The initiatives of the present Government to ensure overall development of J&K are being implemented with full dedication and honesty by the UT administration as every other day we observe some major development in this regard. It is a fact that after abrogation of articles 370 and 35A, which were earlier acting as major hurdles in the path of development in J&K as no outsider was allowed to set up a unit or industry in the erstwhile state, the gates of J&K were opened and several prominent investors were invited by administration to invest in the Union Territory thereby becoming a partner in its march towards progress and prosperity. It is only due to the untiring efforts of administration under the guidance of ruling dispensation that proposals worth several crores were received for investment in Union Territory and many of them were even approved by the Government, thereby paving way for them into Jammu and Kashmir. Further to ensure all possible support and assistance to the aspiring investors, a slew of significant decisions were taken by the Government so that they may not face any inconvenience in setting up their units. Where on one hand, dedicated industrial estates were launched, on the other hand single window clearance system was also ensured for the investors to get necessary permissions and NoCs. When these units will be set up in J&K, necessary housing facilities would also be required for the people from outside J&K. Moreover to boost real estate sector, so that more and more people purchase properties in J&K, in a significant decision the administration has now decided to remit 50 per cent stamp duty for all the first time buyers in housing sector for a period of two years. The main motive behind this decision is to motivate more and more buyers towards the real estate sector thereby giving a major boost to the economy of Jammu and Kashmir. As for registration of any sale of property, a huge amount was charged by the administration has stamp duty, as such to ease the financial burden from interested buyers besides making registration process buyer-friendly, the administration has remitted 50 per cent stamp duty. No doubt, this decision will cause some financial burden on administration but will attract a lot of interested people to buy property without any fear of huge stamp duty.