The meeting was attended among others by Defence Minister Manohar Parikar, state Governor N N Vohra and National Security Advisor Ajit K Doval.
According to official sources, the issue of surrender of civilian land being used by the army was discussed at the meeting and it was decided that state's Chief Secretary will hold a meeting with Defence Ministry officials to identify those and work out a proposal.
Now, according to the sources, the army has been pressing for regularisation of a land in picturesque Gulmarg in return for the 'Tattoo ground'.
The rehabilitation of Kashmiri Pandits in the Valley and identifying land for their resettlement also came up for discussion.
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There are about 62,000 registered Kashmiri migrant families in the country who left the state after the onset of militancy in the 1990s. About 40,000 registered families stay in Jammu, while another 20,000 in the national capital. The remaining 2,000 families are settled in other parts of the country.
The meeting also reviewed the action taken to maintain security in the Valley in the wake of recent unrest following the killing of four persons in action by security forces against violent protesters enraged over alleged molestation of a girl.
In a statement, the Home Ministry said the meeting was called to review the developmental projects and other related issues regarding the state.
It was decided that the matter relating to surrender of civilian land not required for operational purposes by the army would be expedited.