J&K Hunts For 7,500 Acres Of Land For Investors Ahead Of April Global Summit theprint.in

The Jammu & Kashmir administration has decided to identify 60,000 kanals (around 7,500 acres) of government land for potential investors ahead of the much-awaited global investor summit in April, ThePrint has learnt. The summit is scheduled for the third week of April, six months after its original October date, multiple officials in the administration said. Of the 60,000 kanals (a unit of land used in northern India, equivalent to one-eighth of an acre), 50,000 kanals are in Jammu and 10,000 in Kashmir, the officials added. The land to be identified will either be rented out, leased or even sold to potential investors across the globe, the sources said. The sale of Kashmiri land to outsiders has been made possible by the scrapping of Article 370 and Article 35A last year — the constitutional provisions set aside special privileges for Jammu & Kashmir residents and barred outsiders from owning local property.