9th Nepal Land & Housing and Construction EXPO 2026

 

Nepal Land & Housing and Construction Expo 2026 will be held at Bhrikutimandap in Kathmandu from September 17 to 20, with a focus on sustainable urbanisation and developments in the housing and construction industries. The grand event is jointly organized by Nepal Land & Housing Developers Association (NLHDA), Nepal Land and Housing Developers’ Federation (NLHDF) and Nepal Chamber of Commerce (NCC).

The four-day expo will be jointly organised by the Nepal Land and Housing Developers’ Association (NLHDA) and the Nepal Land and Housing Developers’ Federation (NLHDF) under the theme, ‘Safe housing, the right of every citizen’.

According to the organisers, all of the expo’s more than 100 stalls have been booked by exhibitors from Nepal and neighbouring India. The ninth edition of the expo will feature apartments, land development projects and products including cement, steel, timber, glass, paints, sanitary ware, electrical appliances, solar energy systems and waste-management solutions. Kunwar said housing options priced at around Rs 14 million would also be presented to consumers.

Experts will offer free consultations on earthquake-resistant building construction and Vastu Shastra during the exhibition. Seminars involving policymakers, government officials, engineers and architects will cover climate change, disaster-resilient infrastructure, safe settlement revitalisation and public-private partnerships.

Location: Bhrikutimandap, Kathmandu
Date: September 17–20

EVENT PARTNERS
- Title Sponsor: CG Properties
- Powered By: Asian Paints
- Supported By: Smart Paani | Karving Bira | UHS Holdings

Organized By:
Nepal Land & Housing Developers Association (NLHDA)
Nepal Land and Housing Developers’ Federation (NLHDF)
Nepal Chamber of Commerce (NCC)

Managed By: Siya Events

National ID Card mandatory for real estate transactions from 2025

 June 28: Starting January 14, 2025, the government has mandated the use of national identity cards for all real estate transactions, replacing the previous requirement of a citizenship certificate.

The Ministry of Home Affairs issued a notice in the gazette, announcing that national identity cards will now be necessary for buying and selling land or houses.

According to Narayan Prasad Bhattarai, joint secretary and spokesperson of the Ministry of Home Affairs, this new provision aims to standardize the use of national identity cards across various sectors. The mandate extends to other services such as banking, financial transactions, social security, health insurance, pensions, personal income tax registration, driver’s licenses, and company registration and renewal, to be implemented nationwide.

Starting January 14, 2025, people will also need a national identity card to obtain a mobile telephone SIM card. The notice emphasizes that national identity cards or their numbers will replace citizenship certificates for accessing public services provided by government agencies, organizations, and the private sector.

source: republica, 28 June 2024

How to Check SEE Result 2081 2080 with Marksheet Via Website, SMS, IVR: NEPAL TELECOM :: www.see.ntc.net.np www.neb.gov.np www.see.gov.np

The National Examination Board (NEB) of Nepal has published the results of Secondary Education Examination (SEE).

READ ALSO:
House for Sale in Kalanki, Kathmandu

Of 464,785 students who took the 10th-grade final examination, 47.86 percent secured different grades and qualified for further studies. The remaining 242,092 students (52.14 percent) failed to secure any grades, being categorised as non-graded. A total of 186 students received a GPA 4. The examinations of 221 students have been cancelled.
This post contains a detailed guide on how to check your SEE results using these techniques. Students can check their SEE Examination Results through a variety of websites and SMS shortcodes.

A. Check SEE ( Class 10) Results 2080-2081 via Websites
You can also check your SEE results online by visiting the following authorized websites:
Students and guardians can check the see result 2080 online using the websites listed below.
1. NEB, Examination Control Office Class 10, Sanothimi; Website: www.see.gov.np
2. National Examination Board (NEB), Sanothimi; Website: www.neb.gov.np
3. Nepal Telecom; Website: www.see.ntc.net.np
4. Swift Technologies Pvt Ltd; Website: https://blog.imepay.com.np/see-result
5. Kantipur Publications Ltd.; Website: www.ekantipur.com
6. Khalti Pvt Ltd; Website: https://khalti.com/app
7. Esewa Limited; Website: see.esewa.com.np
8. Phonics Education Foundation; Website: www.ayoresult.com
9. Ncell Asiata Limited; Website: https://bit.ly/GetNcellApp
10. Edusanjal, Website: www.edusanjal.com

B. Check SEE Result 2080-2081 Via SMS and IVR
You can also check SEE Result 2080 using SMS/IVR. To do this, send an SMS from your mobile phone to one of the following numbers, typing SEE (Space) Symbol Number.

1 Nepal Telecom
SMS: Send your symbol number to 1600
IVR: Dial 1600 and follow the instructions

2. Swift Technology Pvt. Ltd.
SMS: Send your symbol number to 34455

3. Janaki Technologies Pvt. Ltd.
SMS: Send your symbol number to 35001

4. Easy Service Pvt. Ltd.
SMS: Send your symbol number to 34949

5. Akash Tech Pvt. Ltd.
SMS: Send your symbol number to 31003

Real Estate Expo 2023 Nepal

Real Estate Expo 2023 is B2C and B2B event which has introduced itself as a legitimate outlet for the entire real estate sector. It has proved itself as a much anticipated yearly event since 2009, where both core and ancillaries business areas found a mutually beneficial amalgamation and interaction of business network. Likewise Real Estate Expo offers the ideal platform for the same, by providing opportunity to showcase and to meet decisive players of the market under one roof.

Real Estate Expo 2023 (2080)  is going to be held from 12 Poush 2080 ( 28 December 2023) to 15 Poush 2080 ( 31 December 2023)  at Bhrikuti Mandap, Kathmandu. The grand expo is organized by Nepal Land & Housing Developers' Association (NLHDA).

The four-day event will feature 60 stalls representing earthquake-resistant houses and apartments, land planning and development, construction material manufacturers and sellers, engineering and architecture consultants, as well as banking and insurance companies, with a target turnover of 2.5 arba rupees.

The 'Real Estate Expo' is set to be a significant event for industry stakeholders, serving as a platform for collaboration, knowledge-sharing, and showcasing the most recent advancements in the real estate sector.

Highlights
- General sales and booking activities
- Property tour
- Lucky draw

Organizer : Nepal Land & Housing Developers' Association (NLHDA)

Exhibitors:
- Housing companies
- Land developers
- Real estate dealers
- Construction equipment/material
- Architecture and engineering consultants
- Bank and insurance companies
- Furniture and furnishing material traders
- Interior designers
- Other real estate businesses

Event Details:
Real Estate Expo 2023
Date: 12-15 Poush 2080 ( 28-31 December 2023 )
Venue: Bhrikutimandap Exhibition Hall, Kathmandu, Nepal

Kathmandu Metropolitan City announces property, house rent, and business tax reductions.

The Municipal Executive Office of Kathmandu Metropolitan City (KMC) has issued a public notice outlining various tax breaks for property, house rent, and business. The concessions are part of the KMC's Economic Act and are intended to encourage taxpayers to take advantage of these exemptions by filing their taxes on time.

View official notice below for more details:

Monetary Policy 2080-2081 (2023/ 2024) of Nepal ; Full Details and Highlights :Nepal Rastra Bank (NRB)

 The monetary policy for the current fiscal year 2080-81 (2023-2024) has been published by the Nepal Rastra Bank (NRB).

The central bank through the policy has dropped the policy rate, and kept intact the mandatory cash ratio and the statutory liquidity ratio of banks and financial institutions.Similarly, the bank rate has remained unchanged, and the bidding rate in deposit collection has been decreased.

READ ALSO:
Real Estate and Housing: Highlights of Monetary Policy 2080-81

In view of the internal and external economic scenario, the policy rate has reduced 50 base points to 6.5 percent. The bank rate has been kept intact at 7.5 percent while the bidding rate in deposit collection has dropped to 4.5 percent from 5.5 percent.

The secondary market transaction and the bidding in the deposit collection will remain open if the weighted interbank interest rate considered the operation target by the Rastra Bank is higher than the bank rate and lower than the deposit collection rate.Similarly, the provision of the permanent liquidity facility in the bank rate and the overnight liquidity facility in the policy rate has been kept unchanged. There will be a provision of providing the permanent deposit collection at the lower limit of the interest rate corridor for making the interest rate corridor effective, according to the central bank.

View complete Monetary Policy 2080-2081 (2023/ 2024) :

Few Units Left at Brihat Cluster Balkhu Housing, Kathmandu

 

 

Looking for Property Inside Ringroad  !
Only Few Units Left at Brihat Cluster Balkhu Housing, Kathmandu

Conveniently located in the heart of the city, Balkhu, Brihat Cluster is just 1.3 Km from Tribhuwan University, 600m from Vayodha Hospital, 2.2Km from Kalanki Chowk and 4.5Km from New Road

HOT DEAL: DISCOUNT Worth: Rs.11,11,111/-

Product Ranges from
- 3bhk to 4Bhk
- 0-2-3-1 to 0-4-0-2
 Area: 1400sqft to 1800 sq. ft.

BOOK NOW :
CLICK [ HERE ] to view more details on Project and Registration

READ ALSO:
Search Housing and Apartment Projects in Nepal

Uptick in realty sector, but still in turmoil

 
Despite an uptick in the real estate sector last month, the recently introduced Land Use Regulation 2022, along with liquidity crunch continues to pose challenges for the realty market, with the number of transactions slumping by nearly 60 per cent.

According to the records of the Department of Land Management and Archive (DoLMA), altogether 29,184 houses and plots of land were bought and sold across the country in a one-month period between mid-November and mid-December this year.

As per the department, the total number of properties sold stood at 69,412 in the same period of previous fiscal 2021-22, which clearly paints a gloomy picture of the property business of the country.

According to Bidhur Dhamala, acting president of the Nepal Land and Housing Developers Association (NLHDA), the government's new rules regarding land utilisation has exacerbated the challenges facing the realty sector, which had been struggling due to Nepal Rastra Bank (NRB)'s strict policy.

"Even as the commercial banks have tightened loan disbursement to the realty sector due to liquidity crunch, the realty business had started witnessing a gradual uptick.

But introduction of the government's new policy has resulted in the business coming to an almost standstill," Dhamala told The Himalayan Times.

According to him, despite the good intentions behind introducing the regulation for systematic urbanisation, it is irrelevant for a developing country like Nepal.

"With the inadequate budget and manpower, it is a daunting task for the local government to classify the land as agricultural or non-agricultural," he added.

As per the new regulations, land has to be categorised as agricultural, residential, commercial, industrial, area of mines and minerals, forest, public use, area of cultural and archaeological importance, and others based on topographicalfeatures, efficiency and utility of land, its existing use and necessity.

The regulations prohibit the commercial land plotting and its sale in areas except in classified areas for residential purposes.

Dhamala further stated that the banks' high interest rates have also discouraged the people from investing in real estate.

"People that are planning to buy properties have put their decision on hold and have deposited their money in the banks because it is a safer investment and the returns are also good at present," he added.

Although the number of properties traded decreased in the review period compared to the corresponding period of last year, it went up by 1,245 compared to the earlier month (mid-October to mid-November), when 27, 939 properties (houses and land) were sold across the country.

However, the revenue generated from real estate business decelerated in the review period.

According to the department, the government collected revenue worth Rs 2.64 billion from real estate transactions in the review month, a fall of Rs 358 million compared to the previous month, when revenue worth Rs 3.01 billion had been generated from real estate business.

Meanwhile, the property sales in the Kathmandu valley also slightly improved in the review month.

According to the data of the Land Revenue Department, nine Land Revenue Offices in the three districts of the valley reported sales of 3,195 properties compared to 2,779 properties in between mid-October and mid-November.

As per the department, the highest number of property sales was from the Land Revenue Office (LRO) Lagankhel, with 715 land and houses bought and sold.

Likewise, 565 land and houses were sold and bought from LRO Bhaktapur, 553 from LRO Kalanaki, 424 from LRO Sankhu, 349 from LRO Chabahil, 281 from LRO Manamaiju, 146 from LRO Dilli Bazaar, 155 from LRO Tokha and 7 from LRO Gotikhel, respectively.

source: the himalayant times, 17 December 2022

Booking open for Eastern City Apartments

 

Eastern City Developers announces booking for its apartment project, Eastern City Apartments located at Shahid Marga, Tinpani Chowk, Biratnagar. Bookings are open for Fully-Furnished and Semi-Furnished apartments.

Other associated projects of Eastern City Developers Pvt. Ltd. are Merocity, located at Hattiban, Lalitpur and Soaltee City, located at prime location Ravibhawan, Kathmandu.

Located at the heart of the city, yet far away from the hustles and bustles of the city, Eastern City is perfectly designed keeping the natural properties intact and tantalizing. Beautifully blended with the nature, the luxuriant Eastern City offers you serene ambience and an easy access to modern amenities.

Project Highlights
> Premium location with widest road accessibility
> Earthquake Resistance RCC Frames structure
> Branded Sanitary ware and fittings
> Grand Entrance
> Automatic elevators in each tower
> Adequate water supply
> Ample car/motorbike parking space
> Emergency power back-up for all common area
> Amphitheater with sitting area
> Hydrant fire fighting system
> Community hall
> Sewage treatment plant
> Swimming pool & children play area
> 24 hours security and cctv surveillance

Contact Details:
Address: Shahid Marga, Tinpani Chowk, Biratnagar
contact us: 9801120002

Nepal Housing and Investment Expo 2023

 
Nepal Housing and Investment Expo is going to be held from February 23 to 26, 2023 at Bhrikuti Mandap, Kathmandu.

Event Details:
Nepal Housing and Investment Expo
Date: February 23 to 26 2023
Venue: Bhrikuti Mandap, Kathmandu.
Concurrent Event: Nepal Buildcon International Expo

Book Now:
+977-9801171141

Furniture and Furnishing Expo 2022: Nepal's largest international expo on Furniture and Furnishing products

 
The eighth edition of the Furniture and Furnishing Expo has been slated to be held on second week of September i.e. 8th to the 12th of September (Bhadra 23 - 27) at Bhrikutimandap

The expo will be organized by the Nepal Furniture and Furnishing Association under the management of Event Solutions Pvt. Ltd. The organizers believe that the expo will help to revitalize the economy suffering from the impacts of the pandemic.

The organizer said there will be more than 120 stalls at the expo which will last for five days. According to the organizer, the main attraction of the expo will be materials such as kitchen, bedroom, bathroom, outdoor furniture, interior designer, carpet and marble among others. Prestige Carpet will be the main sponsor of the eighth edition of the expo which will be attended by exhibitors from India, Bangladesh, Pakistan and other countries.

It is expected that the expo will help to make the country self-reliant in furniture production by introducing modern technology in the furnishing business. It is said that the expo will play an important role in expanding the market of furniture products when the trend of modern lifestyle is increasing.

Looking for Property Inside Ringroad : Brihat Cluster Balkhu

 

Looking for Property Inside Ringroad  !
Only Few Units Left at Brihat Cluster Balkhu Housing, Kathmandu

Conveniently located in the heart of the city, Balkhu, Brihat Cluster is just 1.3 Km from Tribhuwan University, 600m from Vayodha Hospital, 2.2Km from Kalanki Chowk and 4.5Km from New Road

Product Ranges from
- 3bhk to 4Bhk
- 0-2-3-1 to 0-4-0-2
 Area: 1400sqft to 1800 sq. ft.

BOOK NOW :
CLICK [ HERE ] to view more details on Project and Registration

READ ALSO:
Search Housing and Apartment Projects in Nepal

Nepal self-reliant in grill and steel business

BHAKTAPUR, July 31: While Nepal is increasingly becoming dependent on other countries for a majority of commodities, it remains self-reliant in the grill and steel business. Businessmen have said that if it is given more emphasis, export to foreign countries could also be probable soon.

Mohan Katuwal, president of the Federation of Grill & Steel Fabricators Nepal, said that Nepal is almost self-sufficient in the grill and steel sector. He said that there would be no problem in exporting the products if the government helps. “Until a few years ago, Nepal was dependent on grills and steel. There was a situation where we had to import them from India and China,” he said. “But now, we are almost self-sufficient and with some effort, we can also export them to various countries,” he added.

According to the statistics, there are more than 11,000 industrial units in the grill and steel sector across the country. Those industrial units have been providing direct employment to 160,000 people by teaching skills to 3,000 youths annually. Works related to metal fabrication worth Rs 65 billion are being done each year.

“There is still a shortage of skilled manpower in this industry,” President Katuwal adds. “Additionally, we have helped prevent many young people from going abroad by giving them jobs in this sector.” He also stated that due to the lack of skilled manpower, the federation has also been involved in providing various training. It accuses the government of not paying attention to the problems in the sector even though there is potential for good business. Since there is a mountain of problems in the grill and steel business, the businessmen have demanded that the government address those problems.

Niranjan Kumar Shrestha, senior vice president of the federation, said that the businessmen are disappointed because the government has not given much consideration to the protection of the sector. They said that they are also doing social work such as making temporary iron houses for the people who have been reduced to living under the open sky after the devastating earthquake of 2015 and providing relief materials to the flood victims.

In recent times, the use of iron has increased among consumers as an alternative to wood. According to the stakeholders, this has stopped the destruction of forests, helped to maintain environmental balance by aiding in the growth of the forest cover, and also helped to reduce floods and landslides caused by soil erosion.

source: republica, 31 July 2022

How to Check SEE Result with Marksheet ?

27 July 2022 : SEE results 2078 2079
The National Examinations Board (NEB) has made public the result of the Secondary Education Examinations (SEE) of this year. Of 495,751 students who took the 10th grade final examination, 9,633 graduated with Grade Point Average (GPA) 3.60 and above. Similarly, 41,627 students secured 3.20 to 3.60 GPA while 69,900 students managed to secure GPA between 2.80 to 3.20. The number of students graduating with 2.40 to 2.80 GPA stood at 90,758. As many as 112,733 students qualified for grade 11 with 2.0 to 2.40 GPA. The maximum GPA a student can score is 4.


The SEE examination concluded on Baisakh 20, 2079. A total of 5,14,977 students appeared in the SEE this year conducted in 2,007 centers across the country. Of the total, 2, 57,924 were boy students and 2,57,053 girl students.

Students that appeared in SEE were from 11,615 schools.Unlike in the past two consecutive years,  this year, the students appeared physically in examinations.

HOW TO CHECK SEE RESULTS?

Students can check results via various official websites, SMS and IVR.

click [ HERE ] to view ways to check SEE Results 2079

Nepal Buildcon International Expo : Nepal’s Largest Expo on Architecture, Buildings, Construction, Design and Engineering

Nepal’s largest Expo on Architecture, Buildings, Construction, Design and Engineering
The 8th edition of Nepal Buildcon International Expo (NBIE), the Architecture Expo will take place from 23rd - 26th February, 2023 at Bhrikuti Mandap, Kathmandu, Nepal .Nepal Buildcon International Expo is the benchmark event in Nepal for Architecture, Building, Construction, Design and Engineering.

The largest exhibition on building, architecture, design, construction, and engineering is much-awaited by all. It anticipates participation from the global building industry. It offers a unique chance to professionals to showcase their latest and most incredible products, solutions, and services.

The Theme of the expo is to promote shared responsibilities, reiterates industry role and responsibility in National Development. As per the organizers, the focus is on five key enablers: Facilitating Growth, Competitiveness, Promoting Infrastructure Investments, Developing Human Capital and Encouraging Social Development.

The highlight of the exhibition are Construction materials, Construction Machinery, Construction Heavy Equipment, Pre fab structures, UPVC Windows Machinery, UPVC Profile, Doors and Windows, Architectural Hardware, Bathroom Fittings, Pipes, Tiles and Sanitary ware, Roofing, Pre Engineering Building, Power Tools, Windows, Concrete Block Machinery Manufacturers, Earth Moving Equipment’s, Material Handling Equipment’s, Aluminium Composite Panels amongst others. (ANI)

Details:
Nepal Buildcon International Expo
Date - 23rd - 26th February, 2023
Venue - Bhrikutimandap, Kathmandu, Nepal

Exhibitor Profile
> Adhesive & Sealants
> Aluminum Extrusions
> Building automation
> Heavy Machineries and Equipment
> Cements and Steel
> Construction Chemicals & Waterproofing
> Construction Tools and Machinery
> Construction Tools and Tapes
> Flooring and Wall Coverings
> Battery & Generators
> Glass and hardware
> Infrastructure Software
> Interior Decorating Products
> Landscaping Solution
> Lifts & Elevators
> Lighting/LED
> Marble & Stones
> Tiles & Sanitary Ware
> Paints & Coatings
> Plumbing fittings and accessories
> Pre-fabricated Structures
> PVC/UPVC Machinery and Profiles
> Roofing & Façade
> Safety & Security Solar, Wind & Other Green Energy
> Products
> Wires & Cables
> Switchers & Switch Gear
> Surface Products and materials

Visitor Profile
> Architect and Planners
> Builders and Developers
> Building Contractors
> Construction Industry Professionals
> Consulting Engineers, Universities, Technical & Research Institutes
> Government Agencies/ Building Authorities
> Hospitality Industry Professionals
> Interior Design Professionals
> Dealers and Distributors
> Manufacturers of Building Equipment
> Distributors of Building Equipment
> Mechanical and Electrical Engineers
> Project Managers and Consultants
> Sourcing Professionals from Hospitality and Health Facilities
> Structural & Civil Engineers
> General Visitors

Shivam Cement becomes the best selling cement in Nepal

Shivam Cements Limited has been successful in becoming leading OPC cement manufacturer in the nation by selling 11 crore sacks.

The company said that it has managed to become the largest OPC cement selling industry in Nepal in a short span of time from its inception till the end of June 2019.

Established in 2003, Shivam Cement is one of the Largest manufacturing Green Field Project in Nepal currently Producing 2300 Ton Per Day cement from the company's self owned Limestone Mine.

Booking Open at Naya Baneshwor Center

Naya Baneshwor Center is an up-and-coming commercial hub which is located in the main Naya Baneshwor junction (Kathmandu) which resides branded retail shops, cooperate offices, electronics hub, food court, and two theater cinema halls to top it all off.

BOOK YOUR SHOP TODAY!!

Space available for:
> Branded Shops
> Education Consultancies
> Mobile Hub
> Office and Corporate Office

Amenities:
> Double Basement Parking
> Power Backup
> Round The Clock Security
> Wheel Chair Access

Contact Details:
9801362311, 9801362312 and 9801362316.
info@aspireventures.com.np

Property right sought for Nepali diaspora

 
Newly-elected President of Association of Nepali Teraian in America Mridula Gupta said the Nepali diaspora should be given rights to acquire and dispose property in Nepal on par with Nepali citizens.

Talking to THT, Gupta said there should be no hurdle for Nepali diaspora to transfer their property and benefits earned through investments in Nepal to their countries of residence. "At present, a lot of Nepalis who want to invest in Nepal are not doing that because non-resident Nepalis faced hurdles in transferring their profits back to their countries of residence," she said.

There are only a few countries where Nepal can send migrant workers for foreign employment. This means the chances of getting remittances are limited.

Liberalising rules for non-resident Nepalis' investment in Nepal would help Nepal create more jobs and opportunities in Nepal.

Gupta said that her organisation wanted to link the Nepali diaspora to their cultural roots in Nepal by exposing the children of Nepali diaspora abroad so that they could be exposed to their native culture. In order to inculcate Nepali cultural values in the new generations of Nepali diaspora in foreign countries, ANTA is trying to expose the new generation to Nepali culture, language and festivals.

Her organisation is trying to start online classes of languages spoken in Nepal such as Maithili, Bhojpuri, Awadhi and Nepali for children of Nepali diaspora in America and other foreign countries. "Knowledge of language is important to inculcate native culture in children," she said.

She said Teraians have good presence in America and elsewhere and there was the need for linking them with Nepal. She said ANTA was also mulling support for 10 Nepali students, preferably girl children, to attain 10+2 education annually.

ANTA will select 10 students on the basis of merit, keeping in mind their financial situation. ANTA, being a diaspora organisation, is always ready to help Nepal in times of natural disasters as it did during the 2015 Gorkha earthquakes, Gupta said.

She also said during her two-year tenure, she would try to unify the fragmented groups of Madhesi diaspora.

"We are a non-profit organisation, there is no need for Teraian communities abroad to remain fragmented," she argued.

source: the himalayan times, 21 June 2022

Real Estate Transactions in Nepal : Realty sector recovery stalls

The recovery seen in the realty sector earlier this year seems to be slowing down, with the number of transactions and revenue taking a hit in the recent months.

According to the latest records of the Department of Land Management and Archive, altogether 54,514 houses and plots of land were bought and sold across the country in the one-month period between mid-May and mid-June.

Likewise, a total of 123,652 real estate transactions took place in the review month, an improvement from 98,974 transactions carried out between mid-April and mid-May.

The number of properties traded rose by 13,711 in the review period compared to the previous month (mid-April to mid-May), when 40,803 properties (houses and land) were sold across the country. The local level elections had affected the real estate business that month.

The revenue generated from real estate business also decelerated in the review period. According to the department, the government collected revenue worth Rs 4.24 billion from real estate transactions in the review month, a fall of around Rs 500 million compared to the previous month. Even though the transactions had dropped in between mid-April and mid-May, the government had collected revenue worth Rs 4.78 billion from real estate transactions that month.

The property sales in the Kathmandu valley were also affected in the 11th month of the current fiscal year.

According to the data provided by the Land Revenue Department, nine Land Revenue Offices in the three districts of the valley reported sales of 5,763 properties in the review month against 6,109 properties between mid-May and mid-June As per the department, the highest number of property sales was from the Land Revenue Office (LRO) Lagankhel, with 1,445 land and houses.

Likewise, 1,315 properties were sold and bought from LRO Bhaktapur, 1,024 from LRO Kalanki, 829 from LRO Sankhu, 613 from LRO Chabahil, 273 from LRO Dilli Bazaar, 239 from LRO Tokha and 25 from LRO Gotikhel, respectively.

The business activities in the realty sector had stagnated after the Nepal Rastra Bank (NRB) tightened the provisions for loans to real estate industry citing liquidity crunch in the banking and finance sector. The real estate loans for land acquisition and development attract risk weight of 150 per cent, as per the amendment to the Unified Directive 2021-22 of the NRB.

As per the government data, 70,829 houses and plots of land changed hands in between mid- March and mid-April. Likewise, a total of 74,036 properties (houses and land) were sold across the country in the month between mid-February and mid-March, which was the second highest since the start of this fiscal.

source: the himalayan times, 17 June 2022

Land Use Regulations 2022 Nepal: Borrowers of BFIs fail to receive loans on land collateral due to mandatory rule of classifying land plots

 June 15: Borrowers, who sought to take loans from banks and financial institutions (BFIs) by maintaining land plots as collateral, have been unable to get loans due to the recently-enforced Land Use Regulations 2022.

The BFIs have stopped issuing loans against land collaterals after land revenue offices denied to ‘put on hold’ the transaction of land plots that have been used for securities. According to the new regulations, the land plots cannot be used as securities unless they are classified as agriculture or non-agriculture categories.

The new law has divided land into 10 categories based on their features and geographic situations. The land categories include agricultural, residential, commercial, industrial, mines, forests, public use and cultural-archeological, among others.

Previously, the land revenue offices had been issuing ‘halt transactions’ orders against any land plots that were considered fit for being kept as securities, based on which BFIs would provide loans to their clients. Now, the land revenue offices issue such orders only after the land plots receive the approval of being classified from the local governments.  

According to bankers, the dilemma in the procedure to separate types of land plots at the local levels has led to the difficulties in providing loans. The records of Nepal Rastra Bank show out of collateral-based loans provided by the BFIs, about 90 percent use land plots as fixed assets for collaterals.   

source: republica, 15 June 2022