Srinagar, Jul 10: In a bid to advance Rs 15,000 crore Satellite Township at Rakh-i-Gund Aksha, Bemina, the Jammu and Kashmir Government has inducted two senior engineers in the Empowered Committee overseeing the implementation of the ambitious urban development project by inducting two senior engineers as co-opted members.
The development comes nearly two years after NBCC (India) Ltd. signed a Memorandum of Understanding (MoU) with the Srinagar Development Authority (SDA) on August 8, 2024, for the development of the 406-acre Satellite Township at Rakh-i-Gund Aksha, Bemina, Srinagar. The project, estimated to cost Rs 15,000 crore, is envisaged as one of the largest urban development initiatives in Jammu and Kashmir.
According to an order issued by the Housing and Urban Development Department (H&UDD), Er Tariq Ahmad Wani, Superintending Engineer, SMRDA, holding additional charge of SDA and Er Hamid Iqbal, Superintending Engineer, SMC, have been nominated as Co-opted Members of the Empowered Committee constituted to oversee the implementation of the project.
The order has been issued in supersession of Government Order No. 123-JK(HUD) of 2026, dated 17.06.2026, and in partial modification of Government Order No. 86-JK(HUD) of 2026, dated 28.04.2026.
As per the order, the two officers will figure at Serial Nos. 10 and 11, respectively, in the composition of the Empowered Committee.
The Satellite Township is being developed on a self-sustainable model, with NBCC (India) Ltd. serving as the Project Executing Agency.
The government has clarified that all other terms and conditions contained in Government Order No. 86-JK(HUD) of 2026, dated 28.04.2026, shall remain unchanged.
Pertinently, the Township shall have serviced plots, multi-storeyed apartments, town homes, commercial areas, hotels, a golf course, green spaces and natural ponds.
According to the reports, the Township is coming up on a land parcel measuring 147 hectares and would become a major attraction with regard to planned architectural development in Srinagar City.
