J&K LG Manoj Sinha Hails Real Estate's Growth as Future Economic Backbone
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. He highlighted the sector's potential to contribute 18% to India's GDP and discussed various initiatives for sustainable development.
Real EstateJammu And KashmirManoj SinhaEconomic GrowthCsr InitiativesReal Estate NewsSep 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 is the vision of Viksit Bharat 2047?
Viksit Bharat 2047 is a vision that aims to transform India into a developed nation by 2047, marking the 100th year of India's independence. It focuses on various sectors including real estate, technology, and social development.
How much is the real estate sector expected to contribute 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 are Atal Tinkering Labs?
Atal Tinkering Labs are innovation hubs set up under the Atal Innovation Mission by NITI Aayog. They provide resources and opportunities for young students to explore science, technology, and innovation.
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 AIFORERA?
AIFORERA stands for the Association of Indian For Real Estate and is a governing body that oversees the real estate sector in India, focusing on policy, regulation, and development.
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