Since the beginning of July, the real estate transactions have decreased due to the suspension of allotment in 500 municipalities where allotments have not been declared. According to the data of the Land Management and Records Department, compared to the previous July, the real estate transaction and the revenue from it have decreased.

In the first month of the financial year 2082/83, in July, a revenue of Rs. While in the financial year 2081/82 in July, there is a revenue of 3 billion 835 million rupees. Businessmen say that the budget and monetary policy of the new financial year will be implemented immediately after the end of the financial year, and although it will have a positive effect, the real estate business has not been affected.

As the financial year ends, May-June is considered an 'off season' for real estate transactions. It is said that the new financial year will start from July and the implementation of Nepal Rastra Bank's monetary policies will have a positive impact on real estate transactions. But since the beginning of July, the real estate business has been affected since the beginning of July, according to Bishnu Ghimire, president of the Nepal Real Estate and Housing Development Federation. He said that it was expected that after the start of July, new loans would be issued and business would increase.

Land use regulations, 2079 (for the third time) are being discussed to be amended: Ganesh Bhatt, Spokesman, Ministry of Land Management, Cooperatives and Poverty Alleviation

According to the statistics of the department, 16 thousand 431 new laws were passed in July. According to the department, 31 thousand 621 new business documents have been passed. From this, a revenue of 3 billion 28 crore rupees has been collected in July alone. Ghimire, the president of the

federation, claims that the figure was seen when the parceled land was sold and distributed before July, and that the government has received revenue. 3 billion 28 million revenue was generated by the purchase and sale of real estate that had been foreclosed before July, if it had not been foreclosed earlier, that would not have happened, said Ghimire. 

According to the Ministry of Land Management, Cooperatives and Poverty Alleviation, 253 municipalities have been classified by category. But according to the ministry, 500 municipalities are in different stages of classification. Because of that, the government understands that the distribution has been stopped only in 500 municipalities. But Ghimire says that the Malpot and Napi office has stopped the collection in all municipalities.

It is said that since the Ministry of Land has already classified 253 municipalities according to the divisional details, it has stopped only in 500 municipalities. But the Land Registry and Survey Office says that there is no distribution in all municipalities. That's why everything has stopped in the municipality.'

Not only compared to the previous July, but also compared to last June, real estate transactions have decreased in July. Last June, 55 thousand 524 documents were passed while 154 thousand 720 real estate transactions were done. 6 billion 55 crores of revenue was raised from this. Ganesh Bhatt, the spokesperson of the Ministry of Lands, also admits that the revenue from the real estate business has also decreased due to the shutdown in 500 municipalities.

Bhatt said that discussions are underway to amend the Land Use Regulations, 2079 (for the third time) to open up land use. He says that it has been stopped in all municipalities that do not have caste classification.

Even if not classified, there was no impact on shareholding, share compensation, etc. before. But this year, while determining the minimum valuation of land, it has been determined according to agriculture, housing, and industrial," he said. "When determining the minimum valuation according to the classification of land, there was a problem with partial compensation, etc. Due to what is to be considered as the minimum valuation, the work of partial bond, partial compensation, etc. has been stopped in places that have not been classified this year. Bhatt said that no real estate transactions have been stopped in the municipality that has been classified with category details. 

The government has revised the land use regulation, 2079 twice in order to open up the parcels when the municipality did not classify them on time. Since the beginning of August 2081, work related to land administration including Kittakat was stopped in 620 municipalities. At that time, only 133 municipalities had fully classified land. After that, on August 27, 2081, the land use regulation, 2079 was amended for the second time, and the municipality was given time until June 2082 to classify the land. According to the ministry, while only 253 municipalities were fully classified by June 2082, the distribution was stopped in 500 municipalities. 

When the regulations were issued in June 2079, four forts had to be designated as open agricultural areas within 6 months. Until November 2079, only some municipalities had allocated agricultural areas. After November 2079, the land had to be classified into 10 regions. But after most of the municipalities did not classify the land, the regulations were amended on July 32, 2080, and it was arranged that four forts should be designated as open agricultural areas within one year. From the first amendment of the regulation, residential and commercial land up to 80 square meters area and agricultural land up to 1 ropani can be allotted. Earlier, residential land could not be allotted less than 130 square meters. In terms of agricultural land, there was a provision that less than 500 square meters in the valley and 675 square meters in Terai and Inner Madhesh could not be allotted.

The land classified by the government has separate criteria for agricultural, residential and commercial. According to the regulations, local road standards must be met for commercial housing. The ministry revised the regulations for the second time in August 2081 after the municipality did not classify despite adding one year period from the first amendment. 

500 Municipal Corporations have not classified land even after amending the regulations twice for land classification. The Ministry of Law had already told the Ministry of Lands not to amend the regulations for the second time. But since the Ministry of Lands is holding discussions for the amendment of the regulations, now the question has arisen whether the Ministry of Law will give its consent or not, said an official of the Ministry of Law. But Bhatt, the spokesperson of the Ministry of Lands, claimed that the discussion for amending the rules has only started.