The Srinagar Development Authority (SDA) and National Buildings Construction Corporation (NBCC) have signed an MoU to develop a satellite township at Rakh Gund Aksha, Bemina, Srinagar, spanning 406 acres. The project, costing approximately INR 15,000 crore, will unfold over five years in phases, featuring modern amenities like residential plots, luxury villas, apartments, commercial spaces, and a five-star resort. Supported by a self-sustaining model, the project will include 3,200 affordable housing units. This collaboration aims to modernise Srinagar's infrastructure, stimulate the local economy, create jobs, and attract investment, marking a significant milestone in the region's development.Read more
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