Excelsior Correspondent
JAMMU, May 29: A high-level delegation from the PHD Chamber of Commerce and Industry (PHDCCI) met with Satish Chandra, Chairperson of the Jammu and Kashmir Real Estate Regulatory Authority (J&K RERA), to discuss key regulatory matters and challenges facing the real estate sector in the Union Territory.
The delegation was headed by Rajeev Talwar, former President, PHDCCI ; Himayu Wani, Co-Chair, PHDCCI Kashmir; Sameer Gupta, PHDCCI New Delhi; Retd Major General Ashok Narula and Iqbal Fayaz Jan, Deputy Director of PHDCCI Kashmir.
During the meeting, the delegation highlighted critical issues impacting the growth and regulation of the real estate sector in Jammu & Kashmir. Discussions centered on streamlining approval processes, enhancing transparency, and fostering sustainable infrastructure development to attract investments and boost economic growth in the region.
The Chairperson, Satish Chandra, acknowledged the concerns raised by the delegation and emphasized the importance of collaborative efforts between RERA and industry stakeholders. He urged PHDCCI to submit a detailed compilation of sector-specific challenges and actionable suggestions for the holistic development of infrastructure and real estate in Jammu & Kashmir.
Rajeev Talwar, former President of PHDCCI, stated that the real estate sector is a key driver of economic progress, and constructive dialogue with regulatory authorities is essential to address bottlenecks. We appreciate the Chairperson’s proactive approach and will soon present a comprehensive set of recommendations, he added.
Himayu Wani, Co-Chair of PHDCCI Kashmir, added: “J & K holds immense potential for real estate and infrastructure growth. This meeting marks a significant step toward creating a more conducive ecosystem for developers and investors.”
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