Real-Estate Developers Are Wary Of Investing In J&K: ‘Businesses Cannot Grow If There Are Curfews’ scroll.in

Within hours of the Indian government’s announcement on August 5 that it was revoking the special status of Jammu and Kashmir, a text message went viral. Purporting to be from real estate firm in Kolkata, it offered to secure land deals in the region at a throwaway price. Along with removing the state’s special status, the government had also dismantled the provision that barred outsiders from owning land in Jammu and Kashmir.Real-estate firms have been inundated with queries from customers, eager to know how they could buy land in the state that now stands bifurcated into two Union Territories – Jammu and Kashmir, and Ladakh. What are the kind of queries they have received and what is their assessment of the future? Scroll.in spoke to three real-estate firms and investors. But they all said that they were still unclear about investing in the territory.