Land Parceling Halted in Most Local Levels Due to Classification Issues
Summary
Land parceling has been halted in many local levels across Nepal because land classification under the Land Use Regulations remains incomplete. The freeze is hurting real estate transactions, municipal revenue, bank loan recovery, and ordinary citizens who need to sell land for expenses, education, or medical treatment.
Key Points
- Land parceling has been stopped since July 17 in local levels that have not completed land classification under the Land Use Regulations.
- Only 422 of Nepal’s 753 local levels have finished land classification, with Kathmandu Metropolitan City and many other urban areas still pending.
- Municipal officials say the delay stems from lack of manpower, technical support, and budget from the federal government.
- Real estate traders warn the halt is worsening liquidity problems, reducing government revenue, and increasing risks for banks and borrowers.
