During his visit to Jammu and Kashmir in March 2024, Prime Minister Narendra Modi unveiled several development initiatives. These initiatives, part of the 'Viksit Bharat, Viksit Jammu and Kashmir' program, consist of around 220 projects costing an estimated Rs 32,000 Cr. Continue reading to discover additional information about the recently initiated construction projects in Jammu and Kashmir.
What is Viksit Bharat, Viksit Jammu and Kashmir programme?
The government's 'Viksit Bharat, Viksit Jammu and Kashmir' Programme aims to improve different sectors in Jammu, such as education, health, transportation (road, rail, aviation), civic infrastructure, and petroleum. Several development projects worth Rs 32,000 Cr have been started under this program.
New infra projects in Jammu and Kashmir under Viksit Bharat, Viksit Jammu and Kashmir programme
Prime Minister Modi introduced a number of groundbreaking projects under the 'Developed India, Developed Jammu and Kashmir' initiative. The main focus of these endeavors is to improve the healthcare, transportation, education, and infrastructure fields. These are the main development projects included in this program.
AIIMS Jammu
The opening of AIIMS in Jammu marks a major achievement in healthcare facilities, offering extensive and cutting-edge medical care to the local population. The Prime Minister launched AIIMS in Vijaypur (Samba), Jammu, under the Pradhan Mantri Swasthya Suraksha Yojana. The facility, built with a budget exceeding Rs 1,660 Cr and spanning 227 acres, will provide high-quality healthcare services to the residents of Jammu and Kashmir.
Educational Projects
Enhancing educational facilities is a main priority of the initiative in order to enhance the quality of education and skill advancement. The prime minister launched numerous projects totaling around Rs 13,375 Cr with the goal of enhancing and improving education infrastructure nationwide. Some of these consist of:
- Dedication of permanent campuses for esteemed institutions like IIT Tirupati, IIT Bhilai, IIITDM Kurnool, and IISER Tirupati to the nation.
- Inauguration of permanent campuses for prestigious institutes, such as IIM Jammu, IIM Visakhapatnam, and IIM Bodh Gaya.
- Inauguration of improved infrastructure, including academic blocks, hostels, libraries, and administrative buildings for multiple institutes, such as NIT Delhi, IIT Jammu, NIT Durgapur, IIT Kharagpur and more.
Rail, airport, and road projects
The implementation of new road expressways, rail lines, and airport upgrades under the programme aims to revolutionise transportation infrastructure. These projects include:
- Electrification of railway lines between Banihal-Khari-Sumber-Sangaldan section.
- Construction of a new terminal building at Jammu Airport.
- Inauguration of the region’s first electric train running between Sangaldan and Baramulla stations.
- Inauguration of the country’s longest transportation tunnel, T-50 (12.77 km), between Sumber and Khari to enhance connectivity and economic development.
- Laying the foundation stone for key road projects, including packages of the Delhi-Amritsar-Katra Expressway and the Srinagar Ring Road.
- Development of the Common User Facility (CUF) Petroleum depot at Jammu.
New infra projects in Jammu and Kashmir: Impact on real estate
The measures implemented through the 'Developed India, Developed Jammu and Kashmir' program are expected to have a major effect on the area's real estate industry. The opening of projects like AIIMS in Jammu is anticipated to lead to a significant rise in the need for residential and commercial real estate in the region. Moreover, it is expected that the development of a new airport terminal and improvements in rail-road connections will enhance access to different areas of Jammu and Kashmir. The enhanced connection is expected to result in an increase in real estate prices throughout the area, which will benefit the valley's property market. The valley is on the verge of change, as connectivity improves and the need for residential and commercial properties increases.
Aquire Acres.com POV
Prime Minister Narendra Modi's declaration of a range of development initiatives on his visit to Jammu and Kashmir in March 2024 as part of the 'Viksit Bharat, Viksit Jammu and Kashmir' Programme is a crucial move in changing the region. This program aims to improve important sectors like education, healthcare, transportation, and infrastructure through around 220 projects costing around Rs 32,000 crore. Improved infrastructure and connectivity are projected to drive a rise in demand for residential and commercial real estate, impacting the sector significantly. The valley is ready for change, and the expected development story of the area is likely to synchronize with other important parts of the country.
Ans 1. Reasi Railway Station. Reasi Railway Station is an under-construction railway station in Reasi district, Jammu and Kashmir, India. It will be located on the Jammu-Baramulla railway line, which is currently under construction. The station is estimated to be completed by early 2024.
Ans 2. The construction work of 17601 km of road under Pradhan Mantri Gram Sadak Yojna has been completed up to March, 2022, which has connected 2074 places. New Banihal tunnel and Chenani Nashri Tunnel completed and opened to traffic.
Ans 3. AIIMS Jammu In a step that will provide comprehensive, quality and holistic tertiary care health services to the people of Jammu and Kashmir, the Prime Minister inaugurated All India Institute of Medical Sciences (AIIMS), Vijaypur (Samba), Jammu.
Ans 4. National HIghway Project NH-44 would provide all-weather-connectivity from Jammu to the Kashmir valley. It will also reduce journey time from Jammu to Srinagar and strategic border areas in the State of J&K.