What does the Rs 71 crore lapse mean for downtown projects?

It means funds set aside for Downtown Srinagar development were not used within the allowed period and now need Finance Department revalidation. Until revalidated and released, new tenders or site work in affected pockets may slow. This can delay upgrades and prolong Srinagar traffic congestion in dense core areas.

How soon can work restart after revalidation is approved?

Once the fund revalidation request is cleared, departments can issue release orders, update sanctions, and resume tendering. Timelines depend on document flow and contractor readiness. If designs and permits are in place, mobilization can begin faster. Investors should watch for letters of acceptance and site start notices.

What is the near-term impact on EPC contractors in Srinagar?

Order conversion may slip, equipment can sit idle, and receivable cycles may stretch until funds are revalidated and released. Firms with stronger balance sheets can bridge the gap. Smaller contractors face higher financing costs. Sequencing may prioritize corridors where payments, permissions, and access are most certain.

How could easing Srinagar traffic congestion affect retail and property?

Better junctions and wider corridors can lift access, reduce travel fatigue, and raise dwell time, helping sales on major streets. During construction, footfall can dip near work zones. Landlords and tenants can plan phased fit-outs and rent support to manage disruption, then capture gains when routes stabilize.

Law and Government

Srinagar Traffic Fix: Rs 71 Cr Lapse, Govt Seeks Revalidation — February 19

ByHuzaifa Zahoor February 19, 2026

Srinagar traffic congestion took center stage on February 19 as J&K’s Deputy CM outlined corridor upgrades and junction redesigns while confirming a Rs 71 crore lapse tied to downtown works. The government will now seek Finance Department revalidation. For investors, this flags near-term execution risk, slower tendering, and cash flow delays. We also see implications for Downtown Srinagar development, Srinagar road widening timelines, and a possible spillover to urban retail and property performance in core markets.