National Building Construction Corporation (NBCC) is preparing to enter Jammu and Kashmir’s regulated housing market, with plans to undertake RERA-approved real estate projects in the Union Territory, officials said on Friday, February 13, 2026.
Satish Chandra, IAS (Retd.), Chairman of the Real Estate Regulatory Authority (RERA), J&K, disclosed the development while addressing a panel discussion on RERA reforms in the housing sector at the National Urban and Real Estate Development Conclave 2026 in New Delhi.
“NBCC is most likely to undertake housing and real estate projects in the UT of J&K,” Chandra said, indicating that discussions are at an advanced stage.
Land Identification Underway
According to Chandra, RERA J&K is currently in talks with multiple agencies to streamline approvals and facilitate upcoming real estate developments in both the Jammu and Srinagar regions. Parcels of land are being identified for these projects, though detailed announcements are yet to be made.
“RERA of J&K is in talks with multiple agencies to effectively undertake approvals for a few real estate projects both in Jammu and Srinagar region for which parcels of land are being identified,” he said.
While he refrained from sharing specifics about the size or configuration of the proposed developments, he confirmed that NBCC is planning to participate in constructing these housing projects once details are finalised.
The move is expected to bring greater institutional participation to J&K’s housing sector, particularly under the regulatory oversight of RERA.
RERA Infrastructure Strengthened in J&K
Chandra also highlighted that RERA has now been allotted office spaces in both Srinagar and Jammu, strengthening the regulatory framework in the Union Territory.
“RERA has been allotted office space both in Srinagar and Jammu to approve real estate projects in the two regions,” he said.
At present, five projects are under RERA in J&K. Chandra noted that there is growing enthusiasm among developers to launch projects under formal regulatory oversight.
The expansion of RERA’s physical presence in the region is seen as a step toward improving transparency, ensuring compliance and encouraging organised development.
Real Estate’s Expanding National Role
The announcement comes at a time when India’s real estate sector is entering what many describe as a defining growth phase. Backed by steady economic expansion, rising urban aspirations and supportive policy measures, the sector is projected to play a central role in India’s long-term development.
Industry estimates suggest that India’s real estate market could reach USD 5–7 trillion by 2047, with the potential to exceed USD 10 trillion as the country moves toward its Viksit Bharat 2047 goal.
Urbanisation trends are expected to further accelerate this momentum. By 2035, around 40 per cent of India’s population is projected to live in cities. By 2047, that number could approach 50 per cent, intensifying demand for structured housing and integrated urban infrastructure.
This shift is likely to place greater emphasis on transit-oriented development, efficient land use and planned urban ecosystems.
A Regulated Push for Growth
For Jammu and Kashmir, institutional participation by a central public sector enterprise like NBCC, combined with active RERA oversight, could signal a new chapter in formalised real estate growth.
As regulatory systems stabilise and land parcels are identified, the proposed projects may help create a structured housing pipeline in the region. If implemented as indicated, NBCC’s entry could bring scale, credibility and compliance-driven development to a market that is gradually aligning with national urban growth trends.
