Bemina, Srinagar, Jammu & Kashmir
Rakhi Gund Akshah is a landmark satellite township project being developed by the Srinagar Development Authority (SDA) in partnership with NBCC (India) Limited. Situated in Bemina, Srinagar, Jammu & Kashmir, this ambitious project spans approximately 406 acres and is positioned adjacent to the upcoming Medi City and High Court Complex.
The SDA signed a Memorandum of Understanding (MoU) with NBCC on August 8, 2024, for detailed planning and preparation of Detailed Project Reports (DPRs). The project is currently in its planning stage, with NBCC serving as the Project Management and Marketing Consultant. The township is designed to be a self-sustaining model, featuring residential neighbourhoods, commercial and business centres, offices, and recreational facilities. Once completed, Rakhi Gund Akshah is expected to serve as a New Town Centre for Srinagar residents and a major attraction for tourists.
With a planned completion timeline of five years in a phased manner, the project will include approximately 3,200 affordable housing units under the 'Housing for All' initiative, alongside residential plots, luxury villas, and apartment complexes. Rakhi Gund Akshah represents a transformative urban development opportunity in Jammu & Kashmir. Contact us for the latest project updates, pricing, and availability.
Joint initiative by SDA and NBCC, a public sector enterprise under MoHUA
406-acre planned development in Bemina, Srinagar
Adjacent to upcoming Medi City and High Court Complex
Includes approximately 3,200 units under 'Housing for All'
Funded through sale of land parcels and built-up areas
Residential, commercial, and recreational zones with green spaces
| Configuration | Size | Price Range | Status |
|---|---|---|---|
| Residential Plot | On Request* | On Request* | Planning Stage |
| Luxury Villa | On Request* | On Request* | Planning Stage |
| Apartment Unit | On Request* | On Request* | Planning Stage |
| Affordable Housing Unit | 45 sq m (approx.) | On Request* | Planning Stage |
Prices are indicative and subject to change. Contact us for the latest pricing and pre-launch offers.
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Full layout plan available after enquiry
Full layout plan available after enquiry
Full layout plan available after enquiry
Full layout plan available after enquiry
| Major Road Access | On Request* |
| Railway Station | On Request* |
| Airport | On Request* |
| City Centre | On Request* |
| Public Transport | On Request* |
| Commercial Hub | On Request* |
| Business District | On Request* |
| Employment Zones | On Request* |
| Schools | On Request* |
| Colleges | On Request* |
| Universities | On Request* |
| Coaching Centres | On Request* |
| Hospitals | On Request* |
| Clinics | On Request* |
| Pharmacies | On Request* |
| Diagnostic Centres | On Request* |
Rakhi Gund Akshah is a government-backed satellite township project with an estimated development cost of approximately Rs 15,000 crore. The project's strategic location adjacent to the upcoming Medi City and High Court Complex positions it as a future hub of activity in Srinagar. With approximately 3,200 affordable housing units planned under the 'Housing for All' initiative, the township addresses a critical housing shortage in the region.
Key factors supporting residential demand in Srinagar include urban expansion initiatives, improving infrastructure, and a growing need for planned housing. The SDA estimates a current housing shortage of 18,750 units, expected to escalate as the city prepares to accommodate an additional population of 1.1 million over the next 20 years. Early investors may benefit from introductory pricing and long-term appreciation as the township develops.
Srinagar Development Authority (SDA) is the nodal agency responsible for planned development in Srinagar. The SDA has undertaken the Rakhi Gund Akshah Satellite Township project to address the growing housing needs of the city and promote organized urban expansion. The project is being developed under the supervision of SDA with NBCC (India) Limited as the Project Management and Marketing Consultant.
NBCC (India) Limited, a public sector enterprise under the Ministry of Housing and Urban Affairs (MoHUA), Government of India, is responsible for detailed planning and providing DPRs for the project. NBCC will assist SDA in fund generation through the sale of land parcels and built-up areas. The project aims to achieve GRIHA or IGBC certification, ensuring high standards of sustainability and environmental performance. SDA Srinagar Projects are backed by this experienced management team.
Planning StageBemina, Srinagar
UpcomingSrinagar, J&K
UpcomingSrinagar, J&K
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