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Maharashtra first state to buy land in Kashmir

Published: 23rd Mar, 2024

Context

Maharashtra is set to become the first Indian state to buy land in union territory Jammu and Kashmir in order to construct a tourist facility for the state's people.

The legal framework

  • Before the abrogation of Article 370, only the permanent residents of Jammu and Kashmir could buy land in the erstwhile state. However, at that, the government could lease lands for up to 99 years to industries and people from outside.
  • This legal framework legal framework underwent significant changes following the abrogation, leading to new opportunities for land acquisition and development projects in the Union Territory.

Verifying, please be patient.

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