NBCC to develop a township in Srinagar for Rs 15,000 crore

Srinagar Development Authority and NBCC (India) Ltd. have signed an MoU for a satellite township in Rakh Gund Aksha, Bemina, Srinagar. The project, estimated to cost Rs 15000 crore, will include residential plots, luxury villas, apartment complexes, commercial office spaces, an indoor sports centre, and a 200-key five-star resort.