3 Urban Projects Worth Rs 2,693 Cr Approved In J&K

(MENAFN- Kashmir Observer) Srinagar- The Union Territory Level High Powered Steering Committee (UTHPSC) on Tuesday approved three major urban development projects in Jammu and Kashmir with a cumulative base cost of Rs 2,692.58 crore under the Government of India's Urban Challenge Fund (UCF).

The projects, identified by the Housing and Urban Development Department, include TARANG (Tawi Area Regeneration and Green Growth) in Jammu, Walled City and Nigeen Lakefront Revitalisation in Srinagar, and KRIPA (Katra Revitalisation Through Integrated Pilgrimage Amenities) in Reasi.

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The projects are aimed at combining public investment with market-linked financing and private participation to develop modern, sustainable and economically vibrant urban spaces.

The approval was granted at a meeting of the UTHPSC chaired by Chief Secretary Atal Dulloo.

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Officials said the move would help J&K leverage the UCF framework to undertake transformative urban infrastructure projects while mobilising additional institutional, municipal and private capital.

Rs 1,568-Cr Tawi regeneration project
TARANG, estimated to cost Rs 1,567.91 crore, envisages comprehensive regeneration of the Tawi riverfront and surrounding urban areas through public infrastructure and public-private partnership-led commercial development.

The project will receive Rs 307.05 crore each from the Centre and the J&K government, while Rs 953.81 crore is proposed to be mobilised through market and PPP financing.

The PPP component includes a high-end residential group housing project, an upscale hotel, a modern retail mall and associated Left Bank road infrastructure.

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The project also includes structural and river-protection works such as a diaphragm wall, embankment filling, retaining walls with anchor slabs and interceptor drainage infrastructure.

Srinagar's historic core, Nigeen lakefront to be revamped
The Walled City and Nigeen Lakefront Revitalisation project has an estimated cost of Rs 1,010 crore and aims to rejuvenate Srinagar's historic urban core and unlock the economic potential of its lakefront areas.

Around Rs 300 crore will be spent on core public infrastructure and the revitalisation of the historic city.

The PPP component will support the development of a Hospitality Centre, Pokribal Lakefront and a premium five-star boutique hotel.

Katra gets Rs 114-Cr pilgrim infrastructure push
The KRIPA project in Reasi, estimated at Rs 113.90 crore, will focus on improving pilgrim amenities, mobility management and institutional infrastructure in Katra.

A key component is the Katra Gateway Centre, planned as a seven-floor mixed-use facility on a half-acre site, with around 1.39 lakh square feet of built-up area.

The facility will include pilgrim dormitories with 480 beds across 36 dormitories, 35 guest rooms, retail outlets, a community dining hall and dedicated prayer spaces.

To address traffic and parking congestion, the project also includes a multi-level car parking facility, electric vehicle charging infrastructure and dedicated bus bays near the Yatra Parchi Counter.

Another Rs 15.25 crore has been earmarked for institutional remodelling, including modern commercial office spaces, retail kiosks and upgraded administrative facilities for the Municipal Committee, Katra.

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