The highest revenue was 4.54 billion 2.2 million rupees in Baisakh, along with the revenue, transactions and bills of exchange also increased.
We use Google Cloud Translation Services. Google requires we provide the following disclaimer relating to use of this service:
This service may contain translations powered by Google. Google disclaims all warranties related to the translations, expressed or implied, including any warranties of accuracy, reliability, and any implied warranties of merchantability, fitness for a particular purpose, and noninfringement.
In the 10 months of the current financial year, 37 billion 76 billion 71 lakh rupees have been raised from real estate transactions. According to the Department of Land Management and Records, the highest revenue was Rs 4.54 billion 2.2 million in May.
According to the department, the lowest revenue was Rs 2,704,000,000 in October. According to the data of the department, there was a turnover of 3 billion 835 million in August, 3 billion 92 million in August, 3 billion 812 million in October, 3 billion 87 million 48 million in November, 4 billion 25 million in January, 3 billion 87 million in January, 4 billion 12 million in February and 4 billion 39 million 46 million in March.
The total share has also increased along with the revenue in Baisakh. But the total turnover has decreased compared to March, according to the data of the department. Despite the decrease in the total transaction, the department said that in April compared to March, the documents of both real estate transactions and Kittakat have been passed. In Baisakh alone, 52 thousand 423 new houses were bought and sold. Last March, 49 thousand 832 new houses were bought and sold. According to the data of the department, there were a total of 144 thousand 60 transactions in Baisakh and 147 thousand 416 transactions in Chait. The data of the department has a total of 12 lakh 69 thousand 448 transactions from July to April of the current financial year.
In the current financial year, the highest number of 57 thousand 928 documents have been passed by the department. Last March, 54 thousand 279 letters were passed. Passing of the document means that the transaction or quota is new only in the same month. In the overall transaction and stock exchange, there are name changes, revisions, past dues, land distribution etc. In Baisakh, a total of 128 thousand 487 lottery was held. Previously, the lowest number of bookings was 61 thousand 332 times in August. According to the department, a total of 997 thousand 927 cases were reported from July to April of the current financial year.
Since last August, due to non-classification of land, land distribution was at a standstill in 620 municipalities across the country. On August 24, 2081, after Kittakat was stopped, the Council of Ministers meeting amended the Land Use (Second Amendment) Regulations, 2079 and stipulated that four forts should be designated as open agricultural areas at the local level by the end of June 2082.
In August, after Kittakat was stopped, Kittakat and the passage of business documents decreased. Revenue was also down compared to July. Allegedly, the business is continuously increasing and the market share has decreased again. The data of the department has the highest number of transactions and quotas this year in Baisakh. In October, 72 thousand 958 cases were reported, compared to 115 thousand 134 times in January. But in January 114 thousand 206 and 112 thousand 362 times in February.
There were 1848 transactions in October and 97 thousand 196 transactions in October. According to the data of the department, there were 1 lakh 40 thousand 621 transactions in January, but it was limited to 1 lakh 32 thousand 31 in January. The government issued land use regulations on June 23, 2079, according to which the municipality has agricultural and non-agricultural
could only be done after separation. Due to this policy, from July of the same year, the overall real estate business started to decrease. The businessmen came saying that the real estate business could not increase due to lack of supply.
After the municipality delayed the separation of agriculture and non-agriculture, Kittakat was at a standstill since November 2079. Recently, the government has amended the regulations and provided that residential and commercial land can be allotted up to 80 square meters area. Earlier, residential plots less than 130 square meters could be allotted. It has been arranged that 80 square meters of land can be allotted to those who have received planning approval and 130 square meters to those who have not. Previously, there was a provision that both those who took the planning permission and those who did not were allowed to plot in an area of less than 130 square meters.
The department has been collecting revenue on service tax, registration fee, additional fee, door facility, capital gains tax, delay fee, city infrastructure development fee, chief minister cleanliness campaign fund fee, Narayani and Rapti civilization.
According to the department, only the revenue raised from the capital gains tax will go to the account of the Union Government.
The outgoing president of the federation, Bhesraj Lohani, said that even though the real estate transaction data showed an increase, it was only a general improvement. Nepal Rastra Bank's monthly installment income ratio is 60 percent for housing loans up to 50 lakhs. The federation demands that both of them should be raised to 80 percent, saying that it is 70 percent for those above that. In July 2080, the National Bank had provided a maximum loan of Rs 2 crore for those who wanted to build their first house. Earlier, there was a provision to get loans up to 15 million rupees.
From July to March of the current financial year, 20 billion 12 million rupees of housing loans (up to 2 million rupees) have been disbursed. According to data of Nepal Rastra Bank, during the same period of the last financial year, such loans amounted to 38 billion 63 crore 21 lakh rupees. In the 9 months of the current financial year, real estate loans of Rs. 11.75 billion have been disbursed. In the same period of the last financial year, 2 billion 76 crore 42 lakh rupees were disbursed for real estate loans, according to Rastra Bank.
According to Rashtra Bank's data, most of the real estate loans flowed into other real estate (land purchase and plotting). In other real estate (land purchase and plotting) 8 billion 374 crore 47 lakh rupees loan has been disbursed in 9 months. In 9 months of the last financial year, other real estate (land purchase and plotting) loans were negative by 1 billion 374 million rupees.
