Prime Minister Narendra Modi announced various development projects during his March 2024 visit to Jammu and Kashmir. These projects, part of the ‘Viksit Bharat, Viksit Jammu and Kashmir’ programme, include approximately 220 initiatives with an estimated cost of Rs 32,000 Cr. Read on to learn more about the newly launched infrastructure projects in Jammu and Kashmir.
What is Viksit Bharat, Viksit Jammu and Kashmir programme?
The ‘Viksit Bharat, Viksit Jammu and Kashmir’ Programme is a governmental endeavour aimed at enhancing various sectors within the Jammu region, including education, health, transportation (road, rail, aviation), civic infrastructure, and petroleum. Within this programme, numerous development projects totalling Rs 32,000 Cr have been initiated.
New infra projects in Jammu and Kashmir under Viksit Bharat, Viksit Jammu and Kashmir programme
Prime Minister Modi launched and initiated a series of transformative projects as part of the ‘Viksit Bharat, Viksit Jammu and Kashmir’ programme. These initiatives primarily focus on enhancing healthcare, transportation, education, and infrastructure sectors. Here are the key development projects under this programme.
AIIMS Jammu
The inauguration of AIIMS in Jammu signifies a significant milestone in healthcare infrastructure, providing comprehensive and advanced medical services to the people of the region. The Prime Minister inaugurated the All India Institute of Medical Sciences (AIIMS) in Vijaypur (Samba), Jammu, as part of the Pradhan Mantri Swasthya Suraksha Yojana. The institute, established at a cost of over Rs 1,660 Cr and covering an area of 227 acre, will ensure quality healthcare services for the people of Jammu and Kashmir.
Educational Projects
Improving educational infrastructure is a key focus area of the programme to elevate the quality of education and skill development. The prime minister inaugurated and dedicated several projects worth approximately Rs 13,375 Cr aimed at upgrading and developing education infrastructure across the country. These include:
- 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 initiatives undertaken as part of the ‘Viksit Bharat, Viksit Jammu and Kashmir’ Programme are poised to significantly impact the region’s real estate sector. With the inauguration of projects such as the All India Institute of Medical Sciences (AIIMS) in Jammu, there is expected to be a notable increase in demand for both residential and commercial properties in the area. Furthermore, the construction of a new airport terminal and enhancements in rail-road connectivity are anticipated to improve accessibility to various parts of Jammu and Kashmir. This improved connectivity is likely to lead to a rise in property prices across the region, benefitting the real estate market in the valley. The valley is on the brink of transformation, with better connectivity and growing demand for residential and commercial properties.
Housing.com POV
Prime Minister Narendra Modi’s announcement of various development projects during his March 2024 visit to Jammu and Kashmir under the ‘Viksit Bharat, Viksit Jammu and Kashmir’ Programme marks a significant step towards transforming the region. With approximately 220 initiatives launched at an estimated cost of Rs 32,000 Cr, this programme targets the enhancement of key sectors, such as education, healthcare, transportation, and infrastructure. The impact of these initiatives extends to the real estate sector, with expectations of increased demand for residential and commercial properties due to improved infrastructure and connectivity. The valley is poised for transformation, and the growth narrative of the region is anticipated to align with other key areas of the country.
FAQs
What is the 'Viksit Bharat, Viksit Jammu and Kashmir' Programme?
The 'Viksit Bharat, Viksit Jammu and Kashmir' Programme is a governmental initiative spearheaded by Prime Minister Narendra Modi aimed at enhancing various sectors within the Jammu region, including education, healthcare, transportation, and infrastructure.
How many development projects are included in the programme, and what is their estimated cost?
The programme encompasses approximately 220 initiatives with an estimated cost of Rs 32,000 Cr, targeting comprehensive development across various sectors in Jammu and Kashmir.
What are some key projects inaugurated under the programme?
Significant projects inaugurated under the programme include the All India Institute of Medical Sciences (AIIMS) in Jammu, the establishment of permanent campuses for prestigious institutions like IITs and IIMs, electrification of railway lines, construction of new airport terminals, and the development of road infrastructure, such as expressways and tunnels.
How will the programme impact the real estate sector in Jammu and Kashmir?
The programme is expected to have a significant impact on the real estate sector, with the inauguration of key projects, such as AIIMS Jammu and improvements in transportation infrastructure likely to drive up demand for both residential and commercial properties in the region.
What is the potential outlook for Jammu and Kashmir's growth and development in the coming years?
With the implementation of the 'Developed India, Developed Jammu and Kashmir' Programme, the region is poised for transformation and growth. Enhanced connectivity, improved healthcare, and educational facilities, and upgraded infrastructure are expected to contribute to the region's development story, aligning it with other key areas of the country.
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