PHDCCI team meets J&K RERA chairperson, seeks reforms to boost real estate sector

Srinagar: A high-level delegation from the PHD Chamber of Commerce and Industry (PHDCCI) met with Satish Chandra, Chairperson of the Jammu & Kashmir Real Estate Regulatory Authority (J&K RERA), to deliberate on policy and regulatory issues affecting the real estate and infrastructure sectors in the Union Territory.

According to a statement issued to Ziraat Times, the delegation was led by Rajeev Talwar, Past President of PHDCCI, and included Himayu Wani, Co-Chair, PHDCCI Kashmir; Sameer Gupta from PHDCCI New Delhi; Retd. Major General Ashok Narula (AVSM); and Iqbal Fayaz Jan, Deputy Director, PHDCCI Kashmir.

Key areas of discussion during the meeting included the need to streamline approval processes, strengthen transparency mechanisms, and promote sustainable infrastructure development in the region to make Jammu & Kashmir more attractive for real estate investors and developers.

Chairperson Satish Chandra acknowledged the concerns raised by the delegation and expressed RERA’s commitment to engaging constructively with industry stakeholders. He encouraged the Chamber to submit a detailed proposal outlining sector-specific issues and policy suggestions, which could support a more efficient and investor-friendly regulatory environment.

Speaking on the occasion, Rajeev Talwar noted, “The real estate sector is a key driver of economic progress, and constructive dialogue with regulatory authorities is essential to address bottlenecks. We appreciate the Hon’ble Chairperson’s proactive approach and will soon present a comprehensive set of recommendations.”

Echoing the sentiment, Himayu Wani emphasized the untapped potential of Jammu & Kashmir’s infrastructure and real estate sectors. “J&K holds immense potential for real estate and infrastructure growth. This meeting marks a significant step toward creating a more conducive ecosystem for developers and investors,” he said.