Srinagar, June 24 -- Post Pahalgam attack, Kashmir's real estate sector has taken a massive hit with investments dropping by 50-60%.

Realtors said investor panic could prolong the slump. The Valley had been witnessing a steady revival in real estate activity over the last two years, primarily driven by commercial investments from those in the tourism sector. Plots and buildings were being acquired and converted into hotels, guest houses, and restaurants across prime tourist locations, particularly in the summer capital Srinagar. But all that progress has come to an abrupt halt.

"Real estate investment in Kashmir has largely been commercial. Most of our buyers were tourism stakeholders turning properties into hospitality ventures," said ...