NepalRealtors.com RSS http://www.nepalrealtors.com/rss Recent news and property updates from NepalRealtors.com, Nepal's largest real estate community. Copyright 2010, NepalRealtors.com info@nepalrealtors.com (NepalRealtors.com) Sun, 05 Sep 2010 20:45:18 +0545 en-GB Latest Land Price In The Valley http://www.nepalrealtors.com/about.php?a=news&id=4 http://www.nepalrealtors.com/about.php?a=news&id=4 The land price in the valley is soaring.Below are the approximate price of the land in the valley.<br><br>Unit--Per Anna (342.25 sq ft)<br><br>Location Price(Per Anna)<br><br>New Road Rs 20 Million<br>New Baneshwor Rs 10 Million<br>Putali Sadak Rs 2 Million<br>Hattisar Rs 4 Million<br>Keshar Mahal Rs 8 Million<br>Kalimati Rs 4 Million<br>Ring Road Kalanki Rs 4 Million<br>Ring Road Balkhu Rs 1 Million<br>Harisidhi Rs 0.3 Million<br>Bhaisepati Rs 0.7 Million<br>Pulchowk Rs 3.5 Million<br>Sat Dobato Rs 0.4 Million<br>Thimi(Beside Highway) Rs 3 Million<br>Balkot(Beside Road) Rs 1.2 Million<br>Katunje(Beside Road) Rs 0.7 Million<br>Duwakot (Beside Road) Rs 0.6 Million<br>Gundu(Beside Road) Rs 1.4 Million<br><br><br>Source- 18th April-6th June2009(THT) Fri, 10 Jul 2009 11:02:31 +0545 Kathmandu Getting Vertical http://www.nepalrealtors.com/about.php?a=news&id=5 http://www.nepalrealtors.com/about.php?a=news&id=5 Gradually Kathmandu is rising in its height.Generally every city always progresses from horizontal to vertical.Its a gradual development and growth of Nepal.The culture of Apartments and Housing is booming.People are looking for secured and peaceful place to live in.Due to insecurity, people are more attracted to apartments rather than stand alone housing units. Before, individual houses were popular but not anymore. The trend has changed.<br> At least 6,000 new housing units are on the fray for trade that cost from Rs 3,000 to Rs 12,000 per square feet, according to government officials. Ministry of Physical Planning and Construction records show that more than 67 builders are on a single mission of erecting more than 250 high-rise buildings in the capital, some as tall as 32-storey.(Republica July 10,2009).And it’s growing."The number of proposals for new high-rise buildings and apartment complexes never cease to decrease,” Subedi, who is the head of Kathmandu Division at the department, told.<br> Records show that last year 3,385 permits were given for housing units in apartments, high-rise buildings and housing compared to 1,088 the year before, according to NLDHA.<br>Though its a good sign of growing Nepal but a lot of things should also be taken into consideration.The current infrastructure is not enough for the kind of boom we are looking at. The water supply is not enough. We have to depend on deep boring for certain period. What do we do after that? Sewage system is not functional. With so many high-rise buildings and housing units, we are in for a crash,” said the superintendent engineer Chiranjibi Subedi. “Kathmandu is turning into a concrete jungle. And we are not ready.”<br><br><br><br> <br> Mon, 13 Jul 2009 17:14:50 +0545 The Most Awaited Housing Project http://www.nepalrealtors.com/about.php?a=news&id=6 http://www.nepalrealtors.com/about.php?a=news&id=6 Varun Developers is coming up with a mega housing project, the most awaited project in Nepal. The project called Park View Horizon is developing super luxurious high end condominiums at Dhapasi Height; Kathmandu. This project is of worth Rs. 3 Billion. The project is spread over 23 Ropanis of Land where more than 185 apartments with 8100 rooms will be built. <br><br>It is going to be the first high rise residential building complex where in 14 storied building will be constructed with an earth quake resistant structure approved by the Nepal government. It has various modern facilities like Jacuzzi, gym, air conditioned apartments, separate swimming pools for adults and kids, tennis court, jogging court track etc.<br> Mon, 27 Jul 2009 15:08:04 +0545 Latest Real Estate News In Kathmandu http://www.nepalrealtors.com/about.php?a=news&id=7 http://www.nepalrealtors.com/about.php?a=news&id=7 KATHMANDU: The realty business has dropped by one-third, according to data from the Land Revenue Office. However, chief of Dillibazar Land Revenue Office Prem Bahadur Khapangi claimed that the realty business has not dropped but is in progressive state. “During the fiscal year 2007-08, revenue worth Rs 1.10 billion was generated from the sector and it increased to about Rs 1.55 billion in the fiscal year 2008-09,” he said during a programme organized here today.<br> However, records at the Dillibazar Land Revenue office depict a different picture. The government had a target of collecting Rs 110.85 million revenue during the month of June. It was able to collect only Rs 80.39 million, data from the office revealed. Similarly, in July the government’s revenue target was Rs 120 million but the office was able to collect<br> Rs 110.75 million only.<br> Economist Rewat Bahdur Karki suggested that Nepal Rastra Bank (NRB) strengthened its monitoring capacity in order to save commercial banks from investing in land financing. “Banking sector is an important part of economy. Since real estate business is a risky one, the sector has to be careful while investing in it,” he said adding that the loss of banking sector would affect the national economy as a whole.<br><br><br>Source:The THT<br> Mon, 31 Aug 2009 12:33:02 +0545 http://www.nepalrealtors.com/about.php?a=news&id=8 http://www.nepalrealtors.com/about.php?a=news&id=8 Thu, 24 Dec 2009 11:15:04 +0545 Mini property boom in Nepal http://www.nepalrealtors.com/about.php?a=news&id=9 http://www.nepalrealtors.com/about.php?a=news&id=9 <br>Nepal experiencing a mini real estate boom<br>Nepal may not be the obvious next property hotspot but the mountainous country between India and China is experiencing a mini real estate boom as wealthy Nepalese real estate investors seek a safe have for their money, it is claimed.<br>Government figures show the number of new apartments built in Kathmandu rose more than three-fold last year to 3,385 from 1,088 in 2007, as high land prices and poorly enforced planning laws made building upwards more attractive.<br>According to the Nepal Land and Housing Association, land prices have risen by 300% since 2003. There has also been an increase in the number of estate agents in the capital city, Katmandu.<br>Among those who are rushing to become involved in the booming property business is former Miss Nepal Malvika Subba who also had a successful career in television before opting for the less glamorous job of selling housing.<br>She is now head of sales and marketing at property developer Shangri-La Housing which builds luxury apartment, a new concept in the landlocked country.<br>Although unrest may put off foreign investors it is having the opposite effect in Katmandu as those living in unstable areas move to the capital and buy property as well as wealthy investors who want to put their money in bricks and mortar.<br>'People see property as a good investment. Many people tell us that it is not safe outside the capital and they want to put their money in a safe place,' explained Subba.<br>'When I was offered a job marketing real estate, I said yes straight away, because it looked interesting and I could see that business was booming,' she added.<br>Land has become a valuable commodity, mainly due to the decade long civil war between the Maoists and the army as people flocked to the relative safety of the capital.<br>The influx pushed up land values in the city, explained Chiranjibi Subedi, a planning official in Kathmandu.<br>'The number of proposals for new high-rise buildings and apartment complexes just keeps on growing,' he added.<br>There are currently more than 250 high-rise blocks being built in the capital, according to the planning ministry. But a spokesman also pointed out that many apartments in Kathmandu are empty as owners cannot find tenants.<br><br><br>Source:Websearch(google.News on Property)<br> Thu, 24 Dec 2009 14:20:20 +0545 Top 10 Home Buying Mistakes http://www.nepalrealtors.com/about.php?a=news&id=10 http://www.nepalrealtors.com/about.php?a=news&id=10 <br>Use our list of common house-buying mistakes to avoid costly regrets. <br><br>1. Doing it alone. Buying a house is a complex transaction. Even if you don’t use an agent, you’ll need a complete, dependable team: lender, lawyer, inspector, insurer, as well as referrals and advice from friends and family. Enlist the help of these individuals early in the buying process. <br><br>2. Buying at first sight. You may be in love with the place, but does it fit your family’s needs and budget? Make a list of your needs and wants and make sure the house fits your requirements. Check out the neighborhood and the community before you buy by visiting at different times of the day and week to learn about noise and traffic patterns. Even if you don’t have kids, check out the local schools to make sure your resale value will be good. <br><br> 3. Not getting pre-qualified and pre-approved. Being pre-qualified gives you a general idea of how much you can afford to borrow. Being pre-approved means a lender has verified your information and credit rating and agreed to provide you with a specific amount of money. You are in a better position to go house hunting knowing exactly how much you can afford and that you have financing. <br><br> 4. Overbuying. You may qualify to borrow more, but can you afford to? Analyze your monthly costs: debt, food, transportation, entertainment, and savings. As a general rule, your total monthly debts, including your mortgage, should not exceed 36 percent of your income before taxes. Be sure to budget enough to cover closing costs (often two to five percent of the home’s purchase price), plus moving, redecorating and maintenance. Allow for increases in ongoing expenses such as utilities and taxes. <br><br> 5. Misplacing your trust. No matter how much you like the agent, sellers, inspector, or the guy down the block who vouches for them, remember this is a business transaction. Your decision is binding. Do your own research and know your support team’s roles and responsibilities. <br><br> 6. Relying on oral agreements. Get it right and get it in writing. Written agreements almost always trump oral ones when it comes to contracts. If the offer says the lawnmower is negotiable, but the agent says it’s included, get it in writing. <br> <br>7. Skipping the fine print. You need to understand what you’re signing before you pick up a pen. Ask for documents in advance, make time to read them and ask questions. Get copies of your mortgage papers a few days ahead of closing. <br> <br>8. Forgetting or betting on resale. Avoid buying a home that costs 50 percent more than neighboring homes and think before buying the most expensive home on the block. Your neighbors’ lower home values will weaken yours. Remember, markets change. If you buy intending to flip your investment and the market falls and you have to sell, your selling price may not be enough to even cover your mortgage. <br> <br>9. Making an unconditional offer. Protect yourself with at least two of these contingencies in your offer: <br>• Mortgage financing -- You’re pre-approved, but is the house? Before a bank will lend you money, it will want a formal appraisal of the property to confirm that there is sufficient equity in it to warrant the loan. If the house appraises lower than the sales price, the loan may be declined. <br>• Inspection -- never buy an existing or new home without a thorough home inspection. Walk through the home with the inspector to learn more about the house and any concerns he or she may have. <br>• Insurance -- confirm you can get adequate coverage. In some areas, it’s difficult to get hazard insurance. <br> <br>10. Having buyer’s remorse. No place is perfect. There will always be surprises. Don’t let a few initial blips spoil the whole ride. And don’t miss a great house waiting for the perfect one! <br><br> Source by www.yahoorealestate.com Wed, 06 Jan 2010 10:40:39 +0545 2008/2009What an eventful year Despite the weak economic outlook, 2009 took the property market by s http://www.nepalrealtors.com/about.php?a=news&id=11 http://www.nepalrealtors.com/about.php?a=news&id=11 Asian economies were reveling in an unprecedented decade of growth when the US sub-prime market began to collapse. The shockwaves did not reach Asia’s shores until September 2008 with the collapse of Lehman Brothers. Singapore – a large open economy with heavy reliance on financial and business services became the first Asian casualty.<br>By October 2008, Singapore had slipped into a technical recession and the economy was expected to record the largest economic contraction since independence. By end March 2009, private consumption has been contracting for at least a good two quarters. Public consumption, on the other hand, expanded as government attempted to stop the rising unemployment with public spending. In Singapore, given the openness of the economy, the government stimulus package was at some 7.4 percent of the GDP. While the concerns of rising inflation in the long term and current account deficits are real, supporting growth and domestic demand are more important. After all, consumer price indices have slipped into the negative region. Lending rates have also been cut to spur domestic demand.<br>The government stimuli, low interest rate, and slew of other financial aids have ameliorated the negative impact brought forth by the global financial crisis and have finally found their way into the private market.<br>Singapore’s economy outperformed expectations by recording a positive year-on-year growth of 0.6 percent in 3Q09, leading the Ministry of Trade and Industry (MTI) to revise its full-year economic forecast to –2.5 percent to –2.0 percent from the –6.0 percent to –4.0 percent.<br>However, the Singapore economy is not out of the proverbial woods as weak global demand mired is likely to continue to put a drag on the economy.<br>Hiring activity has improved with the total employment expanding by 15, 400 jobs although the majority of these newly created jobs are being filled by foreigners rather than local residents. According to the preliminary data released by the Ministry of Manpower (MOM), unemployment among the resident labour force increased from 4.6 percent to 5.0 percent in 3Q09, while the overall unemployment inched up marginally from 3.3 percent in 2Q09 to 3.4% in 3Q09. The residents’ share of the total islandwide unemployed persons (seasonally adjusted) has increased from 92.0 percent in 2Q09 to over 96.0 percent by 3Q09.<br>Total wages have reportedly been growing at a slower rate. In 2008, they rose only 4.2 percent compared to 5.9 percent in 2007. Taking inflation into account, real wages have actually contracted by 2.3 percent. The total wage in 2009 is expected to see even slower growth although the impact on real total wage may be mitigated by the low inflation rate.<br>As the recent growth has been largely driven by gains in the manufacturing sector, particularly output from the volatile biomedical manufacturing and inventory restocking, the sustainability of this trend has been called into question. The outlook for the Singapore economy remains weak and current market positivism is likely to be fragile. The most recent shock to global markets over the fear of fallout from Dubai’s debt problems is a case in point.<br>Despite the weak economic outlook, interest in the residential market has heightened. The affordability of residential properties has improved remarkably, and with prices of residential projects falling by some 30 to 40 percent has further motivated buyers.<br>Singapore residential – deflating the asset bubble<br>In Singapore demand for residential properties has increased. The overall cost of funds in the market continues to remain highly competitive. The Singapore Interbank Offered Rate (SIBOR) reached a low of 0.3 percent in September, spurring demand for private residential homes, especially new launches.<br>Buyers see the potential upside of the property prices and have pushed demand for new launches over the first nine months of 2009 at 12, 855 units to surpass the total figure of 11, 064 units that was achieved in 2006. In the secondary market, transactions are less at 10, 818 units for the first nine months of 2009. Nonetheless, the new sales market has pushed the overall URA Property Price Index (PP I), including Jones Lang LaSalle price indices, to surge by 8 to 16 percent quarter-on-quater in 3Q09.<br>On a monthly basis, the average sales volume of 1, 470 since February 2009 has exceeded the 330 units that were achieved in the entire year of 2008. Since June, the state has attempted to cool the market with consultation on the Income Tax Amendment Bill where the tax authority clarify conditions that certain gains and losses from disposal of real properties are to be disregarded for tax purposes. While it caused some public stir, this issue had limited impact as the monthly sales surged to an all time high of 2,650 units compared to the previous peak of 1,714 units in August 2007.<br>On 14 September, the Urban Redevelopment Authority (URA) issued a set of measures to curb market speculation including the removal of two financial schemes that were previously introduced to spur housing demand - Interest Absorption Scheme and Interest Only Loans. This anti-speculative announcement probably had more impact on the market than the individual measures themselves. By early November, not only has URA injected eight new residential sites into the Confirmed List ahead of market expectations, the Monetary Authority of Singapore (MAS), in their release of the annual Financial Stability Review cautioned buyers over the dangers of the bullish housing market.<br>Expect more measures<br>Although buying interests have cooled, recent sales volume is still higher than the average over the same period in 2007. Allowing for seasonal behaviours, the average monthly sales of 940 units recorded since September 2009 is more than double that over the same period in 2007.<br>We expect that the state will introduce further measures if sales volume continues to exceed the market average of about 500 to 520 units per month in a lull market. The state may advise the banks to reduce the loan to value ratio to prevent speculative demand.<br>Given that PP I tends to be a laggard i.e. and price correction is often preceded by a noticeable drop in the transaction volume about three to four months before, other more aggressive supply-side measures such as further injection of government sales sites into the Reserve List could be deployed especially if the PP I does not stabilise over the course of first quarter in 2010.<br>Should all these soft approaches fail to reign in transaction volume and prices, there is the eventual option of reintroducing the capital gains tax. We have seen how the Singapore market reacted when the capital gains tax was introduced in 1998 and was subsequently lifted in 2001. While this option may seem harsh, it could be introduced especially if the speculative behaviour brings about more cost than benefit to the economy.<br>Dr Chua Yang Liang leads the Jones Lang LaSalle research teams in the Southeast Asia region, encompassing Indonesia, Malaysia, Philippines, Singapore, Thailand, and Vietnam. Trained as an urban planner, Dr Chua brings to the Firm a different perspective to the fundamental research on the property market. He publishes original research on regular property market updates, rental and price indices, topical property market matters as well as consultancy assignments.<br>Source –www.property-report.com<br> Mon, 11 Jan 2010 10:58:42 +0545 Land grabbers http://www.nepalrealtors.com/about.php?a=news&id=12 http://www.nepalrealtors.com/about.php?a=news&id=12 It appears from the recent practice of land capture in Nepal that it may go the way of Zimbabwe, a country which is taken as a classic example to demonstrate what can happen when land reform programmes take a wrong course. Once considered to be the bread basket of southern Africa, Zimbabwe is now struggling to feed its people with more than half of the population being malnourished. Tourism has collapsed due to conflict and insecurity, and a large chunk of the population has been pushed out by poverty to neighbouring countries for work. From 1990 to 2008, confiscation of land owned by large landowners was pervasive in Zimbabwe, and it was done in the name of land reform.<br><br>Started with a well-intentioned programme of transferring land owned by white settlers, who constituted 1 percent of the population and controlled 70 percent of the arable land, to local black peasant families, the land reform programme was politicised in Zimbabwe. Cadres of the Zimbabwe African National Union’s Patriotic Front (ZANU-PF), a party headed by Robert Mugabe, were encouraged to capture the land and distribute it to the cadres and sympathisers of the party. While large tracts of land owned by white settlers went to ministers, government officials, military personnel and big shots of the ZANU-PF, a small part of the confiscated land was distributed to cadres and small farmers. Even though land distribution was taken as a “carrot” to attract the support of poor rural peasants, the real benefit went to the party and its leaders.<br><br>While no one denies the inequality in land ownership in Zimbabwe and the historical injustice suffered by the black peasants, the modality of land reform and the vested political interest of a single party created a situation in which people would not invest in agriculture or in the conservation of land and other associated natural resources like forest and water. Moreover, the distribution still became unequal — the previous position of white farmers was taken over by big political leaders and military personnel supporting a political party. This created mistrust among the people, which resulted in political and civil conflict. This all made Zimbabwe the today’s Zimbabwe.<br><br>It seems that Nepal is also following in the footsteps of Zimbabwe in terms of land capture. The practice of confiscating land is presently being highlighted by the media, but it began a long time ago. Another recent development in land is the rapid rise in prices, especially in Chitwan, Nawalparasi, Dang and other western Tarai districts and market centres in the hills. Both the trends of land capture and land price rise seem to be adversely affecting the very poor people that the policy is intended, at least in words, to benefit. This recent experience reveals that land is just out of reach of the poor and landless. A poor man or woman can never think of buying a piece of land in these locations or anywhere in the country for farming or building a house. <br><br>The recent practice of grabbing land in Nepal is being done by members of the United Communist Party of Nepal (Maoist). Interestingly, as reported in the newspapers and also as has been observed in Dang and other places, this was not done to distribute land to landless people in a fair way, but to develop housing plots and sell them at high prices. In many cases, even the rightful owners of the land, i.e., those who have invested their hard earned money or labour to purchase the land respecting all the laws of the land, have been pressured to make a distress sale of their land at a cheap price. The other members of the same group which put pressure for this distress sale, buy the land, develop plots for housing, and then put them up for sale at high prices. Therefore, two unusual practices are being seen at the same time. The landowners sell the land at throwaway prices, and the real buyers, who need land for housing or for other purposes, have to pay exorbitant prices.<br><br>This new style of land capture is different from the one that was practiced during the people’s war. At that time, land owned by large landowners, usually those belonging to different political ideologies, were confiscated; and landless and marginal farmers were allowed to remain on it to grow crops. But this practice neither helped in increasing production nor improving the security of those cultivating the land. Both local production and the livelihoods of the poor suffered. Closely related to the practice of land capture is grain capture, which has also increased in recent times.<br><br>The way land prices have increased now also indicates that this is not conducive for agricultural development. Nor will this be conducive for social justice in land distribution that the government aims to bring through scientific land reform. The investors have invested in land not with an intention of developing farms or real estate, but to promote speculation in land and reap large benefits. It is also doubtful as to who the real investors are and how they could accumulate so much cash to buy land at such dreadful prices. The price of land in some western Tarai districts has been surging almost two-fold each year. If land prices increase at such a rate, it will probably be difficult for the government to buy land and distribute it to the poor and landless through the land reform programme.<br><br>While equitable distribution of land and protection of tenants in terms of their rightful share in production is important, it needs to be done by the government after making proper regulations and respecting all human rights of all groups and classes of people. Taking the law into their own hands by the cadres of a certain political party and capturing the land in the name of social justice and land reform will not solve the problem. While it may get the support of a group of people for a short time, the country’s prosperity will suffer. Moreover, the political uncertainty and conflict that results from such extra-legal practices will render even the well-intentioned land reform programme unsuccessful harming the very people this programme intends to benefit. After all, this is what happened in many countries where land reform programmes were not successful. In the light of this experience, all the political parties need to show maturity and help make this land reform programme beneficial for all so that it can help bring a peaceful environment that will be conducive for economic development.<br> source:The Kathmandu Post Mon, 11 Jan 2010 12:51:15 +0545 Impact Of NRB Directive On Real Estate http://www.nepalrealtors.com/about.php?a=news&id=13 http://www.nepalrealtors.com/about.php?a=news&id=13 For the last several years, the business of real estate has flourished considerably in Nepal. People tend to buy plots of land not for the purpose of building houses thereon but from a commercial viewpoint. There are two major reasons for the increasing investments on land and buildings: easy and cheap bank loans and inward remittances. <br>Banks and other financial institutions have a real estate and house loan portfolio of Rs. 114 billion. This figure would represent about 12 per cent of the overall economy. This goes on to show that many people have been attracted to real estate and housing loans. Besides, the remittances sent home by Nepalese workers working abroad have also been used for land acquirement or housing purposes. <br>Migration<br>The unrest prevalent during the insurgency period forced an umpteenth number of people to migrate to the cities or abroad. The trend of such migration is still going on. With such migration, the need for land for the migrants to house themselves has arisen. This has sent them searching for land at any cost. <br>In the meantime, real estate entrepreneurs have become active. Capitalising on easy financing from financial institutions, they have been able to do well in their business. Even general people have now developed a tendency to buy land, however small, in the hope of selling it at a higher price in the future. <br>In fact, the prices of land are going up so much that it will not be a surprise to find the prices double in one year’s time - a hundred per cent return. As such, investments on land have turned out to be more profitable than those in gold or fixed deposits.<br>Nowadays, there is a tendency on the part of the builders to pool together many plots of land, build apartments and sell them to the general public. Similarly, some people tend to acquire a swath of land, parcel it out into small plots and sell them. And those who buy such plots also tend to sell them, thus giving a commercial touch to land transactions.<br>The real estate sector is a risky sector. Despite this, investment in this sector has literally grown out of hand. Realising this, Nepal Rastra Bank, which had suggested to the financial institutions to curb real estate lending in the past, recently came up with a directive to control real estate transactions. <br>The directive is two-pronged: on the one hand, it has aimed at setting measures for the real estate and house loan exposure of financial institutions and on the other, interests will have to be raised by five or six per cent. The financial institutions will have to keep their real estate and house loan exposure to 40 per cent of the total loan exposure by the end of this fiscal year, to 30 per cent by the end of the fiscal year 2067-68 and to 25 per cent by the end of the fiscal year 2068-69. <br>With a hike in the bank rate imposed by Nepal Rastra Bank in order to retrench imports amid a rising trade deficit, the commercial banks have also hiked lending rates. <br>The directive will work towards reducing real estate and housing transactions by restricting bank loans and imposing higher interest rates on such loans. The other sources of funds for such transactions are remittances sent home by Nepalese workers working abroad. However, the flow of such remittance money has also slowed down due to the world recession. <br>With restrictions in place regarding disbursement of real estate and house loans, even a greater flow of remittance money cannot spur real estate and housing transactions.<br>There is now a scuttlebutt going around in the market. Will land prices come down? Some people say that land prices will go down because it will be difficult to raise loans from financial institutions. Others are of the opinion that land prices may not go down but they will stabilise at the present level for some time to come. <br>One thing is, however, certain - land prices will not go up. A price crash, which is more likely at this juncture of time, will adversely hurt real estate entrepreneurs and apartment builders. People are now trying to find out how the wind blows. <br>The directive has, thus, brought about ripples in the real estate sector. It has also impacted small loan clients as they will have to pay higher interest on their loans. They cannot avoid the juggernaut of costly interest because they have agreed in their loan papers that they are agreeable to floating interest rates. With the recently announced directive, small loan clients will be put to injustice. They will have to pay higher interest for no fault of theirs. <br>The financial institutions will be more than happy because they will be able to raise their interest income. Most of such loan clients may not be in a position to repay their loans. In such a case, they will have to sell their property in order to repay their loans. However, a good aspect of the directive is that such loans will not have to be recalled at once in order to keep them within 40 per cent of the total loan exposure. The financial institutions have until the end of this fiscal year to regularise their real estate and house loan portfolio.<br>Relief measure<br>A relief measure must be worked out for the protection of the interest of the existing real estate and house loan clients. They should be allowed to enjoy the existing interest rates and only the new loan clients should be levied revised interest rates. Otherwise, the existing loan clients may be compelled to dispose off their property financed by a bank or some other financial institution to repay their loans in order to steer clear of heavy interest payment. But it may be more difficult to find buyers, given the present situation engendered by the directive.<br> Source:The Rising Nepal.com Wed, 27 Jan 2010 14:09:46 +0545 Independent Land in Balaju, Kathmandu http://www.nepalrealtors.com/property.php?id=310 http://www.nepalrealtors.com/property.php?id=310 Land in Balaju with road of 10 ft in a reasonable rate 8 lakh per anna,can be bought in pieces or lump sum or if want to take plots 3 pieces would be available (3 anna 3 paisa,3 anna 2 paisa , and 3 anna). Tue, 23 Feb 2010 14:10:50 +0545 Independent Land in Gongabu, Kathmandu http://www.nepalrealtors.com/property.php?id=311 http://www.nepalrealtors.com/property.php?id=311 A beautiful plot suitable for residential purpose. Mon, 01 Mar 2010 13:01:41 +0545 Independent Land in Gongabu, Kathmandu http://www.nepalrealtors.com/property.php?id=312 http://www.nepalrealtors.com/property.php?id=312 A beautiful plot in Greenland suitable for any kind of purpose,road on 3 side. Mon, 01 Mar 2010 15:48:08 +0545 Independent House in Gongabu, Kathmandu http://www.nepalrealtors.com/property.php?id=313 http://www.nepalrealtors.com/property.php?id=313 A small home cozy enough for a small family. Mon, 01 Mar 2010 15:55:08 +0545 Independent House in Tokha, Kathmandu http://www.nepalrealtors.com/property.php?id=314 http://www.nepalrealtors.com/property.php?id=314 17 room house near by CRS Company.Loan can be provided for genuine customer. Mon, 01 Mar 2010 16:03:34 +0545 Independent House in Gongabu, Kathmandu http://www.nepalrealtors.com/property.php?id=315 http://www.nepalrealtors.com/property.php?id=315 A house in Greenland,with a beautiful scenery. Mon, 01 Mar 2010 16:31:42 +0545 Independent House in Gongabu, Kathmandu http://www.nepalrealtors.com/property.php?id=316 http://www.nepalrealtors.com/property.php?id=316 A house in Greenland,having solar and garage,with a reasonable price. Mon, 01 Mar 2010 16:39:53 +0545 Independent Land in Gongabu, Kathmandu http://www.nepalrealtors.com/property.php?id=317 http://www.nepalrealtors.com/property.php?id=317 Plots available for all kinds of purpose in Phempo Land Development Project Group. A Plot of 2,3,4 anna is available. Wed, 03 Mar 2010 13:45:37 +0545 Bunglow in Chapali, Kathmandu http://www.nepalrealtors.com/property.php?id=319 http://www.nepalrealtors.com/property.php?id=319 A beautiful bunglow with a leading road on both side good for residential purpose. Sun, 07 Mar 2010 15:49:04 +0545 Independent house in Samakhusi, Kathmandu http://www.nepalrealtors.com/property.php?id=320 http://www.nepalrealtors.com/property.php?id=320 a good pla Thu, 27 May 2010 11:56:19 +0545