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All you want to know about Article-370 and 35A impact on real estate.

The Decision of Revoking Special status granted to jammu and Kashmir under Article-370 and 35 (a) by the modi Government was recently validate by the Constitution bench of supreme court.jammu and Kashmir was a part of India but never Governed by Indian Constitution for 72 years.

The Constitution of India is based on principles like Freedom,Equality, and Fraternity.but on jammu and Kashmir state many sections of Indian Constitutions were not Applicable.

In past the Leaders of india Purposely paint Kashmir as a hindu-muslim issue to fulfuill their Political Aim.People of this state stuck in a Poverty Despite those leaders ignored their unpleasant condition.

Article-370 Empower Jammu and Kashmir to Have it’s Own Constitution.Indian Constition is not Completely Applicable on it.It is Limited to Defence,Communications and Foreign Affairs only.

Due to restriction imposed by Article-35(A) on sale or Purchase of any land in Jammu and Kashmir, Industries were avoid coming there it is Eventually Affect The Industrial Development of the State.

Economy of Jammu and Kashmir state depended on Tourism, but because of the Terrorism it went in Deep Crisis.

The Rights Conferred to the Women and other Backward classes were not be able to get it due to Article-370 and 35(A).

Even after Merger of Kashmir with India, Royal Family Tradition continued for long period of time. Congress ruled in state for long period of Time. At the same time people of Jammu and Kashmir deprived from their constitutional Rights by the Communists, Journalists and The Representatives who represent them in Parliament.

IMPACT: Abolition of Article-370 and Article-35(A) Brings Important Changes i.e

Empowerment of people by bringing Equallity and by elimination of unfair and unjust law those who are not able to claim their Rights are now Getting it.

These change has brought socio-economic Development of Jammu and Kashmir and Ladakh That leads these 2 states on the path of Peace and Progress.

By Establishing 3- tire system of panchayati raj ,District Development Council at a Grassroot level Democracy has been Establised in the state of Jammu and Kashmir.

As a Result of Removal of Article-35(A) People Now can Acquire immovable property, Scholarship and Government Jobs and other aid.

Businesses are now investing in Jammu and Kashmir in large numbers.

Dubai Based Businesses like AI Maya Group, EMAAR Group, MATU Investment etc.

EMAAR group is developing 10 lakh sq.ft Mall in Srinagar.

Over 169 Industrial units with Rs. 7096 crore investment Started Initial Work and starts Production in a Short Time.

After G20 Summit Foreign Tourists are Increased.

Many Builders also Shows Their Interest to Invest here During a Real Estate Summit.

Author: Sonal Patel