Housing Colony in Kathmandu, Nepal; Price of Housing Colonies in Kathmandu area

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.

List of Some of the Popular Housing Colonies Homes in Kathmandu are as follows:

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