Key Points

Jammu and Kashmir Lieutenant Governor Manoj Sinha has made a bold prediction about the future of India's real estate sector. He stated that its progress positions it to become the backbone of the nation's economy. This growth is central to achieving the goals of the Viksit Bharat 2047 vision. The LG also participated in events focused on youth innovation and welcomed sustainable development proposals for the region.

Key Points: J&K LG Manoj Sinha Says Real Estate Will Be Economy Backbone

  • Sinha forecasts 18% GDP contribution from real estate for Viksit Bharat 2047
  • Consultancy firms predict huge future growth for the sector
  • He also launched the Atal Sarthi Programme to boost youth innovation
  • An Indo-Australian delegation proposed smart villages and AI labs for J&K
2 min read

Will become backbone of economy, J&K LG Manoj Sinha praises real estate's growth

J&K LG Manoj Sinha predicts real estate will be the backbone of India's economy, contributing 18% to GDP under the Viksit Bharat 2047 vision.

"The way the real estate sector has progressed... it will become the backbone of the economy... - Manoj Sinha"

Srinagar, September 25

Jammu and Kashmir Lieutenant Governor Manoj Sinha praised the growth of the real estate sector over the decades in the AIFORERA Governing Council Meeting on Thursday.

In the meeting, Sinha emphasised that India's real estate sector will become the backbone of the economy in the vision of Viksit Bharat 2047. The sector is expected to contribute 18% to the country's GDP.

"The way the real estate sector has progressed in the past few decades, it can be said that this sector will become the backbone of the economy in the vision of Viksit Bharat 2047 and will potentially contribute to the GDP by 18%..." said the Lt governor.

The Jammu and Kashmir LG also stated that there will be significant growth in the sector in the coming times.

"And it is believed by the consultancy firms that there will be huge growth in the sector in the coming times..." added Sinha.

Meanwhile, the Lieutenant Governor of the union territory also attended the launch of the Atal Sarthi Programme of the Atal Innovation Mission, NITI Aayog, which was held at the Convocation Complex of the University of Kashmir.

During the programme, Sinha emphasised that Atal Tinkering Labs are becoming a new means of exploring new discoveries and enhancing self-confidence among youth.

"Atal Tinkering Labs are providing innovation and technology to the knowledge power... It is becoming a means of exploring new discoveries and self-confidence for the youth..." said Manoj Sinha.

Meanwhile, an Indo-Australian delegation led by Sajid N. Saiyed, Chairman of the Bharat CSR Network met Jammu and Kashmir Lieutenant Governor Manoj Sinha and presented a series of proposed Corporate Social Responsibility (CSR) initiatives aimed at sustainable development in the region.

During the meeting, the delegation proposed several impactful projects for Jammu and Kashmir, including the establishment of ten Smart Villages, the setting up of Artificial Intelligence (AI) Labs, a Waste-to-Wealth programme to promote sustainability, Water Remediation Projects, the construction of Community Centres, and rehabilitation support for flood victims, as per an official release. Lieutenant Governor Manoj Sinha welcomed the proposals and lauded the delegation's commitment to community empowerment and inclusive development.

- ANI

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Reader Comments

P
Priya S
The AI labs and Atal Tinkering Labs initiative is brilliant! Our youth need such exposure to compete globally. Hope these projects get implemented properly without delays.
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Aman W
While the vision is good, I hope they maintain ecological balance in J&K. Construction boom shouldn't damage the natural beauty of Kashmir valley. Sustainable development is key!
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Sarah B
The Waste-to-Wealth programme sounds innovative! India needs more such circular economy models. Hope other states learn from J&K's initiatives.
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Kavya N
Good to see international collaboration with the Indo-Australian delegation. Global expertise can really accelerate J&K's development. The smart villages concept is much needed in rural areas.
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Michael C
️18% GDP contribution is ambitious but achievable if implemented correctly. The key will be affordable housing for middle class, not just luxury projects.
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Nikhil C
Hope the flood victims rehabilitation gets priority. Often such announcements happen but implementation takes years. Action speaks louder than words! 💪

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