Srinagar, Sep 5, Sept. 6 -- A major land transaction in Srinagar has generated Rs.421.75 crore for the Jammu and Kashmir Government, paving the way for a proposed Rs.600-crore commercial and leisure development at Sangarmal City Centre. The 45-kanal land parcel was auctioned through a competitive bidding process that reportedly attracted substantial investor interest, reflecting growing confidence in Srinagar's commercial potential.The proposed project is a joint venture involving Parmesh Construction Company Ltd, Pahalgam Green Hotels and Bhutani Infra Ltd. The development is expected to transform the existing Sangarmal City Centre into a modern commercial and leisure destination in the heart of Srinagar.Mumtaz Group of Hotels Chairman a...