Speaker Aryal asks govt to resolve land ceiling issues

Kathmandu, Sept 17: chas urged the government to resolve the problems related to land ceiling at the earliest.

Inaugurating the ‘9th Nepal Real Estate and Construction Exhibition-2083’ that kicked off here today, Speaker Aryal stressed that the government should be serious to resolve legal complexities related to land ceiling.

The Speaker shared that a process was forwarded to formulate sustainable, citizen-friendly and land-appropriate laws so it would address the problems for coming 50 years in this sector. He pointed out the need of encouraging entrepreneurs to create decent employments in the country and end the compulsion of going abroad for employment.

Real estate business is one of the vital pillars to make domestic economy dynamic. It is also associated with various sectors including cement, banking insurance and infrastructure development.

President of Nepal Chamber of Commerce, Kamlesh Kumar Agrawal, stressed that the government should protect real estate, housing and construction sector as they are backbone of Nepal’s economy. He reminded the government to readjust loan relating to housing and real estate.

Chairperson of Nepal Land and Housing Developers Association, Dipak Kunwar, argued that though the real estate and housing companies had constructed housings taking loan from banks, they had to bear burden of interest for the past eight years owing to burden of ownership transfer.

President of Nepal Real Estate and Housing Developers’ Federation, Bishnu Prasad Ghimire, expressed concern that real estate entrepreneurs were been hit hard due to provision of land ceiling.

The expo began under the theme ‘Safe Housing, Rights of Every Citizen’ have more than 100 stalls of real estate, banks, insurance, solar energy, furniture. It will run till September 20. #rss