in the country and the multiplier effect will create countless opportunities in Jammu and Kashmir. Stated.

“Real estate is the second largest employer in the country, and the multiplier effect creates a myriad of opportunities in Jammu and Kashmir in terms of employment, investment and thus economic growth,” he said.

The Minister said this during his speech at the first “Real Estate Summit-2021” held at the Jammu Convention Center.

The Real Estate Summit-2021 will be held by the Ministry of Housing and Urban Affairs of the Government of Jammu and Kashmir in collaboration with the Ministry of Housing and Urban Affairs of the Government of India.

In his speech, Hardeep Singh Puri is unique in the world where the natural blessings of UT in Jammu and Kashmir and their resilience need to be transformed into economic development, prosperity and ease of living. Said it wasn’t. The minister further said that the first real estate summit would correct the past and bring synergies to Jammu and Kashmir over the next few years.

The Federal Minister also said that the demand for real estate construction in Jammu and Kashmir is not only in housing, but also in tourism, hospitality and warehousing. This is at least Rs 25-30,000. The minister further said that Jammu and Kashmir has land and ready demand, and that this summit today will eventually accelerate the process.

Puri expressed satisfaction with the real estate regulatory agency law (RERA) and tenant law being enforced at J & K to help ease the business here. Puri also said that the Jammu and Kashmir metro railroad project is in the final stages of approval.

Puri also said the implementation of flagship schemes such as AMRUT, Swachh Bharat Mission, Smart City Mission and PMAY in Jammu and Kashmir was highly valued and the implementation figures are very promising. Puri emphasized that the Jammu and Kashmir government needs to create a Davos-like platform in Jammu and Kashmir with great terrain fully supported by MoHUA.

In a speech by Minister of State Jammu and Kashmir at the summit, Jammu and Kashmir is now on a mainstream journey in Prime Minister Modi’s New India, and today’s first “Real Estate Summit” is one of the key links connecting them. Said that it was one. Mainstream India.

Mr. Singh said investment proposals for Jammu and Kashmir will reach rupees 1 in the next few years. As Prime Minister Narendra Modi envisioned, Jammu and Kashmir said that Jammu and Kashmir should achieve economic development comparable to UT in other states and countries in various areas.

He also said that all central laws, such as the Anti-Corruption Law, the RTI Law, and the CVC Law, apply to the UT in Jammu and Kashmir as well as in other states and UTs in the country. He further stated that all of J & K’s previous laws, which were obstacles to the progress and development of Jammu and Kashmir, were abolished or amended.

Shin also said that previously stagnant important development projects were processed after 2019, such as the Shapur Kandy Dam project. The minister also said that since 2019, the dawn of new developments in Jammu and Kashmir, such as the establishment of two AIIMS, eight medical colleges, IIT, IIM, IIMC, North India’s first biotechnology park, national highway project, etc. Said it appeared.

Mr. Singh also said that if Jammu and Kashmir wants to be part of global India as India is part of the global world, the rest of the country will follow in pursuit of all the benefits the government offers. He said that all parameters must be followed.

Immediately after Prime Minister Narendra Modi swore as Prime Minister of India on May 26, 2014, the Federal Minister reiterated: Development to miss the development journey of other parts of India and equalize with the developed parts of the country. “

Jammu and Kashmir’s Lieutenant Governor Manoj Sinha said in a speech that the first real estate summit in Jammu and Kashmir will bring synergies to Jammu and Kashmir in terms of investment, employment and GDP. I did.

The Vice-Governor further stated that all central laws were applied to the welfare of the people of Jammu and Kashmir, as the former law was amended after 2019 and the former law was a real hurdle in the development of UT. .. He emphasized that after the abolition of Article 370, the opening of numerous boulevards in Jammu and Kashmir would make it a new Indian Davos.

Durga Shanker Mishra, Executive Secretary of the Ministry of Housing and Urban Affairs, said that since 2019, there has been a paradigm shift in development in all sectors of Jammu and Kashmir. The opening of many development sectors, such as real estate, creates many opportunities for people in terms of employment, investment and more.

During the summit, Hardeep Singh Puri will e-launch the “Asset Portal Auction”, an affordable rental housing complex scheme, Housing scheme, Jammu and Kashmir housing mission portals at the Sunjwan, Jammu, Jammu, and Kashmir RERA portals. did.

At the summit, many MoUs were exchanged between NARED CONational and NAREDCO Jammu and Kashmir Chapter, NAREDCO and LEAD, NAREDCO and NAR, NAREDCO and Jammu and Kashmir Housing and Urban Development Bureau, JK Ministry of Industry and Commerce, Haldiram and JK Housing Board and Central. rice field. Civil servant welfare housing organization.