J&K LG Manoj Sinha Hails Real Estate Sector's Rapid Growth
Jammu and Kashmir Lieutenant Governor Manoj Sinha praised the real estate sector's significant growth, emphasizing its role in the economy by 2047. The sector is expected to contribute 18% to India's GDP, making it a crucial backbone of the nation's economic vision.
Real EstateJammu And KashmirManoj SinhaGdpViksit Bharat 2047Real EstateSep 25, 2025
In the meeting, Sinha emphasized 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 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 is the expected contribution of the real estate sector to India's GDP by 2047?
The real estate sector is expected to contribute 18% to India's GDP by 2047, according to Lieutenant Governor Manoj Sinha.
What is the vision of Viksit Bharat 2047?
Viksit Bharat 2047 is a vision for a developed and prosperous India by 2047, with a focus on various sectors including real estate, to contribute significantly to the nation's economy.
What are Atal Tinkering Labs?
Atal Tinkering Labs are innovation and technology hubs that provide resources for youth to explore new discoveries and enhance their self-confidence.
What CSR initiatives were proposed by the Indo-Australian delegation?
The delegation proposed the establishment of ten Smart Villages, AI Labs, a Waste-to-Wealth programme, Water Remediation Projects, Community Centres, and rehabilitation support for flood victims.
What is the significance of the Atal Sarthi Programme?
The Atal Sarthi Programme, launched by the Atal Innovation Mission, aims to support and enhance innovation and technology in educational institutions, fostering a culture of creativity and discovery among students.
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