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Real estate professionals have said that there is a need to review the current system of revealing the source of income for housing purchase.
In a program organized by the Nepal Land and Housing Development Federation in Kathmandu on Wednesday, the businessmen asked to review the current system of showing the source of income in the purchase of housing.
They also demanded that the existing law regarding the ratio of land value and loan collateral should be reviewed.
In the context of the Anti-Money Laundering Act and Regulations, companies that intend to engage in real estate business are listed as indicative organizations, any real estate company engaged in real estate business must obtain the recommendation of the federation, and it should be legally recognized as a representative organization of stakeholders. Yes,' said the statement issued by the federation.
