TY - GEN
T1 - Housing in Kashmir Valley
T2 - International Conference on Future is Urban, ICFU 2021
AU - Misri, Bhavna
AU - Ogra, Aurobindo
N1 - Publisher Copyright:
© 2023 Nirma University.
PY - 2023
Y1 - 2023
N2 - The housing sector in India faced several barriers for decades post-independence: disorganized market, development inconsistencies, pigeonholed development policies and a restrictive rent control act. Housing sector reforms starting in 1990s overhauled the situation. The formulation of a housing policy, the establishment of customer centric housing finance programs, monetary incentives, enhanced public investing, legal amendments, modern housing amenities and other initiatives resulted in several progressive shifts in the housing industry. It is important to address that while the housing sector enjoyed a nationwide growth trajectory due to continuous policy reforms, the erstwhile state of Jammu and Kashmir (J&K) was in a development freeze, owing to Article 370, wherein only permanent residents of J&K possessed the right to buy property in the state. The real estate market existed in a silo and did not keep pace with the rest of the country. Following the abrogation of Article 370 on August 5, 2019, the Ministry of Home Affairs amended, repealed, or substituted 26 land laws in J&K, removing all legal barriers that restricted the purchase of land by non-residents. The now Union Territory (UT) of J&K is staring at a new dawn of housing development. Based on the situational analysis, the research identifies the opportunities lost in housing segment in Kashmir valley from 1990 to 2019 till the abrogation of Article 370. The research applies qualitative research approach and methods by policy analysis in housing sector.
AB - The housing sector in India faced several barriers for decades post-independence: disorganized market, development inconsistencies, pigeonholed development policies and a restrictive rent control act. Housing sector reforms starting in 1990s overhauled the situation. The formulation of a housing policy, the establishment of customer centric housing finance programs, monetary incentives, enhanced public investing, legal amendments, modern housing amenities and other initiatives resulted in several progressive shifts in the housing industry. It is important to address that while the housing sector enjoyed a nationwide growth trajectory due to continuous policy reforms, the erstwhile state of Jammu and Kashmir (J&K) was in a development freeze, owing to Article 370, wherein only permanent residents of J&K possessed the right to buy property in the state. The real estate market existed in a silo and did not keep pace with the rest of the country. Following the abrogation of Article 370 on August 5, 2019, the Ministry of Home Affairs amended, repealed, or substituted 26 land laws in J&K, removing all legal barriers that restricted the purchase of land by non-residents. The now Union Territory (UT) of J&K is staring at a new dawn of housing development. Based on the situational analysis, the research identifies the opportunities lost in housing segment in Kashmir valley from 1990 to 2019 till the abrogation of Article 370. The research applies qualitative research approach and methods by policy analysis in housing sector.
KW - Article 370
KW - Housing
KW - Kashmir
KW - Policy
KW - Reforms
UR - https://www.scopus.com/pages/publications/105009409961
M3 - Conference contribution
AN - SCOPUS:105009409961
SN - 9781032378923
T3 - Future is Urban: Livability, Resilience and Resource Conservation - Proceedings of the International Conference on Future is Urban, ICFU 2021
SP - 613
EP - 624
BT - Future is Urban
A2 - Sharma, Utpal
A2 - Aparna, A.
A2 - Parthasarathy, R.
PB - CRC Press/Balkema
Y2 - 16 December 2021 through 18 December 2021
ER -
