Through the insertion of a new section, special protection has been given to grazing land or those that grow fuel and fodder, though they too can be converted only with the collector’s permission. The most important amendment has been made in the Jammu and Kashmir Development Act that deals with the disposal of land with the Centre. 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That said, it is still too early to gauge the real impact of this move on Kashmir's real estate market. “Those creating hurdles in anti-insurgency operations of security forces; should be carpet bombed. Big Story | All about FM Nirmala Sitharaman's latest economic stimulus package, Top Muhurat picks and outlook for Samvat 2077, Ideas For Profit | Samvat 2077: Seven stocks likely to outperform in medium term. 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The Centre has introduced Section 11A to the Act, which protects notified development zones from application of Land Revenue Act and Agrarian Reforms Act. Two Comma PR Top 10 Property Investment CoachesLondon, United Kingdom, Nov. 07, 2020 (GLOBE NEWSWIRE) -- Property investing is an age old tool for those looking to diversify their portfolio, create passive income and build generational wealth for themselves and their family. Such transfers can also happen in favour of public trusts for ‘charitable purposes’. Remember, Kashmir is unlike other regions of India because of safety concerns owing to the cloud of terror. The provisions of the Jammu and Kashmir Agrarian Reforms Act, 1976, Jammu and Kashmir Land Revenue Act, Samvat 1996 or any other law for the time being in force requiring any permission to change the usage of any land, shall not be applicable to any land so covered,” states Section 11A. This will pave the way for any Indian citizen to buy land and property in Jammu and Kashmir. Unless safety is given paramount importance, it is difficult for real estate activity to pick momentum here, Thakur said. The amended laws also do away with the curbs on purchase of farmland by non-Jammu and Kashmir agriculturists and do not impose any limits on the total area utilised for housing or even shops. The government can “allow the transfer of land, as defined in the said section, in favour of any person, institution or corporation, for such industrial or commercial or housing purposes or agricultural purposes or any other public purpose as may be notified by the Government for industrial and commercial development of the Union Territory.”. There are some conditions though. Karnataka government too had proposed a luxury hotel in the Valley. Muzaffarpur, Bihar: Terrorism is on the decline in Jammu and Kashmir since the abrogation of Article 370 and the menace will be rooted out in the foreseeable future, Defence Minister Rajnath Singh said on Wednesday. It is the time when most of the jewelers in the state tender various options to residents and nonresident buyers. It has said the Authority may “declare any zone or part thereof as the development area for the purposes of this Act”. or medium without express writtern permission of moneycontrol.com is prohibited. Outsiders will now be able to purchase urban, or non-agricultural land. There is a background to the government action. # Jammu and Kashmir Jagran Special # Jammu Jagran Special # News # National News # Jammu and Kashmir news; जम्मू में कोरोना वायरस से जुडी सभी खबरे. Food processing industries could also receive a boost, there could be some opportunities in the anvil for e-commerce players but for all that the purchasing power and the economy struggling with the effects of the pandemic, has to improve. We and our partners will store and/or access information on your device through the use of cookies and similar technologies, to display personalised ads and content, for ad and content measurement, audience insights and product development. IPL 2020 final: मुंबई इंडियंस या दिल्ली कैपिटल्स कौन बनेगा IPL 2020 का चैंपियन, सहवाग ने की भविष्यवाणी, IPL 2020 Final LIVE Streaming आज है मेगा फाइनल, कब और कहां देख सकते हैं मुंबई-दिल्ली की टक्कर. The demand for gold surges mostly during the wedding and festival season in Kashmir. Information about your device and internet connection, including your IP address, Browsing and search activity while using Verizon Media websites and apps. - Can process and package around 12,000 to 15,000 of drinking and soda water a day per shift. The government can also take a call on the transfer of agricultural land in favour of “a person or an institution for the purpose of promotion of healthcare or senior secondary or higher or specialised education”. Subscribe Now! Find out more about how we use your information in our Privacy Policy and Cookie Policy. Article 35 A prohibited citizens from other parts of the country from buying land in Jammu and Kashmir. डिजिटल पेमें Copyright © e-Eighteen.com Ltd. All rights reserved. “Upon coming into operation of the master plan or a zonal plan, the land use permitted in the area covered thereunder shall only be as provided in terms of such master or zonal plan. A holder of any agriculture land can construct a house or erect farm building, grain storage, primary processing of agriculture produce, wells or tanks or make any other improvements thereon for residential purpose or agricultural improvement after securing the permission of the Tehsildar concerned. US Elections 2020 | Will Trump start lending his name to real estate projects in India again? 172@29@17@247!~!172@29@0@53!~!|news|india|rules-to-buy-land-in-jammu-and-kashmir-relaxed-should-you-invest-what-is-the-fine-print-and-other-key-questions-answered-6029861.html!~!news|moneycontrol|com!~!|controller|infinite_scroll_article.php!~!is_mobile=false, US should back words with actions if rejoins climate pact: Prakash Javadekar, Mumbai local trains may start for all from December if COVID-19 cases don’t see another spike, Karnataka: H D Kumaraswamy's meeting with B S Yediyurappa fuels speculation. Pune-based Serum Institute gives Oxford-AstraZeneca vaccine to 1,600 volunteers, New 'hidden' gene identified in coronavirus: Study could help combat the virus, Russia's Sputnik V COVID-19 vaccine arrives in India, clinical trials to begin soon: Report, Elon Musk shares results of his COVID-19 tests, says 'something extremely bogus is going on'. Land acquired by the government for industrial or commercial purposes can now be allowed to be disposed of or sold to anybody. Govt issues notice to Twitter for showing Leh as part of J&K instead of UT of Ladakh, Amazon India leases 2.6 lakh sq. Earlier, only ‘permanent’ residents and those with domicile certificates were permitted to buy such land. न्यूज़; मरीज; अस्पताल; दवाएँ; बाजार; पुलिस; जरूर पढ़ें. Copyright © e-Eighteen.com Ltd All rights resderved. Investors should therefore be extremely cautious before investing in these border areas because all said and done these are problematic geographies. Vishva Hindu Prashad (VHP) International Working President, Parveen Togadia on Saturday pitched for carpet bombing on stone pelters in Kashmir. IPL 2020 Final MI Playing XI Prediction: फाइनल मुकाबले में मुंबई की गेंदबाजी क्रम में होगा बदलाव! But the plinth area of such building or improvement shall not exceed 400 square meters in total. Contract farming will also be permitted on agricultural land. Earlier, only permanent residents of the state could have bought this land. A ruckus over the release from prison of a man who led one of the biggest revolts against the Indian military in Kashmir is adding to mounting problems for … Coronavirus Essential | Social distancing norms forgotten in markets ahead of Diwali; Russia vaccine arrives in India for trial. On October 27, the central government notified rules that allow outsiders to buy urban, or non-agricultural land, in Jammu and Kashmir. 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