The Development Authority has taken up some Mega-Projects for development. Some projects i.e; Shopping Complex at General Bus Stand, Batamaloo, Yamberzal Complex at Lalchowk, Sangarmaal at Moulana Azad Road, Iqbal Shopping Complex at old Chari-sharief Adda have already been completed and are functional. Some Mega-Projects are under consideration to be constructed at Sheikh bagh/ Old State Motor garages/old KMDA.
SDA strives to explore a new initiative i.e; to make people realize the dream of owning a secure, compact and affordable home in Srinagar and facilitate them to relocate with fast-changing housing needs without occupying as much land resources as the traditional houses do.
SDA has already started construction of 60 residential flats under the banner of Gulposh Apartments at Bemina and all the flats stand allotted to prospective buyers on self-financing basis through draw-of-lots conducted under the auspices of the Hon’ble Minister for Urban Development & Urban Local Bodies (Chairman SDA).
Given the mounting demand for flat-type housing in Srinagar and to carry forward the pioneering concept of constructing integrated vertical housing colonies, SDA has earmarked around 91 kanals of land in the existing Mini Housing Colony, opposite Hajj House Bemina, for construction of another 532 residential flats under the banner of Shehjar Apartments.