Housing Federation Demands Land Act Revisions to Unblock Stalled Property Transactions
Summary
The Nepal Land and Housing Developers' Federation says land ceiling rules and the online land records system have blocked ownership transfers for about 2,000 completed houses, apartments and plots across Nepal. It is urging the government to amend the Land Act, ease credit rules and launch a revival package for the real estate sector.
Key Points
- The Nepal Land and Housing Developers' Federation says land ceiling enforcement has stalled ownership transfers for roughly 2,000 completed properties across Nepal, especially in the Kathmandu Valley.
- Developers face rising bank interest costs, legal risks and trapped investment as buyers wait for property registration despite making advance payments.
- The federation wants the Land Act amended to exempt approved real estate developers from land ceiling limits and reopen blocked transactions.
- It also seeks a broader real estate revival package from the government and Nepal Rastra Bank, including easier credit and tax policy changes.
