J&K LG Manoj Sinha Hails Real Estate as Future Backbone of Economy
Jammu and Kashmir Lieutenant Governor Manoj Sinha praised the real estate sector's growth, predicting it will become the backbone of the economy by 2047, contributing 18% to India's GDP.
Real EstateJammu And KashmirManoj SinhaEconomyCsrReal EstateSep 25, 2025
“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 emphasized 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.
Frequently Asked Questions
What did Lieutenant Governor Manoj Sinha predict about the real estate sector?
Lieutenant Governor Manoj Sinha predicted that the real estate sector will become the backbone of the economy by 2047 and will contribute 18% to India's GDP.
What is the Atal Sarthi Programme, and what did Manoj Sinha say about it?
The Atal Sarthi Programme is part of the Atal Innovation Mission, NITI Aayog. Manoj Sinha emphasized that Atal Tinkering Labs are providing innovation and technology to the knowledge power, becoming a means of exploring new discoveries and self-confidence for the youth.
What CSR initiatives were proposed by the Indo-Australian delegation?
The Indo-Australian delegation proposed several CSR initiatives, including the establishment of ten Smart Villages, setting up AI Labs, a Waste-to-Wealth programme, Water Remediation Projects, construction of Community Centres, and rehabilitation support for flood victims.
What is the vision of Viksit Bharat 2047?
The vision of Viksit Bharat 2047 is to transform India into a developed and self-reliant nation by 2047, with significant contributions from various sectors, including real estate.
How does the real estate sector contribute to the economy?
The real estate sector contributes to the economy by creating jobs, generating revenue, and driving infrastructure development. It is expected to contribute 18% to India's GDP by 2047.
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