Property Prices In Jammu & Kashmir May See Rise After Abrogation Of Article 370: Anarock economictimes.indiatimes.com

NEW DELHI: The decision to revoke special status for Jammu & Kashmir is likely to increase the property prices for locals as prices in Srinagar has been hovering very low in a range of Rs 2,200-4,000 per sq ft, property consultant Anarock said on Monday. However, the consultant said that security concerns may keep prospective property buyers at bay for now. "On the one hand, locals will finally see an increase in the value of their properties. On the other, the really exciting prospect is the opening up of opportunities for Indians from outside J&K to finally invest in immovable property here," Puri said.