Category Archives: Real Estate

Planning commission to showcase resilient home designs

Department of Urban Development and Building Construction, in association with some non-governmental organisations (NGOs), is showcasing some 25 designs of earthquake-resilient houses suitable for rural areas during the donors’ conference on June 25. The houses will be constructed using local

Victims seek probe, ask for demolision of apartments built against law

Neighbours of high-rises have demanded to investigate the apartments, if they have followed the building code and criterion. Asking to formulate new building code based on the lessons learnt from recent earthquakes, they also called for demolishing the buildings that

Government warns of stern action, if house owners hike rent

The government has warned stern action against houseowners, who hike rent taking undue advantage in the aftermath of the 7.8-magnitude devastating earthquake of April 25. Issuing a statement – after complaints that some landlords were increasing house rent after the

NRNA to build 1,000 quake-resistant homes

Non-Resident Nepali Association (NRNA) has committed to construct some 1,000 homes in different quake-hit areas. “The association will construct earthquake-resistant and environment-friendly homes in eight of the most earthquake affected districts,” said NRNA president Shesh Ghale here today. He, however,

Supreme Court orders Basnet back into custody

Supreme Court today ruled that promoter of Oriental Cooperative Sudhir Basnet should be kept in custody. A division bench of justices Girish Chandra Lal and Devendra Gopal Shrestha handed down the verdict today overturning the Patan Appellate Court’s earlier decision

Real estate expo ends, records 214,000 footfall

The fourth edition of Real Estate Expo concluded here today, attracting some 214,000 visitors. The four-day Real estate Expo 2014 witnessed sales of 54 standalone homes and apartment units worth around Rs 270 million, informed the organiser Nepal Land and

House construction, living cost up; industrial production down

Constructing a house or living cost has been increasing due to rise in prices of construction materials and daily essential products, according to a survey. Most of the industrial products – from daily consumable to the luxury products and construction

Low-end housing in high demand

Low end housing products are in high demand in the Valley, according to a study on housing market released here today.Stand alone housing or apartments priced between Rs 5 million and Rs 10 million are in high demand in the