RERA holds the key to development of J&K's realty sector, say experts

The first thing that the government should try to do is to bring in transparency in J&K's real estate market

There has been visible excitement among businesses and individuals on the prospect of opening up of the nascent real estate market in Jammu & Kashmir to non-locals. This follows the recent decision by Parliament to abrogate the special status given to Jammu and Kashmir under Article 370 and Article 35A of the Constitution. 

However, experts feel it will take a while before the regulatory landscape becomes conducive for transparent real estate transactions in the troubled region. Anuj Puri, chairman, ANAROCK Property Consultants, points out that the region remains highly sensitive and security concerns may keep property buyers at bay. “Even