The Kashmir Property Gamble

The best investors in the valley walk their land, check their papers and wait for the right moment.

- Irshad Mushtaq

Warren Buffett never bought land in Kashmir. But many smart investors here unknowingly follow his approach.

They study plots for years. They ignore brokers who push pressing deals. They stay calm through political tension and changing tourist seasons. They focus on what a property can earn and treat land like a business.

This slow and steady mindset has silently built wealth in one of India's most uncertain real estate markets.

But not everyone listens to patience.

In 2018, Nazir Dar borrowed against his father's orchard to buy three new flats near the airport. Brokers promised the highway expansion would double their prices within months. Nazir hoped to sell quickly, clear the loan, and keep the profit.

Then everything got delayed. Worried about his growing interest payments, he sold two flats at a loss. The third is still unsold, worth less than what he paid.

Something similar happened in Anantnag.