No person from outside J&K has purchased land in the UT so far according to the the Ministry of Home Affairs.
According to The Hindu, a parliamentary panel was informed that agricultural land was being protected in J&K on similar lines as that of Uttarakhand and Himachal Pradesh. “However, the land has been opened up for industries [in the latter States].”
“This has been one of the reasons why J&K, unlike Himachal and Uttarakhand, has not benefited from any industrial package in the past because till one has title to a land, industry cannot be set up,” the report said.
It said that a land bank of 6,000 acres is “contemplated to be developed” for industries, of which “3,000 acres of land have already been identified.”
“456 MoUs have been signed amounting to ₹23,152.17 crore”. “Further, no person from outside has purchased land in J&K, since the industrial land allotment policy is in formulation and land allotment has not commenced,” the report said.