A housing development consists of a group of apartments or homes that are typically identical in design, configuration, and sometimes even size. Real estate builders develop these projects on a single piece of land. In most housing developments, the families enjoy shared amenities and features, such as a swimming pool, play zones, jogging tracks, clubhouses, gymnasiums, etc.
Instead of owning their own homes, most families now prefer to invest in housing cooperatives. The concept of residing in a housing society appeals to people who even have separate residences. These days, almost all housing projects being built are gated communities of attractive apartments with common amenities.
Over the last decade, most of the families in Nepal prefer to invest in housing colonies for their future homes. Moreover, many of them are showing their highest gratitude towards living in a housing society in comparison to independent homes. People opting for an independent house are also attracted to go for gated housing colonies developed by some renowned real estate and housing developers. Over last 10 years in Nepal, private housing developers have stepped into this market and are providing consumers with a variety of housing types and locations.
The prices of housing colonies vary depending on the location, the facilities and developer brand. Valuation of property is clearly based on the availability of necessities and facilities connected with comfortable housing. The quality and cost of materials during construction, size, current rates of labor, frontage and other physical attributes such as roof covering, height of the building, type of foundation, waterproofing and plinth level, also affect the price of a particular property.
Benefits of Residing in Housing Colony:
1.
Secured Living
2. Range Of Amenities
3.
Maintenance Benefits
4. Financial Benefits
6. Connecting With People
and Being a Part of a Community
7. Higher Value of Property and Secure
Investment Option
8. Serene Ambience and Green Living
9. Gateway to a
contemporary lifestyle
10. Economical Purchasing
Kathmandu the
capital of Nepal is the most populous city with the current metro area
population of 1,521,000. The city is one of the oldest continuously inhabited
places in the world, founded in 2nd century CE. The housing marketing in
Kathmandu, being the capital city of the country, has flourished, particularly
due to development activities, facilities and a better standard of living. Along
with that, fast urbanization and migration of people to cities have contributed
to the organic growth of the housing and construction sector in Kathmandu.
According to Nepal Land and Housing Developers’ Association (NLHDA), the annual
demand for housing is increasing and the number of homeowners continues to grow
each year.
There are many housing colony projects by some reputed
housing developers in Kathmandu. Various projects are already completed and
various projects are in planning and completion phase. CE Constructions, Padma
Colony, Road Show Real Estate and CG Developers are the front-runner in the
development of housing projects in Kathmandu area. Most of the projects are
concentrated in Budhanilkantha, Sitapaila, Lazimpat and Dhapasi areas.
