close
close

J&K government engages real estate agents in draft development rights and land pooling policy – ​​Statetimes

Posted on by darion

STATE TIME NEWS

SRINAGAR: The Government of Jammu and Kashmir has taken a significant step towards improving urban development by formulating the Draft Jammu and Kashmir Land Pooling Policy and Utilization of Tradable Development Rights 2024 and the Draft Jammu and Kashmir Land Pooling Policy 2024.
As part of its inclusive policy-making process, the Department of Housing and Urban Development on Saturday invited the public to submit concerns and suggestions.
To support this initiative, the Secretary Commissioner of the Department of Housing and Urban Development convened meetings with real estate stakeholders in Kashmir and Jammu on June 26 and 29, 2024 at the Civil Secretariat, Srinagar and Jammu.
These meetings were held to gather valuable insights and opinions from real estate agents across Jammu and Kashmir on the proposed rules.
A comprehensive presentation of the draft Policy on the Allocation and Use of Transferable Development Rights and the draft Land Pooling Policy was provided, detailing the key features and benefits of these policies.
The presentation highlighted the government’s commitment to creating a sustainable development framework that takes into account the needs of all stakeholders.
After the presentation, real estate agents were asked to submit comments and suggestions.
Participants actively shared their perspectives, offering constructive feedback and proposing amendments to make the policy more effective. The discussions were characterized by a collaborative spirit, with real estate agents expressing their appreciation for the government’s inclusive approach.
Both meetings ended positively and the Commissioner’s Secretary thanked real estate agents for their participation and valuable comments. The feedback collected during these sessions will be carefully reviewed and incorporated into the finalization of policies.
The Government of Jammu and Kashmir will continue to promote transparent and participatory decision-making, ensuring that the voices of all stakeholders are heard and taken into account.
The final version of the policy is expected to pave the way for more organised and sustainable urban development in the region.