REAL ESTATE IN REGARD TO THE JAMMU AND KASHMIR REORGANIZATION ACT, 2019

Abstract

The repeal of Articles 370 and 35(A) has led some to assume that progress and economic nirvana are not far off in the future for the region that Jahangir properly dubbed "Heaven on Earth." The opening up of non-agricultural land for acquisition by non-residents of the state is one of the key reasons for this belief. The truth, however, is rather different. Is the Jammu and Kashmir Reorganisation Act, 2019 the key to unlocking Pandora's box? Who you ask is the determining factor. This article addresses the following question: What are the concerns and problems confronting Jammu and Kashmir, as well as the most efficient use of its land? The research examines different topics via a legal lens, projecting their future ramifications, as well as the events that led to the passage of the Jammu and Kashmir Reorganisation Act and the sale of land to outsiders. Due to topographical and socio-political issues, real estate in Jammu and Kashmir has had slow growth. It is impossible to predict if the legislation will result in a change in this industry. It is preferable to wait until the haze surrounding the new law dissipates before accepting the offer to purchase land. Various aspects of the decision are explored, including the legal and historical context, the function of RERA, blowback from people of the surrounding region, the politics involved, and the way the Act was enforced by a Presidential decree, creating ethical and legal questions.